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PRAC Issues Fraud Alert Follow-Up: Improved Data Sharing and Agencies’ Use of the Do Not Pay System Would Strengthen Program Integrity
The Pandemic Response Accountability Committee (PRAC) issued a Fraud Alert follow-up that shows the potential benefits of agencies using the Department of Treasury’s (Treasury) Do Not Pay (DNP) system to prevent and detect fraud.
President Biden Signs Legislation Giving Watchdogs More Time to Fight Pandemic Fraud
President Biden signed H.R. 7334 and H.R. 7352 into law last week, extending the statute of limitations for Paycheck Protection Program and COVID-19 Economic Injury Disaster Loan fraud from 5 years to 10 years.
PRAC Welcomes Newly-Passed Legislation Extending Statute of Limitations on Pandemic Relief Fraud
Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee (PRAC), heralded last week’s Senate passage of legislation that extends the statute of limitations for Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) fraud from 5 to 10 years.
What’s the government doing now to protect you from identity fraud?
Identity fraud has been rampant during the Pandemic. Our Identity Fraud Reduction and Redress Working Group provides insights agencies can use to keep you, your identity, and the benefits you deserve safe.
Two-Year Mark of the CARES Act and the Creation of the Pandemic Response Accountability Committee
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted. It distributed $2.1 trillion to individuals, businesses, schools, and state and local governments to respond to the effects of the pandemic.
Where are they now? Here’s 7 pandemic relief programs that ended.
Here’s a look at some programs designed to help individuals and businesses recover financially from the pandemic. Some ended as required by law, and others ran out of money and are no longer accepting applications.
PRAC Releases Cumulative Coronavirus Relief Fund Data for March 1, 2020 - March 31, 2021
Today, Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee (PRAC) announced the public release of an updated dataset of Coronavirus Relief Fund (CRF) spending by states, eligible local governments, Tribal governments, the District of Columbia, and U.S. Territories.
PRAC Releases Semiannual Report to Congress for October 1, 2020 through March 31, 2021
Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee (PRAC), announced the release of the PRAC’s Semiannual Report to Congress. The report covers the period from October 1, 2020 through March 31, 2021.
Fighting COVID-19 fraud.
The Inspectors General (IG) community is committed to holding those who defraud the American public accountable. Offices of Inspectors General (OIGs) and their investigators have been central in bringing charges against 250 of the 474 who allegedly defrauded the Paycheck Protection Program, Economic Injury Disaster Loan Program, and Unemployment Insurance.
PRAC Releases Virtual Stakeholder Listening Forum with Experts Representing Borrowers and Small Business
The PRAC’s Financial Sector Oversight working group released a new video of a stakeholder listening forum entitled, “Pandemic Response: Perspectives from Borrowers.”