Reports
Implementation Review: Loan Agreements Need to Provide for Appropriate Access to the Special Inspector General for Pandemic Recovery, July 28, 2020
Special Inspector General for Pandemic Recovery | Quarterly Report to Congress
Management Information Report - Interim Review of Railroad Retirement Board CARES Act Benefit Payments During the Pandemic
Audit of the Direct Loan Program
The Office of the Special Inspector General for Pandemic Recovery is assessing the Department of the Treasury's Direct Loan Program, which provided approximately $2.7 billion through 35 loans to passenger air carriers and related businesses, cargo air carriers, and businesses critical to maintaining national security. The objectives of the audit are to 1) determine if the processes to approve loans followed requirements under Section 4003(b) of the CARES Act and other appropriate regulations and guidance and 2) evaluate Treasury’s Direct Loan Program loan portfolio management process and determine whether it follows best practices established by the Office of the Comptroller of the Currency or other appropriate authority. As part of this effort, SIGPR is partnering with the Department of Defense OIG in reviewing the loans that were issued in the interest of national security.
Special Inspector General for Pandemic Recovery | Quarterly Report to Congress
Special Inspector General for Pandemic Recovery | Quarterly Report to the U.S. Congress
Management Information Report - Interim Report Regarding CARES Act Expenditures and Controls
Special Inspector General for Pandemic Recovery | Initial Report to Congress
Loan Agreements Need to Provide for Appropriate Special Inspector General Access
Evaluation of the Hardest Hit Fund Status and Wind Down Planning
Treasury reports that the Hardest Hit Fund is in a wind down status. SIGTARP will evaluate the status of the program, and Treasury’s planning of the program’s wind down. This will include, for example, TARP dollars remaining to be spent by state agencies, as well as current and estimated future program activity. It will also review Treasury’s direction and guidance to state agencies for wind down planning, and the state agencies’ response.