Statement from PRAC Chair Michael E. Horowitz on the Financial Services and General Government Appropriations Act, 2024
March 22, 2024
The Pandemic Response Accountability Committee (PRAC) appreciates the support from Congress for the PRAC’s oversight mission and the inclusion of $2 million in the Fiscal Year 2024 Financial Services and General Government Appropriations Act to “further develop the data analytics capabilities of the Pandemic Response Accountability Committee to enhance transparency, and to prevent, detect, and remediate waste, fraud and abuse in federal spending.”
This funding is critically important to preserve and enhance the PRAC’s data analytics function that has demonstrated its ability to prevent fraud and improper payments, and to assist law enforcement in pursuing billions of dollars in fraud. This funding will advance the ability of the Inspector General and oversight communities to oversee federal spending and protect taxpayer dollars from waste, fraud, and abuse.
We extend our appreciation to Senate Appropriations Subcommittee on Financial Services and General Government Chair Chris Van Hollen and Ranking Member Bill Hagerty, and House Appropriations Subcommittee on Financial Services and General Government Chair Steve Womack and Ranking Member Steny Hoyer for their support of this valuable fraud prevention and fraud fighting tool.
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The PRAC was established by the CARES Act to promote transparency and support independent oversight of the funds provided by the CARES Act and other related emergency spending bills. In addition to its coordination and oversight responsibilities, the PRAC is tasked with supporting efforts to “prevent and detect fraud, waste, abuse, and mismanagement [and] mitigate major risks that cut across program and agency boundaries.”
f you have additional questions, please contact Lisa Reijula at lisa.reijula@cigie.gov.
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