About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (April 13, 2020)

handle is hein.crs/govcuzu0001 and id is 1 raw text is: Researh Sevice Special Inspector General for Pandemic Recovery: Responsibilities, Authority, and Appointment April 13, 2020 The Coronavirus Aid, Recovery, and Economic Security (CARES) Act was enacted on March 27, 2020 (P.L. 116-136). The CARES Act provides over $2 trillion in relief to individuals; businesses; state, local, and tribal government; federal agencies; and industry sectors impacted by the COVID-1 9 pandemic. In addition to these relief programs, Congress included a variety of provisions to facilitate transparency and oversight in the implementation of the CARES Act. Among these actions was the creation of a Special Inspector General for Pandemic Recovery (SIGPR). The SIGPR is similar in purpose and legal authorities to two other special inspectors general: the Special Inspector General for the Troubled Asset Relief Program and the Special Inspector General for Afghanistan Reconstruction. This Insight provides an introduction to the responsibilities, authority, and selection of the SIGPR. Citations to the relevant provisions of the CARES Act are included in parenthesis as appropriate. For other CRS materials related to the CARES Act and the impact of the COVID-19 pandemic, see CRS's Coronavirus resource page. Responsibilities The SIGPR is to lead a new inspector general office within the Department of the Treasury and is directed to conduct, supervise, and coordinate audits and investigations of the financial assistance programs fbr businesses included in Title IV of the CARES Act and any other Treasury programs established under the act (§4018(c)(1)). Specifically, the SIGPR is required to collect and summarize the following information (and to maintain appropriate systems to do so): * a description of the types of transactions entered into by Treasury (§4018(c)(1)(A)); * a listing of eligible businesses receiving assistance (§4018(c)(1)(B)); * an explanation of each loan and loan guarantee and its financial terms (§4018(c)(1)(C)); Congressional Research Service https://crsreports.congress.gov IN11328 CRS NStGHT Prepai-ed for Mernbei-s and Committees 4 o. C- --q .. . . . . . . . . . .. . . . . . . . . . ..---------------------------------------------------------------------------------------------------------------------------------------------------------

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most