549 O:\HEN\HEN20312.xml [file 1 of 2] S.L.C. tion 3(e) of the Inspector General Act of 1978 (5 1U.S.C. App.). 2(c) DUTIES.— 3(1) IN GENERAL.—It shall be the duty of the 4Special Inspector General to, in accordance with sec-5tion 4(b)(1) of the Inspector General Act of 1978 (5 6U.S.C. App.), conduct, supervise, and coordinate au-7dits and investigations of the making, purchase, 8management, and sale of loans, loan guarantees, and 9other investments made by the Secretary of the 10Treasury under any program established by the Sec-11retary under this Act, and the management by the 12Secretary of any program established under this Act, 13including by collecting and summarizing the fol-14lowing information: 15(A) A description of the categories of the 16loans, loan guarantees, and other investments 17made by the Secretary. 18(B) A listing of the eligible businesses re-19ceiving loan, loan guarantees, and other invest-20ments made under each category described in 21subparagraph (A). 22(C) An explanation of the reasons the Sec-23retary determined it to be appropriate to make 24each loan or loan guarantee under this Act, in-25
550 O:\HEN\HEN20312.xml [file 1 of 2] S.L.C. cluding a justification of the price paid for, and 1other financial terms associated with, the appli-2cable transaction. 3(D) A listing of, and detailed biographical 4information with respect to, each person hired 5to manage or service each loan, loan guarantee, 6or other investment made under section 4003.
The language in the bill does give the Secretary of Treasury the ruling authority, not the chairman of the Fed.
This happens to coincide with the money still at treasury from the gigantic Bills just passed. Let's hope this is part of the plan and I believe it is with all the noise coming out about the other administration to distract from the real fight that's about to happen. To date no one has wagged the dog like POTUS