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Posted: 2020-03-24T21:37:28Z | Updated: 2020-03-24T21:37:28Z

As congressional Democrats hammer out a deal with the Trump administration over a bill that would allot $500 billion for the Treasury Department to bail out companies affected by the coronavirus pandemic, progressives are divided on the best strategy for shaping the final legislation.

House Speaker Nancy Pelosi (D-Calif.) has said the package, which would also provide less-controversial aid to hospitals and direct cash payments to households, will include the appointment of an inspector general and a congressionally appointed five-person panel to monitor the distribution of the funds.

Progressives active in corporate and economic policymaking have expressed everything from cautious optimism to outright hostility toward the bill. The more optimistic camp is focusing its energy on ensuring that oversight of the bailout funds is as robust as possible, while the more pessimistic contingent wants members of Congress to try to strip out the corporate giveaways or, barring that, kill the entire bill.

Indivisible, a network of liberal activists that arose in response to Donald Trump s election, said it was heartened by the prospect of formal oversight. The group is still demanding that companies that accept federal money adopt a $15-an-hour minimum wage and tough disclosure requirements on political giving, while also prohibiting executive bonuses, stock buybacks, dividends and other investor-targeted payouts until bailout money is repaid. And Indivisible wants strict provisions barring the distribution of bailout money to companies owned by Trump.

The bill cannot be a no-strings-attached taxpayer-funded giveaway to Donald Trump and his friends, said Meagan Hatcher-Mays, Indivisibles director of democracy policy.