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McConnell rolls out GOP oversight efforts for coronavirus relief package

McConnell rolls out GOP oversight efforts for coronavirus relief package
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Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellOn The Money: McConnell says he would give Trump-backed coronavirus deal a Senate vote | Pelosi, Mnuchin see progress, but no breakthrough | Trump, House lawyers return to court in fight over financial records Progress, but no breakthrough, on coronavirus relief LGBTQ voters must show up at the polls, or risk losing progress MORE (R-Ky.) on Friday tapped Sens. Mike CrapoMichael (Mike) Dean CrapoBarrett says she did not strike down ObamaCare in moot court case GOP Sen. Thom Tillis tests positive for coronavirus 22 GOP attorneys general urge Congress to confirm Barrett as Supreme Court justice MORE (R-Idaho) and Pat ToomeyPatrick (Pat) Joseph ToomeyAppeals court rules NSA's bulk phone data collection illegal Dunford withdraws from consideration to chair coronavirus oversight panel GOP senators push for quick, partial reopening of economy MORE (R-Pa.) to help conduct oversight on the recently-passed $2.2 trillion coronavirus relief package.

McConnell said in a statement that Crapo, the chairman of the Senate Banking Committee, will coordinate oversight into the CARES Act, which President TrumpDonald John TrumpBiden holds massive cash advantage over Trump ahead of Election Day Tax records show Trump maintains a Chinese bank account: NYT Trump plays video of Biden, Harris talking about fracking at Pennsylvania rally MORE signed into law last month. Toomey will be on the five-member congressional commission overseeing the Trump administration’s implementation of the legislation. 

“The CARES Act is the biggest rescue package in the history of Congress,” said McConnell. “Appropriate, objective and nonpartisan oversight will be key to ensuring its dollars and programs find their mark.” 

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McConnell added that he made the appointments after consulting with a slew of Senate committee chairs. 

Toomey will serve on the so-called Congressional Oversight Commission, a key aspect of the coronavirus relief package that will oversee $500 billion being distributed by the Treasury Department. 

“Senator Toomey is one of the sharpest members of the Senate,” McConnell said. “He is a leader on economics and finance and a key member of the Finance, Banking, and Budget Committees. The Commission will benefit greatly from his expertise.” 

Republican and Democratic leaders in the House and Senate will each name one member of the panel, with the chair being selected in a joint decision by McConnell and Speaker Nancy PelosiNancy PelosiOn The Money: McConnell says he would give Trump-backed coronavirus deal a Senate vote | Pelosi, Mnuchin see progress, but no breakthrough | Trump, House lawyers return to court in fight over financial records Progress, but no breakthrough, on coronavirus relief McConnell says he would give Trump-backed coronavirus deal a vote in Senate MORE (D-Calif.). 

Senate Minority Leader Charles SchumerChuck SchumerSchumer says he had 'serious talk' with Feinstein, declines to comment on Judiciary role Democrats seem unlikely to move against Feinstein Trump to lift Sudan terror sponsor designation MORE (D-N.Y.) last week named Bharat Ramamurti, a former aide to Sen. Elizabeth WarrenElizabeth WarrenJustice Department charges Google with illegally maintaining search monopoly Overnight Health Care: Trump takes criticism of Fauci to a new level | GOP Health Committee chairman defends Fauci | Birx confronted Pence about Atlas Senate Democrats call for ramped up Capitol coronavirus testing MORE (D-Mass.), to the panel, and House Minority Leader Kevin McCarthyKevin Owen McCarthyMcCarthy: 'I would think I already have the votes' to remain as House GOP leader Conservatives seize on New York Post story to push Section 230 reform Sunday shows preview: Coronavirus cases surge in the Midwest; Trump hits campaign trail after COVID-19 MORE (R-Calif.) tapped Rep. French HillJames (French) French HillRepublican fears grow over rising Democratic tide The use and abuse of the IMF in the fight against COVID-19 Lawmakers ask Pelosi, McConnell to diversify coronavirus relief oversight panel MORE (R-Ark.) to serve on the committee.

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Pelosi has yet to name her pick, and said Thursday that she is working with McConnell to work up a list of contenders for the committee’s chairmanship.

The House speaker has also indicted that she will establish a new select committee to conduct oversight of the CARES Act, though she has yet to name its members and would likely need a House vote to formally create the panel.

The Congressional Oversight Commission is one of three oversight mechanisms established in the relief package, though the other two measures have been thrust into controversy. 

Trump has nominated an inspector general for pandemic response to oversee the same $500 billion as the congressional panel, though the pick, a White House lawyer, has faced backlash from Democrats who claim he cannot be impartial.

Trump also demoted the Pentagon watchdog who had been named to lead a panel of current inspectors general and no replacement has been announced.