macra

Pandemic Response Accountability Committee Launches Fund Tracker Site

April 29, 2020

McDermott+Consulting

Established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Pandemic Response Accountability Committee (PRAC) has launched a site to track how the $2.4 trillion in federal dollars are being distributed to support industries across the nation during the current public health emergency.

The fund tracker currently breaks down the amounts appropriated and the distribution of funds from the Families First Coronavirus Response Act ($3.4B), the Coronavirus Preparedness and Response Supplemental Appropriations Act ($7.8B), the CARES Act ($1.9T) and the Paycheck Protection Program and Health Care Enhancement Act ($483B).

On this tracking website, the PRAC indicates monthly obligations and expenditures on federal assistance awards and contracts related to COVID-19 as reported by federal agencies will be updated. Other information about COVID-19 fund recipients, operational, economic, financial, and contract information, will be publicly reported as well.

The role of the PRAC is to provide oversight for federal funds related to the national response and economic support during the COVID-19 public health emergency. The PRAC currently is composed of 20 Inspectors General and slated to expand to 21 after the confirmation of the Special Inspector General for Pandemic Recovery. Additional information about the PRAC is available on the Pandemic Oversight webpage.

 

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For more information visit the McDermottPlus Payment Innovation Resource Center or contact Sheila Madhani at 202-204-1459/smadhani@mcdermottplus.com, Mara McDermott at 202-204-1462/mmcdermott@mcdermottplus.com or Rachel Stauffer at 202-204-1460/rstauffer@mcdermottplus.com.

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