The COVID-19 Congressional Oversight Commission (COC) is an oversight body in the United States created by the CARES Act. They will report to Congress every 30 days on how the Department of the Treasury and the Federal Reserve Board manage the funds until September 30, 2025.[1][2] These reports will assess:[2]
- The economic impact the disbursements have on the populace, financial markets, and financial institutions
- The transparency of how the money is used
- The long-term costs and benefits to taxpayers taking on loans made by the legislation
- ^ Straus, Jacob R.; Egar, William T. (April 2, 2020). "COVID-19 Congressional Oversight Commission (COC)". Congressional Research Service. Retrieved April 17, 2020.
- ^ a b Ervin, Clark; Daum, Margaret; Arianina, Kristina; Morris, Patrick (March 27, 2020). "An Overview of Oversight for COVID-19 Relief". Law360. Retrieved April 18, 2020.