No, there is oversight in the proposed bill, I was just poking a bit of fun by calling it the corporate slush fund. Warren (reportedly) did a good job fighting for independent congressional and inspector general oversight of that money.
The complaint Bernie (and others like me) have is that more money is being set aside from corporations than for individuals. Canada, for example, is reportedly giving $2000 a month for the next four months, while our multi-trillion dollar bailout only has a single one time payment of less money.