On Tuesday, July 28, Partner Neil M. Barofsky will testify at a hearing before the US Senate Committee on Homeland Security and Governmental Affairs. The goal of the hearing is to provide oversight of the various financial relief packages Congress has passed in an effort to assist Americans affected by COVID-19. Mr. Barofsky will discuss the relief programs’ effectiveness, his thoughts on how the oversight can be improved, and potential legislation that Congress should take into account as it considers authorizing additional programs and funding. The hearing will take place via videoconference and will begin at 10 am ET.
As head of Jenner & Block’s COVID-19 Response Team, Mr. Barofsky counsels clients on how to navigate the crisis and the government’s response to the global pandemic. He draws upon his time as the Special Inspector General of the Troubled Asset Relief Program, where he established and supervised the audit division that oversaw financial assistance provided to corporations after the 2008 financial crisis, and provided real-time advice and oversight as the US Department of Treasury developed and implemented many of the TARP programs. Mr. Barofsky also created and oversaw its law enforcement division, which conducted the criminal and civil investigations of those who abused the bailouts, and helped provide transparency through his testimony dozens of times to Congress.
To read Mr. Barofsky’s testimony, please click here.