The AFR Education Fund submitted comments to the Federal Reserve on six of its emergency funding facilities — the Primary and Secondary Market Corporate Credit Facilities, the Municipal Liquidity Facility, the Main Street New and Extended Lending Facilities, and the Term Asset Lending Facility. Together, these facilities could deploy up to $2.3 trillion in new credit to the economy during the pandemic crisis period.
Without major changes these facilities will not be effective in getting assistance to those most impacted by the crisis, and disclosure and transparency regarding specific borrowers and loan terms is lacking. Our comment provides specific recommendations to address these issues.
The full comment can be found and downloaded here: