Home music industry Congress approves retired General Joe Dunford to chair committee overseeing loan programs

Congress approves retired General Joe Dunford to chair committee overseeing loan programs

6
0

Retired Marine Corps General Joe Dunford previously served as Chairman of the Joint Chiefs of Staff.


Photo:

United States Joint Chiefs of Staff / Zuma Press

WASHINGTON – Retired General Joe Dunford is the leading candidate for chair of an oversight committee tasked with overseeing the government’s $ 500 billion loan effort to combat the economic fallout from the coronavirus pandemic, according to people familiar with the matter.

The choice, made by House Speaker

Nancy Pelosi

(D., Calif.) And Senate Majority Leader Mitch McConnell (R., Ky.), Is not yet final. General Dunford, who served as chairman of the Joint Chiefs of Staff, is still being vetted and his selection could be announced once that process is complete, the people said.

The five-member group he would oversee is tasked with overseeing how the Treasury distributes the $ 500 billion provided by Congress to establish loan programs. Most of the money is spent on write-offs in programs run by the Federal Reserve to support cities, states and businesses.

Panel members include two Republican lawmakers, Senator Pat Toomey (R., Pa.) And Representative French Hill (R., Ark.), One Democratic lawmaker, Representative Donna Shalala (D., Florida) and Bharat Ramamurti, a former assistant to Senator Elizabeth Warren (D., Mass.).

The commission has issued two professional reports since its inception, and the selection of a retired military officer – in this case a Marine Corps general – could represent an effort to maintain the bipartisan and constructive approach the panel attempted. to adopt so far.

General Dunford has joined the board of directors of

Lockheed Martin Corp.

in February.

Write to Nick Timiraos at [email protected] and Andrew Duehren at [email protected]

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


Source link