Senate Majority Leader Mitch McConnell Addison (Mitch) Mitchell McConnellMomentum growing among Republicans for Supreme Court vote before Election Day Trump expects to nominate woman to replace Ginsburg next week Video of Lindsey Graham arguing against nominating a Supreme Court justice in an election year goes viral MORE (R-Ky.) on Friday tapped Sens. Mike Crapo Michael (Mike) Dean CrapoBottom line Davis: The Hall of Shame for GOP senators who remain silent on Donald Trump Top GOP senator urges agencies to protect renters, banks amid coronavirus aid negotiations MORE (R-Idaho) and Pat Toomey Patrick (Pat) Joseph ToomeyAppeals court rules NSA's bulk phone data collection illegal Dunford withdraws from consideration to chair coronavirus oversight panel GOP senators push for quick, partial reopening of economy MORE (R-Pa.) to help conduct oversight on the recently-passed $2.2 trillion coronavirus relief package.

McConnell said in a statement that Crapo, the chairman of the Senate Banking Committee, will coordinate oversight into the CARES Act, which President Trump Donald John TrumpUS reimposes UN sanctions on Iran amid increasing tensions Jeff Flake: Republicans 'should hold the same position' on SCOTUS vacancy as 2016 Trump supporters chant 'Fill that seat' at North Carolina rally MORE signed into law last month. Toomey will be on the five-member congressional commission overseeing the Trump administration’s implementation of the legislation.

“The CARES Act is the biggest rescue package in the history of Congress,” said McConnell. “Appropriate, objective and nonpartisan oversight will be key to ensuring its dollars and programs find their mark.”

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McConnell added that he made the appointments after consulting with a slew of Senate committee chairs.

Toomey will serve on the so-called Congressional Oversight Commission, a key aspect of the coronavirus relief package that will oversee $500 billion being distributed by the Treasury Department.

“Senator Toomey is one of the sharpest members of the Senate,” McConnell said. “He is a leader on economics and finance and a key member of the Finance, Banking, and Budget Committees. The Commission will benefit greatly from his expertise.”

Republican and Democratic leaders in the House and Senate will each name one member of the panel, with the chair being selected in a joint decision by McConnell and Speaker Nancy Pelosi Nancy PelosiSunday shows preview: Justice Ginsburg dies, sparking partisan battle over vacancy before election Trump is betting big on the suburbs, but his strategy is failing 'bigly' Trump orders flags at half-staff to honor 'trailblazer' Ginsburg MORE (D-Calif.).

Senate Minority Leader Charles Schumer Chuck SchumerVideo of Lindsey Graham arguing against nominating a Supreme Court justice in an election year goes viral Graham signals support for confirming a Supreme Court nominee this year Pelosi orders Capitol flags at half-staff to honor Ginsburg MORE (D-N.Y.) last week named Bharat Ramamurti, a former aide to Sen. Elizabeth Warren Elizabeth WarrenBiden's fiscal program: What is the likely market impact? Warren, Schumer introduce plan for next president to cancel ,000 in student debt The Hill's 12:30 Report - Presented by Facebook - Don't expect a government check anytime soon MORE (D-Mass.), to the panel, and House Minority Leader Kevin McCarthy Kevin Owen McCarthyTrump asked Chamber of Commerce to reconsider Democratic endorsements: report The Hill's Morning Report - Sponsored by The Air Line Pilots Association - White House moves closer to Pelosi on virus relief bill Trump's sharp words put CDC director on hot seat MORE (R-Calif.) tapped Rep. French Hill James (French) French HillThe use and abuse of the IMF in the fight against COVID-19 Lawmakers ask Pelosi, McConnell to diversify coronavirus relief oversight panel Exclusive: Democrats seek to increase racial diversity of pandemic relief oversight board MORE (R-Ark.) to serve on the committee.

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Pelosi has yet to name her pick, and said Thursday that she is working with McConnell to work up a list of contenders for the committee’s chairmanship.

The House speaker has also indicted that she will establish a new select committee to conduct oversight of the CARES Act, though she has yet to name its members and would likely need a House vote to formally create the panel.

The Congressional Oversight Commission is one of three oversight mechanisms established in the relief package, though the other two measures have been thrust into controversy.

Trump has nominated an inspector general for pandemic response to oversee the same $500 billion as the congressional panel, though the pick, a White House lawyer, has faced backlash from Democrats who claim he cannot be impartial.

Trump also demoted the Pentagon watchdog who had been named to lead a panel of current inspectors general and no replacement has been announced.