Source: United States House of Representatives – Representative Dean Phillips (MN-03)
March 28, 2020
Phillips helped secure key legislation that mandates a Congressional Oversight Commission for a $500 billion fund
WASHINGTON, D.C. – Just hours after signing a historic $2.2 trillion stimulus package, President Trump announced that he would attempt to reject certain elements the bill, including provisions introduced by Rep. Dean Phillips (MN-03) mandating oversight over the spending, including a five-person Congressional Oversight Commission for the $500 billion Treasury Department fund.
“This is the most significant distribution of taxpayer money in human history. Everybody in this country, Republicans, Democrats, and independents agree – we want to see our tax dollars used effectively, efficiently and with accountability and oversight,” Phillips said during an interview with Alex Witt on MSNBC.
Congressman Phillips advocated for greater oversight and accountability over a $500 billion Treasury Department fund for large businesses and state and local governments, and introduced a bill, the COVID-19 Congressional Oversight Panel (COP) Act, that ultimately was included in the final legislation. The mechanism creates a five-person Congressional Oversight Commission and Special Inspector General to increase transparency, prevent corruption and ensure taxpayer dollars are used efficiently and effectively.