ABSTRACT

Quarterly Report to the United States Congress, April Through June 2022   [open pdf - 2MB]

From the Document: "I am pleased to present our ninth Quarterly Report to Congress. During this reporting period we conducted four audit attestations of airlines that received direct loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These attestations showed that the airlines properly completed certifications to the Department of the Treasury (Treasury) for their loans to move on to the underwriting phase. This work is important as the taxpayer relies on air transport in their daily lives and expects their hard-earned dollars to be utilized in the way the CARES Act intended. We also issued an alert memorandum notifying Treasury that its Calendar Year 2021 direct loan monitoring was delayed. We recommended Treasury create and finalize a monitoring policy and a plan of action to ensure that monitoring is done in a timely manner. Treasury agreed with our recommendations."

Publisher:
Date:
2022-07-29?
Series:
Copyright:
Public Domain
Retrieved From:
House Committee on Oversight and Reform: https://oversight.house.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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