U.S Code last checked for updates: Nov 22, 2024
All TitlesTitle 15Chapter 116Subchapter IIIPart A
§ 9053.
Special Inspector General for Pandemic Recovery
(a)
Office of Inspector General
(b)
Appointment of Inspector General; removal
(1)
In general
(2)
Nomination
(3)
Removal
(4)
Political activity
(5)
Basic pay
(c)
Duties
(1)
In general
It shall be the duty of the Special Inspector General to, in accordance with section 4(b)(1) of the Inspector General Act of 1978 (5 U.S.C. App.),1 conduct, supervise, and coordinate audits and investigations of the making, purchase, management, and sale of loans, loan guarantees, and other investments made by the Secretary of the Treasury under any program established by the Secretary under this Act, and the management by the Secretary of any program established under this Act, including by collecting and summarizing the following information:
(A)
A description of the categories of the loans, loan guarantees, and other investments made by the Secretary.
(B)
A listing of the eligible businesses receiving loan, loan guarantees, and other investments made under each category described in subparagraph (A).
(C)
An explanation of the reasons the Secretary determined it to be appropriate to make each loan or loan guarantee under this Act, including a justification of the price paid for, and other financial terms associated with, the applicable transaction.
(D)
A listing of, and detailed biographical information with respect to, each person hired to manage or service each loan, loan guarantee, or other investment made under section 9042 of this title.
(E)
A current, as of the date on which the information is collected, estimate of the total amount of each loan, loan guarantee, and other investment made under this Act that is outstanding, the amount of interest and fees accrued and received with respect to each loan or loan guarantee, the total amount of matured loans, the type and amount of collateral, if any, and any losses or gains, if any, recorded or accrued for each loan, loan guarantee, or other investment.
(2)
Maintenance of systems
(3)
Additional duties and responsibilities
(d)
Powers and authorities
(1)
In general
(2)
Treatment of Office
(e)
Personnel, facilities, and other resources
(1)
Appointment of officers and employees
(2)
Experts and consultants
(3)
Contracts
(4)
Requests for information
(A)
In general
(B)
Refusal to provide requested information
(f)
Reports
(1)
Quarterly reports
(A)
In general
(B)
Contents
(2)
Rule of construction
Nothing in this subsection may be construed to authorize the public disclosure of information that is—
(A)
specifically prohibited from disclosure by any other provision of law;
(B)
specifically required by Executive order to be protected from disclosure in the interest of national defense or national security or in the conduct of foreign affairs; or
(C)
a part of an ongoing criminal investigation.
(g)
Funding
(1)
In general
(2)
Availability
(h)
Termination
(i)
Council of the Inspectors General on integrity and efficiency
(j)
Corrective responses to audit problems
The Secretary shall—
(1)
take action to address deficiencies identified by a report or investigation of the Special Inspector General; or
(2)
with respect to a deficiency identified under paragraph (1), certify to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Finance of the Senate, the Committee on Financial Services of the House of Representatives, and the Committee on Ways and Means of the House of Representatives that no action is necessary or appropriate.
(Pub. L. 116–136, div. A, title IV, § 4018, Mar. 27, 2020, 134 Stat. 482.)
cite as: 15 USC 9053
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