The American Rescue Plan (ARP) provides an additional $1.9 trillion in pandemic response and relief funding. Consistent with White House ARP implementation efforts, the Office of Management and Budget (OMB) and the Pandemic Response Accountability Committee (PRAC) share a common goal of fastidious oversight of ARP funds on behalf of the American taxpayers.
To that end, OMB and the PRAC have recently engaged in extensive coordination to strengthen oversight and promote transparency of pandemic spending. As the first public step in this ongoing effort, the Administration issued guidance in Memorandum M-21-20 on March 19, 2021. OMB and the PRAC have also issued today the first in a series of alerts to agencies to raise awareness on key issues related to preventing waste, fraud, and abuse, which can be found on the Chief Financial Officers Council website and here, on PandemicOversight.gov.
The PRAC was established by the CARES Act to promote transparency and support independent oversight of the funds provided by the CARES Act and other related emergency spending bills. In addition to its coordination and oversight responsibilities, the PRAC is tasked with supporting efforts to “prevent and detect fraud, waste, abuse, and mismanagement [and] mitigate major risks that cut across program and agency boundaries.”
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