Sec. 2. Special Inspector General authority over Federal aid related to COVID–19
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Section 121 of the Emergency Economic Stabilization Act of 2008 ( 12 U.S.C. 5231 ) is amended— in subsection (k)— in paragraph (1), by striking or at the end; in paragraph (2), by striking the period at the end and inserting ; or ; and by adding at the end the following: the date on which all Federal aid related to the COVID–19 emergency is repaid. ; and by adding at the end the following: The Special Inspector General shall have the same authority and responsibilities with respect to Federal aid related to COVID–19 as the Special Inspector General has with respect to financial assistance (including the purchase of troubled assets) provided under this title.
In this section: The term COVID–19 emergency means the period beginning on the date of enactment of this Act and ending on the date on which the Securities and Exchange Commission determines that the impact of COVID–19 on the American financial system has ended. The term Federal aid means any emergency lending provided under section 13(3) of the Federal Reserve Act or any Federal financial support in the form of a grant, loan, or loan guarantee. .
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Sec. 2
Special Inspector General authority over Federal aid related to COVID–19
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