President Donald Trump declared that “I’ll be the oversight” as lawmakers were in the final days of drafting what became a $2.2 trillion rescue plan for American businesses. In the end, Congress ensured that won’t be the case.
The legislation, designed in part to help businesses and corporations hammered by closures due to the coronavirus pandemic, creates multiple layers of accountability for the billions of dollars in loans, grants and direct cash that will soon flow from the federal government. The House is expected to pass it Friday and send it to Trump for his signature.