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OMB/PRAC Joint Statement

Posted By CFO Council on April 21, 2021

The American Rescue Plan (ARP) provides an additional $1.9 trillion in pandemic response and relief funding. Consistent with White House ARP implementation efforts, the Office of Management and Budget (OMB) and the Pandemic Response Accountability Committee (PRAC) share a common goal of fastidious oversight of ARP funds on behalf of the American taxpayers.

To that end, OMB and the PRAC have recently engaged in extensive coordination to strengthen oversight and promote transparency of pandemic spending. As the first public step in this ongoing effort, the Administration issued guidance in Memorandum M-21-20 on March 19. OMB and the PRAC have also issued today the first in a series of alerts to agencies to raise awareness on key issues related to preventing waste, fraud, and abuse, which can be found at: Payment Integrity Alert: Risk Factors and Suggested Mitigating Strategies from the Office of Management and Budget (OMB) Office of Federal Financial Management and the Pandemic Response Accountability Committee (PRAC) and