1. Short title This Act may be cited as the COVID-19 Funding Accountability Act of 2020 . 2. Purpose The purpose of this Act is to ensure that the Federal authority and assistance that is extended to private entities in response to the outbreak of the Coronavirus Disease 2019 (referred to in this Act as COVID-19 ) is used in a manner that— (1) promotes economic sustainability of severely distressed sectors of the United States economy; (2) promotes retention of jobs for working Americans and maximizes overall returns to the taxpayers of the United States; and (3) provides public accountability for the exercise of such Federal authority and assistance. 3. Definitions In this Act: (1) Appropriate committees of congress The term appropriate committees of Congress means— (A) the Committee on Appropriations, the Committee on the Budget, the Committee on Commerce, Science, and Transportation, the Committee on Finance, the Committee on Banking, Housing, and Urban Affairs, and the Committee on Small Business and Entrepreneurship of the Senate; and (B) the Committee on Appropriations, the Committee on the Budget, the Committee on Energy and Commerce, the Committee on Financial Services, and the Committee on Ways and Means of the House of Representatives. (2) Congressional support agencies The term congressional support agencies means— (A) the Congressional Budget Office; and (B) the Joint Committee on Taxation. (3) COVID-19 relief program The term COVID-19 Relief Program means initiatives established or implemented by Federal officials in accordance with— (A) the Coronavirus Preparedness and Response Supplemental Appropriations Act ( Public Law 116–123 ); (B) the Families First Coronavirus Response Act ( Public Law 116–127 ); (C) the Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act ), H.R. 748 (116th Congress)