I will just have to take Schumer's word for it. From The HIll
Senate Minority Leader Charles Schumer (D-N.Y.) on Monday praised the choice of Department of Defense Acting Inspector General Glenn Fine to head the oversight of a $454 billion corporate lending facility that Democrats have panned as a corporate “slush fund.”
“Glenn Fine has a good reputation as a tough federal prosecutor and former [Department of Justice] Inspector General, and must exercise his full oversight authority to ensure that the Trump administration implements the CARES Act as intended,” Schumer said in a statement.
The $2 trillion CARES Act that Congress passed last week to respond to the coronavirus crisis gives Treasury Secretary Steven Mnuchin and the Federal Reserve broad authority to make loans and set up credit facilities for a range of corporations.
Democrats insisted on setting up an inspector general and a five-member congressional oversight committee to review lending and credit decisions, sparking friction with the administration.
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Posted: 03/30/2020 at 3:09PM