Democratic legislators’ concerns over BlackRock’s role in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and Federal Reserve facilities are mounting. BlackRock is the world’s largest asset manager with over $6.5 trillion assets under management. Had the Financial Stability Oversight Council (FSOC) continued its original mandate under the Wall Street Reform and Consumer Protection Act(Dodd-Frank), BlackRock should have been designated as a systemically important financial institution which would have led to higher levels of capital, liquidity and risk management requirements than under which it operates presently.