INSIGHT: CARES Act Creates New Treasury IG, Ups Enforcement Ante

April 8, 2020Bloomberg 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.

To continue reading Harry Sandick and Clint Morrison's Bloomberg Law article on the topic, please click here.