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Read our report on six communities’ experiences with pandemic funding and programs, which provides valuable lessons learned to improve federal emergency response programs.

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Search reports, investigative results, and agency plansShowing 51 - 60 of 69 results
Small Business Administration OIG

Evaluation of SBA’s Award Procedures for the CARES Act Entrepreneurial Development Cooperative Agreements

This report found that SBA awarded the CARES Act entrepreneurial development cooperative agreements and grants in accordance with applicable federal laws, regulations, and guidance. We found program officials established performance goals and identified performance indicators. To more effectively ensure performance goals are achieved as intended, SBA should clearly define the performance goals and set performance targets. We recommended that SBA enforce standard operating procedures requiring defined performance goals and include performance targets in all future SBDC and WBC cooperative...
Inspection / Evaluation |

Small Business Administration OIG

SBA’s Handling of Potentially Fraudulent Paycheck Protection Program Loans

Inspection Notification: SBA’s Handling of Potentially Fraudulent Paycheck Protection Program Loans

Date Initiated: | Status of Work: Ongoing
Small Business Administration OIG

Duplicate Loans Made Under the Paycheck Protection Program

SBA OIG reviewed PPP regulations and the Paycheck Protection Program and Health Care Enhancement Act, in addition to guidance published in SBA’s PPP Interim Final Rules and PPP Frequently Asked Questions. We determined SBA did not always have sufficient controls in place to detect and prevent duplicate PPP loans. As a result, lenders made more than one PPP loan disbursement to 4,260 borrowers with the same tax identification number and borrowers with the same business name and address. These disbursements totaled about $692 million for PPP loans approved from April 3 through August 9, 2020. We...
Review |

Department of Transportation OIG

Audit of FAA's Award and Oversight of CARES Act Funds

The Coronavirus Aid, Relief, and Economic Security (CARES) Act designated $10 billion to the Federal Aviation Administration (FAA) to support continuing operations at U.S. airports following the sharp decline in passenger traffic and other airport business due to the COVID-19 public health emergency. By the end of fiscal year 2020, FAA had obligated approximately $9.4 billion in formula grants to airports for such purposes as capital expenditures, operating expenses (including payroll and utilities), and debt payments. We are initiating this audit because the act also provided $5 million to OIG for conducting oversight of DOT projects and activities supported by CARES Act funds. Our objective is to assess whether FAA’s policies and procedures for awarding and overseeing CARES Act grants are sufficient to protect taxpayer interests.

Date Initiated: | Status of Work: Ongoing
Small Business Administration OIG

Inspection of SBA's Implementation of the Paycheck Protection Program

Inspection / Evaluation |

Small Business Administration OIG

Management Alert Paycheck Protection Program Loan Recipients on the Department of Treasury’s Do Not Pay List

Review |

Small Business Administration OIG

Evaluation of the CARES Act Debt Relief to 7(a) Borrowers

Inspection / Evaluation |

Department of Transportation OIG

Audit Initiated of Security Controls for FTA’s Financial Management Systems That Support CARES Act Funding

The Federal Transit Administration has received billions in funding appropriated by the CARES Act to provide grants for transit infrastructure to prevent, prepare for, and respond to the pandemic. FTA uses several financial management systems to approve, monitor, and distribute CARES Act funds. In recent months, the number of attacks on Federal Government information systems has increased through a variety of techniques, including social engineering and spear phishing. These attacks can threaten the operations of FTA's financial management information systems by affecting system and...
Small Business Administration OIG

Inspection of Small Business Administration's Initial Disaster Assistance Response to the Coronavirus Pandemic

Disaster Recovery Report |

Federal Housing Finance Agency OIG

Management Advisory: FHFA-OIG’s Investigation of Allegations of Fraud Affecting Paycheck Protection Program Loans Obtained or Sought from Federal Home Loan Bank Member Institutions

Other |