,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #fcai ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #bc1 #bjbj,mr4 ,phillips introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to e/abli% a ,congressional ,,covid-#ai ,aid ,ov]sight ,panel1 to au?orize ! ,special ,inspector ,g5]al = ! ,tr\bl$ ,asset ,relief ,program to coord9ate audits & inve/igations 9 connection ) ! receipt ( ,f$]al aid relat$ to ,,covid-#ai1 & = o!r purposes4 #a4 ,congressional ,,covid-#ai ,aid ,ov]sight ,panel 7a7 ,e/abli%m5t ,!re is h]eby e/abli%$ ! ,congressional ,,covid-#ai ,aid ,ov]sight ,panel 7h]eaft] 9 ?is section ref]r$ to z ! ,ov]sight ,panel7 z an e/abli%m5t 9 ! legislative bran*4 7b7 ,duties ,! ,ov]sight ,panel %all review ! curr5t /ate ( ! f9ancial m>kets & ! regulatory sy/em & submit regul> reports to ,congress on ! foll[+3 7#a7 ,! use ( ,f$]al aid relat$ to ,,covid-#ai4 7#b7 ,! impact ( ,f$]al aid relat$ to ,,covid-#ai on ! f9ancial m>kets & f9ancial in/itutions4 7c7 ,memb]%ip 7#a7 ,9 g5]al ,! ,ov]sight ,panel %all consi/ ( #e memb]s1 z foll[s3 7,a7 ,"o memb] appo9t$ by ! ,speak] ( ! ,h\se ( ,repres5tatives4 7,b7 ,"o memb] appo9t$ by ! m9ority lead] ( ! ,h\se ( ,repres5tatives4 7,c7 ,"o memb] appo9t$ by ! majority lead] ( ! ,s5ate4 7,d7 ,"o memb] appo9t$ by ! m9ority lead] ( ! ,s5ate4 7,e7 ,"o memb] appo9t$ by ! ,speak] ( ! ,h\se ( ,repres5tatives & ! majority lead] ( ! ,s5ate1 aft] consultation ) ! m9ority lead] ( ! ,s5ate & ! m9ority lead] ( ! ,h\se ( ,repres5tatives4 7#b7 ,pay ,ea* memb] ( ! ,ov]sight ,panel %all ea* be paid at a rate equal to ! daily equival5t ( ! annual rate ( basic pay = level ,i ( ! ,executive ,s*$ule = ea* day 7includ+ travel "t7 dur+ :i* su* memb] is engag$ 9 ! actual p]=mance ( duties ve/$ 9 ! ,commission4 7#c7 ,prohibition ( comp5sation ( ,f$]al employees ,memb]s ( ! ,ov]sight ,panel :o are full-"t (fic]s or employees ( ! ,unit$ ,/ates or ,memb]s ( ,congress may n receive additional pay1 all[ances1 or b5efits by reason ( _! s]vice on ! ,ov]sight ,panel4 7#d7 ,travel exp5ses ,ea* memb] %all receive travel exp5ses1 includ+ p] diem 9 lieu ( subsi/5ce1 9 accordance ) applicable provisions "u sub*apt] ,i ( *apt] #eg ( title #e1 ,unit$ ,/ates ,code4 7#e7 ,quorum ,f\r memb]s ( ! ,ov]sight ,panel %all con/itute a quorum b a less] numb] may hold he>+s4 7#f7 ,vacancies ,a vacancy on ! ,ov]sight ,panel %all be fill$ 9 ! mann] 9 :i* ! orig9al appo9tm5t 0 made4 7#g7 ,meet+s ,! ,ov]sight ,panel %all meet at ! call ( ! ,*airp]son or a majority ( its memb]s4 7d7 ,/aff 7#a7 ,9 g5]al ,! ,ov]sight ,panel may appo9t & fix ! pay ( any p]sonnel z ! ,ov]sight ,panel consid]s appropriate4 7#b7 ,exp]ts & consultants ,! ,ov]sight ,panel may procure tempor>y & int]mitt5t s]vices "u section #caji7;b7 ( title #e1 ,unit$ ,/ates ,code4 7#c7 ,/aff ( ag5cies ,^u reque/ ( ! ,ov]sight ,panel1 ! head ( any ,f$]al dep>tm5t or ag5cy may detail1 on a reimbursable basis1 any ( ! p]sonnel ( t dep>tm5t or ag5cy to ! ,ov]sight ,panel to assi/ x 9 c>ry+ out its duties "u ?is ,act4 7e7 ,p[]s 7#a7 ,he>+s & sessions ,! ,ov]sight ,panel may1 = ! purpose ( c>ry+ out ?is section1 hold he>+s1 sit & act at times & places1 take te/imony1 & receive evid5ce z ! ,panel consid]s appropriate & may adm9i/] oa?s or affirmations to witnesses appe>+ be=e x4 7#b7 ,p[]s ( memb]s & ag5ts ,any memb] or ag5t ( ! ,ov]sight ,panel may1 if au?oriz$ by ! ,ov]sight ,panel1 take any action :i* ! ,ov]sight ,panel is au?oriz$ to take by ?is section4 7#c7 ,obta9+ ,(ficial ,data ,! ,ov]sight ,panel may secure directly f any dep>tm5t or ag5cy ( ! ,unit$ ,/ates in=mation necess>y to enable x to c>ry out ?is section4 ,^u reque/ ( ! ,*airp]son ( ! ,ov]sight ,panel1 ! head ( t dep>tm5t or ag5cy %all furni% t in=mation to ! ,ov]sight ,panel4 7#d7 ,reports ,! ,ov]sight ,panel %all receive & consid] all reports requir$ to be submitt$ to ! ,ov]sight ,panel "u ?is ,act4 7f7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,ov]sight ,panel su* sums z may be necess>y = any fiscal ye>1 half ( :i* %all be d]iv$ f ! applicable acc\nt ( ! ,h\se ( ,repres5tatives1 & half ( :i* %all be d]iv$ f ! cont+5t fund ( ! ,s5ate4 7g7 ,def9itions ,9 ?is section3 7#a7 ,,covid-#ai em]g5cy ,! t]m ,,covid-#ai em]g5cy means ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ! date on :i* ! ,securities & ,ex*ange ,commission det]m9es t ! impact ( ,,covid-#ai on ! ,am]ican f9ancial sy/em has end$4 7#b7 ,f$]al aid ,! t]m ,f$]al aid means any em]g5cy l5d+ provid$ "u section #ac7c7 ( ! ,f$]al ,res]ve ,act or any ,f$]al f9ancial support 9 ! =m ( a grant1 loan1 or loan gu>antee4 #b4 ,special ,inspector ,g5]al au?ority ov] ,f$]al aid relat$ to ,,covid-#ai ,section #aba ( ! ,em]g5cy ,economic ,/abilization ,act ( #bjjh 7#ab ,u4,s4,c4 #ebca7 is am5d$-- 7#a7 9 subsection 7k7-- 7,a7 9 p>agraph 7#a71 by /rik+ or at ! end2 7,b7 9 p>agraph 7#b71 by /rik+ ! p]iod at ! end & ins]t+ 2 or2 & 7,c7 by add+ at ! end ! foll[+3 7#c7 ! date on :i* all ,f$]al aid relat$ to ! ,,covid-#ai em]g5cy is repaid4 2 & 7#b7 by add+ at ! end ! foll[+3 7l7 ,responsibility ) respect to ,f$]al aid relat$ to ,,covid-#ai 7#a7 ,9 g5]al ,! ,special ,inspector ,g5]al %all h ! same au?ority & responsibilities ) respect to ,f$]al aid relat$ to ,,covid-#ai z ! ,special ,inspector ,g5]al has ) respect to f9ancial assi/ance 7includ+ ! pur*ase ( tr\bl$ assets7 provid$ "u ?is title4 7#b7 ,def9itions ,9 ?is section3 7,a7 ,,covid-#ai em]g5cy ,! t]m ,,covid-#ai em]g5cy means ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ! date on :i* ! ,securities & ,ex*ange ,commission det]m9es t ! impact ( ,,covid-#ai on ! ,am]ican f9ancial sy/em has end$4 7,b7 ,f$]al aid ,! t]m ,f$]al aid means any em]g5cy l5d+ provid$ "u section #ac7c7 ( ! ,f$]al ,res]ve ,act or any ,f$]al f9ancial support 9 ! =m ( a grant1 loan1 or loan gu>antee4 4