House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell had privately viewed Dunford as a top candidate to lead the five-member oversight commission, which is required by federal law to regularly report to Congress how the massive fund is being spent to aid struggling businesses hurt by the coronavirus pandemic. The commission has been operating without a chairman for months and has already issued two reports.
But Dunford pulled out of consideration because he believed running the commission would conflict with his other commitments, sources said Tuesday.Dunford, when his name became public as the likely selection to chair the panel, was in the process of being vetted for the spot -- which included a look into his current work and ties to companies and nonprofit groups.
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