Senate Minority Leader Chuck Schumer announced Monday he has appointed former top Elizabeth Warren aide Bharat Ramamurti to serve on a special congressional panel that will oversee the distribution of $500 billion in federal loans to businesses hurt by the coronavirus outbreak.
Schumer also said he’s doubtful President Trump’s pick to serve as inspector general over the loans can truly be independent.
Ramamurti is a longtime aide to Warren, a Massachusetts Democrat. Ramamurti most recently worked on Warren’s presidential campaign as deputy policy director for economic policy. Ramamurti also served in the Senate as Warren’s senior counsel on banking and economic policy and fought against lifting Obama-era financial regulations.
“Mr. Ramamurti brings a wealth of oversight experience and expertise,” Schumer said Monday.