Brady, Comer Demand Transparency for $150 Billion in CARES Act Funding Provided to State and Local Governments

Call on Secretary Yellen, Treasury Inspector General to Investigate Funding Distribution
February 5, 2021 — Coronavirus Bulletin    — Press Releases   

WASHINGTON – The top Republican on the Ways and Means Committee Kevin Brady (R-TX) and the top Republican on the House Committee on Oversight and Reform Ranking Member James Comer (R-KY) today wrote U.S. Department of Treasury Secretary Janet Yellen and Treasury Deputy Inspector General Richard Delmar calling for accountability and transparency regarding the Coronavirus Relief Fund (CRF), part of the CARES Act.

Congress created and appropriated $150 billion to the CRF to cover pandemic related expenses for state and local governments, territories, tribal governments, and the District of Columbia. Congress needs to fully understand how much of the funds paid out to states and localities have been used for their intended pandemic related purposes. Congress and the U.S. Treasury owe it to the American taxpayer to make clear whether funds used met the letter of the law.

Economists on all sides of the aisle agree that any further relief needs to be targeted. If the President is insistent that Congress needs to spend nearly $2 trillion, let’s first find out how much of that is being hoarded by states at the expense of helping to create jobs for families and Main Street businesses,” said Republican Leader Brady.

Congress already has provided billions of taxpayer dollars to state and local governments and it remains unclear how the money has been used and how much remains to be spent. Before Democrats attempt to provide hundreds of billions more to locked-down and poorly managed liberal states, Congress needs all of the facts first to prevent government waste and abuse of taxpayer dollars. The American people must have transparency within the federal bureaucracy and accountability for how their taxpayer dollars are spent, especially now given the price tag of each coronavirus relief bill,” said Republican Leader Comer.

The full letter Treasury Secretary Janet Yellen is available here.

The full letter to Treasury Deputy Inspector General Richard Delmar is available here.

SUBCOMMITTEE: Oversight