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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 McConnellPelosi mum on when House will send impeachment article to Senate Democratic senator: COVID-19 relief is priority over impeachment trial The Hill's Morning Report - Biden asks Congress to expand largest relief response in U.S. history MORE (R-Ky.) on Friday tapped Sens. Mike CrapoMichael (Mike) Dean CrapoSweeping COVID-19, spending deal hits speed bumps McConnell in tough position as House eyes earmark return Mnuchin to put 5B in COVID-19 relief funds beyond successor's reach MORE (R-Idaho) and Pat ToomeyPatrick (Pat) Joseph ToomeyGovernment used Patriot Act to gather website visitor logs in 2019 Appeals court rules NSA's bulk phone data collection illegal Dunford withdraws from consideration to chair coronavirus oversight panel 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 TrumpCIA chief threatened to resign over push to install Trump loyalist as deputy: report Azar in departure letter says Capitol riot threatens to 'tarnish' administration's accomplishments Justice Dept. argues Trump should get immunity from rape accuser's lawsuit 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 PelosiDemocrats point fingers on whether Capitol rioters had inside help Pelosi suggests criminal charges for any lawmaker who helped with Capitol riot Pelosi mum on when House will send impeachment article to Senate MORE (D-Calif.). 

Senate Minority Leader Charles SchumerChuck SchumerBiden and the new Congress must protect Americans from utility shutoffs 'Almost Heaven, West Virginia' — Joe Manchin and a 50-50 Senate Democrats looking to speed through Senate impeachment trial MORE (D-N.Y.) last week named Bharat Ramamurti, a former aide to Sen. Elizabeth WarrenElizabeth WarrenPorter loses seat on House panel overseeing financial sector OVERNIGHT ENERGY: Nine, including former Michigan governor, charged over Flint water crisis | Regulator finalizes rule forcing banks to serve oil, gun companies | Trump admin adds hurdle to increase efficiency standards for furnaces, water heaters DeVos mulled unilateral student loan forgiveness as COVID-19 wracked economy: memo MORE (D-Mass.), to the panel, and House Minority Leader Kevin McCarthyKevin McCarthyGOP divided over Liz Cheney's future Democrats point fingers on whether Capitol rioters had inside help Pelosi suggests criminal charges for any lawmaker who helped with Capitol riot MORE (R-Calif.) tapped Rep. French HillJames (French) French HillOversight committee member questions Treasury Department's approval of 0M loan to shipping firm House Republicans who didn't sign onto the Texas lawsuit Mnuchin faces heat over coronavirus rescue loan to trucking company 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.