Today Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee (PRAC), announced the release of the PRAC’s Semiannual Report to Congress. The report covers the period from April 1, 2021 through September 30, 2021. This is our third Semiannual Report to Congress since the PRAC was created in March 2020. Read the full report.
The report is required by the CARES Act and summarizes our work during the second half of FY21. The report updates Congress on our efforts to promote transparency and ensure coordinated oversight of more than $5 trillion in pandemic relief. The report is a resource for the public, the press, and federal, state, and local policymakers, with information on the PRAC's updated organizational structure, progress towards our strategic goals, and the support we have provided to the oversight community.
The report contains summaries of the 119 oversight reports related to the federal government’s COVID-19 pandemic response issued by 30 Offices of Inspectors General (OIGs) in the reporting period. The reports are categorized by federal agencies’ top management challenges. For example, 31 reports addressed Grants and Guaranteed Loan Management and 27 reports addressed the challenge of Protecting the Health and Safety of the Public.
The report also highlights OIGs’ support to law enforcement pursuing fraud investigations and criminal enforcement. During the reporting period, nearly half of the total number of investigations were related to the Paycheck Protection Program or pandemic unemployment insurance programs.
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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