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Amtrak (National Railroad Passenger Corporation) OIG

Assessing FY2021 Special Appropriations Related to Coronavirus Impacts

We are initiating work to assess the Amtrak’s administration of the special funds Congress provided for fiscal year 2021 under the Consolidated Appropriations Act to continue to help it respond to the coronavirus pandemic. Our objective will be to assess how the company uses, accounts for, and reports on these funds and any other special appropriations related to the coronavirus pandemic.
Amtrak (National Railroad Passenger Corporation) OIG

Governance: Observations on Amtrak’s Use of CARES Act Funds

The objective for this management advisory report was to monitor and assess how the company is using CARES Act funds and the controls it has in place to accurately account for and report on them. The company experienced a sharp drop in ridership and passenger revenues in March 2020 as a result of the coronavirus pandemic. The company’s response included aggressive cost-cutting actions such as cancelling some of its train service and reducing management pay and retirement benefits. Despite these actions, the company projected that revenues would still not cover its reduced costs and requested...