Sec. 110901. Mandatory reports to Congress
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Section 4026(b)(1)(A)(iii) of the CARES Act ( Public Law 116–136 ) is amended— in subclause (IV)— by inserting and the justification for such exercise of authority after authority ; and by striking and at the end; in subclause (V), by striking the period at the end and inserting ; and ; and by adding at the end the following: the identity of each recipient of a loan or loan guarantee described in subclause (I); the date and amount of each such loan or loan guarantee and the form in which each such loan or loan guarantee was provided; the material terms of each such loan or loan guarantee, including— duration; collateral pledged and the value thereof; all interest, fees, and other revenue or items of value to be received in exchange for such loan or loan guarantee; any requirements imposed on the recipient with respect to employee compensation, distribution of dividends, or any other corporate decision in exchange for the assistance; and the expected costs to the Federal Government with respect to such loans or loan guarantees. .
Section 4018 of the CARES Act ( Public Law 116–136 ) is amended by adding at the end the following: Not later than 7 days after the last day of each month, the Secretary shall submit to the Special Inspector General, the Committee on Financial Services of the House of Representatives, and the Committee on Banking, Housing, and Urban Affairs of the Senate a report that includes the information specified in subparagraphs
(A)through
(E)of subsection (c)(1) with respect to the making, purchase, management, and sale of loans, loan guarantees, and other investments made by the Secretary under any program established by the Secretary under this Act. .
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Sec. 110901
Mandatory reports to Congress
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