The Deputy Assistant Secretary ensures the Interim Director of the Emergency Capital Investment Program (ECIP) finalizes policies and procedures and key documentation to govern full program implementation and ongoing administration of ECIP investments, as well as effective internal control over the program.
Department of the Treasury (Treasury) management should review payments issued under the Payroll Support Program (PSP1) to ensure awarded amounts are allowable per the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and Treasury guidance.
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Department of the Treasury (Treasury) management should remedy the incorrect amounts awarded under the Payroll Support Program (PSP1).
Treasury management should support our office in accomplishing our monitoring and oversight responsibilities in the following ways: (1) assist in communications with Coronavirus Relief Fund recipients on matters that include, but are not limited to, communications of reporting and record keeping requirements and other audit inquiries, as needed; (2) ensure that Treasury maintains communication channels with recipients to obtain and address post-payment inquiries regarding specific payments; and (3) continue to update Coronavirus Relief Fund guidance and disseminate to recipients as needed.