Buckley Webcast: Federal inspectors general and the pandemic response: What lenders and others need to know
The federal government’s oversight mechanisms are beginning to ramp up in the wake of its massive effort to provide pandemic relief to businesses and individuals. The nation’s corps of more than 70 Inspectors General, each inside an agency and charged with rooting out waste, fraud, and abuse, are at the forefront — and joined by a Special Inspector General for Pandemic Response and a Pandemic Response Accountability Committee made up of more than 20 existing IGs. The oversight regime resembles 2008’s Troubled Asset Relief Program, though it was only a fraction of the size of the Covid-19 relief programs.
Buckley partners Michelle Rogers and Preston Burton discussed the IG regime, and what businesses can expect from IG inquiries in civil and criminal matters as well as the potential for related Congressional inquiries. They were joined by Eric Thorson, former IG for both the Department of the Treasury and the Small Business Administration, who shared his perspective on the workings of IGs. Buckley partner Daniel R. Alonso offered a brief introduction and moderated the panel.
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