Weekly COVID-19 Oversight & Enforcement Report - May 2021
By EsqSocial Corporation 07/05/21
The Congressional Oversight Commission released its 12th report on April 30. The report focuses on a $700 million loan to trucking company Yellow Corporation (formerly known as YRC Worldwide) under the CARES Act loan program “for businesses critical to maintaining national security.” According to the report, the Commission had “concerns regarding the Treasury’s process for certifying Yellow as ‘critical to maintaining national security’ and questioned whether Yellow’s precarious financial...
By: WilmerHale