; or (C) a part of an ongoing criminal investigation. (4) Requirement Any reports required under this section shall also be submitted to the Congressional Oversight Panel established under section 9. (g) Funding Of the amounts made available to the Secretary of the Treasury in fiscal year 2021, $50,000,000 shall be available to the Special Inspector General to carry out this section and shall remain available until expended. (h) Termination Any oversight, reporting, or audit requirement under this section shall terminate on the date that is 1 year after the termination date described in section 4(h). 9. Congressional Oversight Panel (a) Establishment There is hereby established the Congressional Oversight Panel (hereafter in this section referred to as the Oversight Panel ) as an establishment in the legislative branch. (b) Duties The Oversight Panel shall review the current state of the financial markets and submit the following reports to Congress: (1) Regular reports (A) In general Regular reports of the Oversight Panel shall include the following: (i) The use by Federal officials of authority to implement COVID-19 Relief Program. (ii) The impact of the COVID-19 Relief Program on the financial markets, air carriers, and medical providers. (iii) The extent to which the information made available on transactions under the Exchange Stabilization Fund has contributed to market transparency. (iv) The effectiveness of the program from the standpoint of minimizing long-term costs to the taxpayers and maximizing the benefits for taxpayers. (B) Timing The reports required under this paragraph shall be submitted not later than 30 days after the establishment of the Exchange Stabilization Fund, and every 30 days thereafter. (2) Special report on regulatory reform The Oversight Panel shall submit a special report on regulatory reform not later than March 31, 2021, analyzing the current state of the regulatory system and its effectiveness at overseeing the recipients of COVID-19 Relief Program assistance and protecting