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Paycheck Protection Program (PPP)
As of July 4, 2022, the Small Business Administration provided 11.47M loans totaling $792.6B. The intent of the program was to provide incentives for small businesses to keep their workers on the payroll.
Six Individuals Charged with Fraudulently Obtaining $1 Million from the Paycheck Protection Program in Scheme Investigated by PRAC’s Fraud Task Force
This case was also supported by the PRAC’s Pandemic Analytics Center of Excellence, which applies the latest advances in analytic and forensic technologies to help OIGs and law enforcement pursue data-driven pandemic relief fraud investigations.
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.
Improper Payments vs. Fraud
Recent headlines state that $191 billion in pandemic unemployment insurance was lost to fraud. Not exactly. In this Department of Labor Office of Inspector General's Congressional Testimony, around $76 billion of that is classified as fraud. The rest of those funds are referred to as improper payments.
PRAC Releases A New Way To Show Pandemic Funding By Individual Federal Agencies
Robert A. Westbrooks, Executive Director of the Pandemic Response Accountability Committee (PRAC), announced a new way to view data on PandemicOversight.gov.
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.
How to find award data by pandemic legislation.
As pandemic legislation was passed, starting with the CARES Act in March 2020, the Office of Management and Budget (OMB) assigned a code to identify each of the six laws. These codes, known as Disaster Emergency Fund Codes (DEFC), are used to track the spending funded under each legislation. Many of the codes were further refined through the description of the code, as "Emergency" or "Non-emergency."
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.