Reports
Inconsistent Grantee and Subgrantee Reporting of Education Stabilization Fund Subprograms in the Federal Audit Clearinghouse
Alert Memorandum: Caribbean Sun Airlines, Inc. Has Not Responded to SIGPR’s Direct Loan Program Survey
NIST Was Effective in Implementing the Requirements for Awarding Funds Under the CARES Act
Special Inspector General for Pandemic Recovery | Quarterly Report to Congress
Fraud Reporting Requirements for Federal Program Participants and Auditors
Federal Student Aid’s Suspension of Involuntary Collection in Response to the Coronavirus Pandemic
NOAA Fisheries Implemented the Requirements for Awarding Funds Under the CARES Act but Faces Challenges with the Pace of Funds Disbursement to Fishery Participants
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.