H.R. 2277: Federal Accountability Committee for Transparency Act

This bill, officially titled the Federal Accountability Committee for Transparency Act or the FACT Act, proposes changes to the Pandemic Response Accountability Committee established under the CARES Act. Here are the key provisions of the bill:

Extension of the Committee

The bill seeks to extend the existence of the Pandemic Response Accountability Committee until December 31, 2026. This extension means that the committee will continue its role beyond the originally scheduled end date of September 30, 2025.

Name Change of the Committee

Along with the extension, the bill proposes to change the name of the Pandemic Response Accountability Committee to the Fraud Prevention and Accountability Committee. This name change reflects a broader focus on preventing fraud and ensuring accountability related to federal spending, particularly in the context of pandemic response funds.

Technical Amendments

The bill includes several technical amendments to ensure that the updated name and extended timeline are consistently reflected throughout the relevant laws. This includes adjustments to references of the committee in various legal texts and ensuring that any mention of the Pandemic Response Accountability Committee is interpreted as referring to the Fraud Prevention and Accountability Committee.

References in Other Laws

All existing references to the Pandemic Response Accountability Committee in federal laws, executive orders, and other documents will now be understood to reference the newly named Fraud Prevention and Accountability Committee.

Overall Purpose

The overall aim of the bill is to maintain oversight and improve accountability of federal pandemic-related spending, making sure that there are measures in place to prevent fraud as funds continue to be managed and distributed in response to ongoing public health and economic challenges.

Relevant Companies

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