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 October 1, 2020 through March 31, 2021. This is the second Semiannual Report to Congress since the PRAC was created in March 2020. The full report can be found here.
The report is required by the CARES Act and summarizes our work during the first half of FY21. We wrote this report to update Congress on our efforts to promote public transparency and ensure coordinated oversight of more than $5 trillion in pandemic response spending. The report is a resource for the public, the press, and federal, state, and local policymakers, with information on the PRAC's updated structure, progress towards our strategic goals, and the support we have provided to the oversight community.
The report contains summaries of the 103 oversight reports related to the federal government’s COVID-19 pandemic response issued by 27 Offices of Inspectors General (OIGs) in the reporting period. The reports are categorized by federal agencies’ top management challenges, with 33 reports addressing the challenge of Protecting the Health and Safety of the Public, 19 reports on Grants and Guaranteed Loan Management, and 15 reports on Federal Workforce Safety.
The report highlights OIGs’ support to law enforcement in pursuing fraud investigations and criminal enforcement and includes case summaries. In the reporting period, Paycheck Protection Program and Economic Injury Disaster Loan fraud accounted for most of the investigative activity by OIGs, including 82% of indictments, 68% of arrests, and 84% of convictions. Pandemic Unemployment fraud accounted for 11% of indictments, 19% of arrests, and 8% of convictions.
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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