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1 1 (January 6, 2022)

handle is hein.crs/govegvr0001 and id is 1 raw text is: s@Congressional ____ R' fesearch Service COVID-19 Congressional Oversight Commission (COC) Updated January 6, 2022 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 conduct[s] oversight of the implementation of this subtitle by the Department of the Treasury and the Board of Governors of the Federal Reserve System, reports to Congress on the Treasury Secretary's and the Federal Reserve Board of Governors' actions, and reviews the federal government's implementation of the act. Through January 3, 2022, the COC has issued 20 reports. Is the COC a Congressional 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. As enacted, the COC meets the five criteria outlined above, as shown in Table 1. Table I. Comparison of Congressional Advisory Commission Criteria and the Congressional Oversight Commission (COC) Criteria COC Language Establishment There is hereby established the Congressional Oversight Commission ... as an establishment in the legislative branch. (§4020(a)) Exists Temporarily The Oversight Commission shall terminate on September 30, 2025. (§4020(f)) Congressional Research Service https://crsreports.congress.gov IN11304 CRS INSIGHT Prepared for Members and Committees of Congress