The Congressional Oversight Commission authorized to review the CARES Act programs issued its fourth report on August 21. The panel conducted an oversight hearing on the Main Street Lending Program (MSLP) on August 7 with Boston Fed President and CEO – the officer in charge of the MSLP – as a key witness. The Commissioners were uniformly critical of the program and its slow implementation, and those criticisms are clearly reflected in their August 21 report.

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