Allentown, Pa. - Today, U.S. Senator Pat Toomey (R-Pa.) was selected by Senate Majority Leader Mitch McConnell (R-Ky.) to serve on the Congressional Oversight Commission.
The Congressional Oversight Commissionis 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.
Senator Toomey commented as follows:
"I appreciate Leader McConnell's confidence in appointing me to the Congressional Oversight Commission. The Treasury Department and the Federal Reserve are being entrusted with enormous resources and authority to stabilize the economy. As a commissioner, my goal will be to protect the taxpayers by ensuring those resources are used in an appropriate, equitable, and pro-growth manner."
You may view Leader McConnell's announcement appointing Senator Toomey to the Congressional Oversight Commission here.