Washington, D.C. - The bipartisan Congressional Oversight Commission will hold its first public hearing on Friday, August 7th beginning at 10:00 AM ET.

The commissioners will examine and hear testimony regarding the Main Street Lending Program established by the Treasury Department and Federal Reserve, pursuant to the CARES Act.

During the hearing, the Congressional Oversight Commission will hear from two panels.

  • Panel 1:
    • Eric Rosengren, President and CEO - Federal Reserve Bank of Boston (bio)
  • Panel 2:
    • Lauren Anderson, Senior VP and Associate General Counsel - Bank Policy Institute (bio)
    • Tom Bohn, CEO - Association for Corporate Growth (bio)
    • Vince Foster, Executive Chairman - Main Street Capital Corporation (bio)
    • Gwen Mills, Secretary-Treasurer - UNITE HERE (bio)

The public and members of the media will be able to stream the hearing via the Congressional Oversight Commission's website and YouTube page. Archived video will be available shortly after the hearing concludes. Witness testimony will be available on the website at the start of the hearing.

What: Congressional Oversight Commission Hearing Examining the Federal Reserve's Main Street Lending Program

When: Friday, August 7th at 10:00 AM ET

Where: Congressional Oversight Commission's website and YouTube page

The Congressional Oversight Commission is a five-person panel that was established by the CARES Act. The Commission is focused specifically on the economic stabilization efforts of the Treasury Department and the Federal Reserve. The members of the commission are Senator Pat Toomey (R-Pa.), Congresswoman Donna Shalala (D-Fla.), Congressman French Hill (R-Ark.), and Bharat Ramamurti. The Commission's chairperson has not been appointed yet. The Commission has released three reports, all of which are available for review at the Congressional Oversight Commission's website.