No final decision has been made and Dunford still needs to complete an ethics review, according to two sources familiar with the matter.
It was created in the stimulus law after Democrats demanded additional oversight measures over the Treasury Department’s $500 billion fund.
Dunford, a former Joint Chiefs of Staff chairman for Presidents Barack Obama and Donald Trump, is well known by those who have worked for him to be meticulous and detailed in his decision making.
Dunford sits on the board of directors at Lockheed Martin and is chairman of the board at Semper Fi Fund & America’s Fund, which provides resources and support to wounded and critically ill service members and their families.
He is also a senior fellow at the Harvard Kennedy School Belfer Center for Science and International Affairs.