Senate Hearing on CARES Act Oversight (May 2020)
January 1, 2022
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The Frame
The hearing established the formal process for the distribution of federal economic relief funds authorized under the CARES Act during the COVID-19 pandemic.
Potentially affected actors named in the source documents. Mention is not a position.
Department of the Treasury
The agency is required to provide testimony and written responses regarding the implementation of CARES Act programs.
Federal Reserve System
The agency is required to provide testimony and written responses regarding its role in CARES Act economic relief measures.
U.S. Senators
Members of the Banking Committee are responsible for the oversight and questioning of executive branch officials regarding the CARES Act.
Last recorded activity January 1, 2022.
Next step not available in the current record.
Summary
Key Facts
- The hearing was held on May 19, 2020, via videoconference.
- The hearing was conducted to fulfill oversight requirements under Title IV of the CARES Act.
- Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell provided testimony.
- The committee established a hard stop for the hearing at 12:15 p.m.
- The document includes written responses to questions from 18 different Senators for the Treasury Secretary and 17 Senators for the Federal Reserve Chairman.
- Additional materials were submitted for the record by CUNA (Credit Union National Association) and NAM (National Association of Manufacturers).
Frequently Asked Questions
What was the purpose of this hearing?
Who testified at this hearing?
Why It Matters
The hearing established the formal process for the distribution of federal economic relief funds authorized under the CARES Act during the COVID-19 pandemic.
News Coverage
Lobbying Activity
Cleveland Clinic Foundation
on behalf of The Cleveland Clinic Foundation
2022
“Appropriations Hospital at Home Telehealth Workforce shortage Pediatric mental health Urging Congress to generally take into account increased labor costs and impact of inflation on hospitals ARPA-H World Trade Center Health Program Cybersecurity Laboratory Developed Tests (LDTs) Preserving 340B White Bagging Food insecurity/USDA issues Forensic nursing Prevent Pandemics Act Climate policy and health care ”
(C) MANAGEMENT INC.
on behalf of Association of Community Cancer Centers
2019
“ACCC advocated to the US House of Representatives and US Senate on the following issues: (1) passage of a federal oral parity bill in US Congress in support of H.R. 1730 (Cancer Drug Parity Act of 2019) and S. 741 (Cancer Drug Parity Act of 2019) to see the same out of pocket cost sharing for oral chemotherapy as IV chemotherapy and (2) passage of H.R. 913 CLINICAL TREATMENT Act in support of Medicaid funding for routine care costs for cancer patients in clinical trials.”
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Remote Governance Shift
The document explicitly notes the transition to videoconferencing for Senate hearings due to the 2020 pandemic environment.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment20Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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