Provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act show that the government intends to closely monitor and oversee management of the relief funds, as the act makes available more than $2 trillion to fund economic relief programs for various sectors of the American economy.
Making such significant funds available to businesses and individuals through government programs carries an inherent risk of fraud, waste, abuse, and mismanagement. Accordingly, the CARES Act includes several provisions to fund existing Offices of the Inspector General (OIG) in several federal agencies, to create an Office of the Special Inspector General for Pandemic Recovery, and to establish a Pandemic Response Accountability Committee, all to promote transparency in the administration of the relief programs and to prevent fraud, waste, abuse, and mismanagement of funds made available under the CARES Act.
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