INSIGHT: CARES Act Creates New Treasury IG, Ups Enforcement AnteApril 8, 2020 – Bloomberg Law
On March 27, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, the largest economic stimulus bill in U.S. history, to provide more than $2 trillion in relief for those impacted by the coronavirus pandemic.
The Treasury Department will decide how to use these resources to prevent a severe recession. Congress wisely recognized that oversight is essential to mitigate the risk of fraud, waste and abuse by program recipients and created a special inspector general to protect against these dangers.
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