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Office testified. This isan hour and 20 minutes. I thank everybody for joining us today. Both virtually and in the hearing room. And also like to thank the witnesses for their participation in this important and timely oversight hearing. Before we begin id like to take this opportunity to note some important requirements. Let me begin by saying that Standing Health and Committee Roles at practice will continue to apply during hybrid proceedings. All members are reminded that theyre expected to adhere to these standing rules and put in a courtroom. During the period designated by the speaker th...

Decorum. During the covered period designated by the speaker the committee will operate in accordance with House Resolution 965 and the subsequent guidance from the rules committee in a manner that respects the rights of all members to participate. Please keep your cameras on. Also please remember to remain muted until you are recognized to minimize background noise. If you must participate in another proceeding, please exit this one and log back in later. In the event a member encounters technical issues that prevent from being recognized for their question i will move to the next member of t...

Mr. Secretary, please call the roll. [laughter]. Thank you, madame chair. Prior to calling roll, i would like to note that julie chang is sitting in as director. With that i will now proceed to call roll. Directors, please respond when i call your name. Chang present. E. Forbes present. M. Hursh present. B. Lipkin present. J. Tumlin present. Vice chair gee present. Chair sesay present. Secretary directors, we have a quorum. Chair sesay and secretary, if i may just a point of clarification, this is a regular meeting, not a special meeting, just a point of clarification for the record. Chair ses...

For the Government Accountability office. Guest thank you for having me. Host tell us why the gao did this report. Guest the cares act passed in verch required us to ha oversight of the funding and activities of the federal government, specifically it requires us to provide oversight of the governments efforts to respond to and recover from covid19. And it includes us assessing the impact of covid19 on Public Health, as well as at the economy, as well as track the funding and use of the funding. The act requires us to report everything, starting 90 days after an accident, so the june report wa...

Asset Relief Program that provided assistance to the Financial Sector after the Global Financial crisis, we were required to provide ongoing oversight and issue a report every 60 days. We have experience and we have built on that experience to hit the ground running to provide immediate oversight and help ensure accountability and transparency how the funds are being used. Host lets look at the overall numbers, 2. 57 trillion in spending and the measures passed by Congress Come here are the figures on each of those packages. The ppe, Paycheck Protection Program, 670 billion, the treasured the ...