Reports
Audit of the Main Street Lending Program
The Office of the Special Inspector General for Pandemic Recovery is evaluating funds that were allocated to the Federal Reserve System’s Main Street Lending Program (MSLP), which had 319 lenders and 1,830 borrowers participating in loans totaling more than $17 billion. The objectives of the audit are to 1) assess the process used by banks to issue loans under the MSLP program; 2) evaluate the process used by the Federal Reserve’s Special Purpose Vehicle to purchase the loans; 3) determine vulnerabilities based on a risk-based analysis; and 4) identify specific areas that warrant further audit work.
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
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
EDA Was Effective in Implementing the Requirements for Awarding Funds Under the CARES Act
Special Inspector General for Pandemic Recovery | Quarterly Report to the U.S. Congress
2020 Census Alert: The Census Bureau Faces Challenges in Ensuring Employee Health Safety During 2020 Census Field Operations
U.S. Department of Agriculture CARES Act Implementation Plan September 2020
Evaluation of DIA’s Utilization of Reserve Intelligence Capabilities
The Defense Intelligence Agency Office of the Inspector General initiated an evaluation of the Agency's use of Reserve military intelligence capabilities across the Defense Intelligence Enterprise. Our objective is to assess the effectiveness of Agency’s use of Reserve military intelligence forces for the delivery and integration of Reserve capabilities across the Defense Intelligence Enterprise in peacetime and during crisis and contingency operations. Through this evaluation effort, we will examine the use of Reserve military intelligence capabilities during the COVID-19 pandemic.