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1 1 (April 2, 2020)

handle is hein.crs/govctzq0001 and id is 1 raw text is: Researh Sevice COVID-19 Congressional Oversight Commission (COC) April 2, 2020 On March 27, 2020, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law (P.L. 116-136). Section 4020 of Title IV, Subtitle A, the Coronavirus Economic Stabilization Act of 2020, established a five-member Congressional Oversight Commission (COC) as one of several oversight mechanisms. The COC is to conduct oversight of the implementation of this subtitle by the Department of the Treasury and the Board of Governors of the Federal Reserve System, report to Congress on the Treasury Secretary's and the Federal Reserve Board of Governors' actions, and review the federal government's implementation of the act. Congressional Commissions As constructed, the COC can be considered a congressional advisory commission. A congressional advisory commission is generally defined as a multimember independent entity that (1) is established by Congress, (2) exists temporarily, (3) serves in an advisory capacity, (4) is appointed in part or whole by Members of Congress, and (5) reports to Congress. This definition differentiates a congressional commission from a presidential commission, an executive branch commission, or other bodies with commission in their names (e.g., the Federal Election Commission), while including most entities that fulfill the role commonly perceived for congressional commissions: namely, studying policy issues and reporting findings to Congress. Is the COC a Congressional Commission? As enacted, the COC meets the five criteria outlined above, as shown in Table 1. Congressional Research Service https://crsreports.congress.gov IN11304 CRS INSIGHT Prepaed for Membeivs and Cornm ittees o4 Cor~qress --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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