text: On June 7, 2022, Francis appointed Farrell as chair of the Pontifical Committee for Investments. According to Praedicate Evangelium, the committee is responsible for "guaranteeing the ethical nature of the Holy See’s equity investments in accordance with the Church’s social doctrine and, at the same time, monitoring their profitability, propriety and degree of risk.
  On May 20, 2024, Pope Francis appointed Farrell as special envoy to the LIII International Eucharistic Congress, that will be held on September 8-15 in Quito, Ecuador.
  Controversies
  Association with former Cardinal Theodore McCarrick
  After McCarrick was laicized in 2018 for credible allegations of sexual abuse against a minor, further reports of accusations and legal settlements emerged, dating back years. These revelations led to public questions about whether bishops and clerics closely associated with McCarrick, including Farrell, had been aware of these accusations and settlements.
  McCarrick had asked the Vatican to appoint Farrell as auxiliary bishop in Washington. Over the next six years, Farrell served as vicar general there. During this time, he shared a four-bedroom apartment with McCarrick and two priest secretaries.
  Journalist Michael Winters termed McCarrick as Farrell's "mentor in the episcopacy."
  According Farrell's website when he was bishop of Dallas, the lion rampant on his coat of arms "honors" McCarrick and the yellow and red coloring at the top right of his coat of arms is also derived from that of McCarrick.
  World Meeting of Families 2018