Exhibit 795 ยท Statute
Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Public Law 116-136, sections 4003, 4019, 4020 and 4026
no covered entity may be eligible for any transaction described in section 4003
Sec. 4003(b)(4) makes up to $454,000,000,000 of Treasury funds available for loans and investments in Fed section 13(3) facilities. Sec. 4019 (Conflicts of Interest) bars any "covered entity" (an entity in which the President, Vice President, an executive department head, a Member of Congress or a spouse, child, son-in-law or daughter-in-law holds at least 20 percent) from sec. 4003 transactions and requires certification. Sec. 4020 creates the Congressional Oversight Commission. Sec. 4026(b)(2) requires the Board to report to the Senate Banking and House Financial Services committees within 7 days of authorizing a facility and every 30 days, and to publish the reports. Sec. 4019 does not address Fed vendors.
- Source
- U.S. Congress
- Date
- 27 March 2020
- Quoted from
- Sec. 4019(b), 134 Stat. 486
- Grade
- Primary record
- Document
- https://www.govinfo.gov/content/pkg/PLAW-116publ136/html/PLAW-116publ136.htm
- Accessed
- 2026-11-09
- Cited by
- Findings citing this exhibit