Testimony of Sean Moulton, Senior Policy Analyst Project On Government Oversight For the House Committee on Oversight and Accountability

2 The Small Business Administration Office of the Inspector General has also underscored the disconnect between the oversight work ahead of them and the office’s current. [...] In the first year after the start of the program, the Small Business Administration watchdog office’s hotline received “a 19,500% increase over prior years,” according to a congressional memo.7 The office is in possession of over 40,000 actionable complaints that could amount to a century’s worth of investigative work.8 The Small Business Administration inspector general has limited the number of. [...] Specifically, the law required recipients of $150,000 or more in COVID federal assistance to report the following information on a quarterly basis to the Pandemic Response Accountability Committee and the agency that awarded the funds: • total funds received from the agency; • how much of that money has been spent or obligated to a particular project or activity to date • a detailed explanation of. [...] The Treasury’s general counsel argued that the CARES Act’s oversight and recipient reporting requirements did not apply to any of the pandemic relief funds the law appropriates to the Treasury because the requirements were in Division B of the law and the Treasury programs were legislated in Division A.13 While the general counsel’s reading of the law is technically accurate, it nevertheless appea. [...] This would have excluded some of the biggest COVID relief programs, including the Paycheck Protection Program, the Exchange Stabilization Fund for distressed sectors of the economy, and the Coronavirus Relief Fund to the States.