Report

SIGPR: Quarterly Report to Congress

U.S. Treasury department building

In its quarterly report to Congress, SIGPR reports the dollar amount of loans that have thus far been issued under pandemic recovery programs through the Fed and Treasury, and makes two administrative recommendations.

In its quarterly report to Congress, SIGPR reports the dollar amount of loans that have thus far been issued under pandemic recovery programs through the Fed and Treasury, and makes two new recommendations:

- that Congress amend the CARES Act, or otherwise agree, to allow SIGPR to submit its quarterly reports to Congress no later than 30 days after the end of a calendar quarter.

- again, that Congress take up S.3751, the Special Inspector General for Pandemic Recovery Expedited Hiring Authorities Act of 2020, sponsored by Senator Grassley.

This report includes a letter from SIGPR to Treasury General Counsel Brian Callanan, requesting written communications between Sen. Ted Cruz and then-Treasury Secretary Steven Mnuchin and including a list of questions about the program changes and Cruz and Mnuchin’s roles. This letter was written after a Wall Street Journal investigation citing BailoutWatch found that Cruz requested changes to the Main Street Lending Program for oil and gas companies that later directly benefitted his political donors.

The Office of the Special Inspector General for Pandemic Recovery (SIGPR) was established by the CARES Act to provide oversight of CARES Act activities. The current Special Inspector General Brian D. Miller, was confirmed in this role by the Senate on June 2nd, 2020. You can read the office's initial report to Congress here.