President Donald Trump said on Friday that he has no intention to comply to a portion of the $2 trillion coronavirus stimulus bill which requires an inspector general to oversee how $500 billionloans will be handed out.
The $2 trillion coronavirus stimulus bill is by far the largest bill ever passed in American history. While Liberals weren’t looking, Trump told them the United States Government would rush $300 billion in direct aid Americans while secretly sneaking in $500 million in aid for big businesses and large companies.
That bill also establishes a Special Inspector General for Pandemic Recovery (SIGPR) within the Treasury Department to audit and investigate half a trillion dollars in loans for large businesses. During the signing, which Democrats were not invite to, Trump said that this provision raises “constitutional concerns,” adding that his administration would not comply with such an official’s request for documents.
“I do not understand, and my Administration will not treat, this provision as permitting the SIGPR to issue reports to the Congress without the presidential supervision required by the Take Care Clause,” part of Article II Section 3 of the Constitution that states a sitting president “shall take care that the laws be faithfully executed.” This seems to suggest the administration believes it is the president’s duty and not that of an inspector general to ensure the funds are distributed as the law intends.
The special inspector general, as authorized within the bill, would be able to request information from government agencies and report on failures to comply with those information requests. In his signing statement, Trump essentially stated that he will not let such reports reach Congress without his approval, which many fear directly undermines the provision’s goal of maintaining transparency in how that fund is handled.
This is another example of President Donald Trump protecting our big business interests.