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"We Had Our Hand in the Cookie Jar": The Trump Administration's $700 Million "National Security" Loan to Yellow Corporation
House Committee on Oversight and Reform ; Select Subcommittee on the Coronavirus Crisis
House Committee on Oversight and Reform
Select Subcommittee on the Coronavirus Crisis
Abstract
The Select Subcommittee on the Coronavirus Crisis of the House Committee on Oversight and Reform conducted an investigation into the Trump Administration's $700 million loan to Yellow Corporation under the CARES Act. This loan accounted for 95% of the funds allocated for this program. The subcommittee initiated the investigation due to concerns about Yellow's eligibility and potential fund misuse. The report presents evidence suggesting the White House and President Trump influenced decisions that violated CARES Act requirements for loan terms.
Date
2022-04-27
Document Type
House Staff Report
Serial Number
Document Length
32 pages
Congress
117
Relation
DOI
Keywords
Staff Reports
PAP Major Code
15: Banking, Finance, and Domestic Commerce
PAP Minor Code
1523: Domestic Disaster Relief