This bill provides for increased oversight of American Rescue Plan activities relating to housing and small business.
The Office of the Special Inspector General for Pandemic Recovery (which is within the Department of the Treasury) shall conduct, supervise, and coordinate audits and investigations of such activities undertaken by Treasury, the Department of Housing and Urban Development (HUD), and the Department of Agriculture.
The Congressional Oversight Commission shall conduct oversight of implementation of such activities by Treasury and HUD.
HUD and other specified entities must testify on a quarterly basis before specified congressional committees regarding such activities.
To enhance oversight of the implementation of subtitles B and C of 
 title III of the American Rescue Plan Act of 2021 by the Secretary of 
 the Treasury and the Secretary of Housing and Urban Development, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. OVERSIGHT OF AMERICAN RESCUE PLAN ACTIVITIES.

    (a) Special Inspector General.--Section 4018(c)(3) of the 
Coronavirus Economic Stabilization Act of 2020 (15 U.S.C. 9053(c)(3)) 
is amended--
            (1) by striking ``shall also'' and inserting ``shall also--
        '';
            (2) by striking ``have the duties'' and inserting the 
        following:
                    ``(A) have the duties'';
            (3) by striking ``(5 U.S.C. App.).'' and inserting ``(5 
        U.S.C. App.); and''; and
            (4) by adding at the end the following:
                    ``(B) conduct, supervise, and coordinate audits and 
                investigations of activities undertaken by the 
                Secretary, the Secretary of Housing and Urban 
                Development, and the Secretary of Agriculture pursuant 
                to subtitles B and C of title III of the American 
                Rescue Plan Act of 2021 (and amendments made by such 
                subtitles).''.
    (b) Congressional Oversight Commission.--Section 4020(b)(1) of the 
Coronavirus Economic Stabilization Act of 2020 (15 U.S.C. 9055(b)(1)) 
is amended--
            (1) in subparagraph (B), by striking ``; and'' and 
        inserting a semicolon;
            (2) in subparagraph (C), by striking the period at the end 
        and inserting ``; and''; and
            (3) by adding at the end the following:
                    ``(D) conduct oversight of the implementation of 
                subtitles B and C of title III of the of the American 
                Rescue Plan Act of 2021 (and amendments made by such 
                subtitles) by the Department of the Treasury and the 
                Department of Housing and Urban Development.''.
    (c) Testimony.--Section 4026(c) of the Coronavirus Economic 
Stabilization Act of 2020 (15 U.S.C. 9060(c)) is amended--
            (1) by striking ``The Secretary'' and inserting ``The 
        Secretary, the Secretary of Housing and Urban Development,'';
            (2) by striking ``Department of the Treasury'' and 
        inserting ``Department of the Treasury, Department of Housing 
        and Urban Development, and''; and
            (3) by striking ``this Act'' and inserting ``this Act and 
        subtitles B and C of title III of the American Rescue Plan Act 
        of 2021 (and amendments made by such subtitles)''.
                                 <all>
To enhance oversight of the implementation of subtitles B and C of title III of the American Rescue Plan Act of 2021 by the Secretary of the Treasury and the Secretary of Housing and Urban Development, and for other purposes.
To enhance oversight of the implementation of subtitles B and C of title III of the American Rescue Plan Act of 2021 by the Secretary of the Treasury and the Secretary of Housing and Urban Development, and for other purposes.
Official Titles - House of Representatives
Official Title as Introduced
To enhance oversight of the implementation of subtitles B and C of title III of the American Rescue Plan Act of 2021 by the Secretary of the Treasury and the Secretary of Housing and Urban Development, and for other purposes.
Rep. McHenry, Patrick T.