Filed Under: Main Street Lending Program

News, analysis, and data about the bailout.

Browse Other Topics:

Main Street Lending program fossil fuels versus clean energy

Analysis

Oil & Gas Dominates in "Main Street" Lending Program

Dec 16, 2020

New data shows that 46 fossil fuel companies have received Fed-subsidized loans since July, as the MSLP is set to expire on December 31st.

Bharat Ramamurti is a member of the oversight commission charged by Congress to monitor how the Treasury Department and Federal Reserve are managing COVID-19 recovery dollars.

Oct 29, 2020 Report

Congressional Oversight Commission: Sixth Report

In its sixth report, the Commission provides updates on government lending programs, and asks for more disclosure transparency from the Fed.

Oct 21, 2020 Analysis

Fed-backed loans to fossil fuels jump

Oil and gas fought for looser lending terms so more of them could tap the Fed’s Main Street Lending Program. New data show their lobbying paid off.

Mar 01, 2021 Data

Main Street Lending Program Loan Recipients

Federal Reserve purchases of loans to oil and gas companies exploded in December, increasing by $1.12 billion and continuing the MSLP's disproportionately favorable support of fossil fuels. Companies rushed to take advantage of the lending program before its sunset at the end of 2020. Nearly 13% of the loans purchased by the Main Street Lending Program were issued to fossl fuels, compared to just 1% for clean energy. As of December 31st, outstanding loans to oil and gas companies totaled $2.22 billion.

Aug 21, 2020 Report

Congressional Oversight Commission: Fourth Report

In its fourth report, the Commission makes recommendations on the implementation of the Main Street Lending Program, which had so far issued loans totaling only $496.8 million.