"We Had Our Hand in the Cookie Jar": The Trump Administration's $700 Million "National Security" Loan to Yellow Corporation
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Serial Number
Levin Center Identifier
Document Date
2022-04-27
Report Length
32 pages
Policy Agendas Project Major Code
Policy Agendas Project Minor Code
Additional, Minority, Dissenting Views
Report Type
Found Using Methodology
Yes
Committee(s)
Subcommittee(s)
Commission(s)
Idependent Author(s)
Brief Executive Summary
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.