Court filing
Implementation Review I-21-001 — Loan Agreements SIGPR Access Clause (May 2021)
Summary
In this May 19, 2021 letter to Treasury Chief Recovery Officer Jacob D. Leibenluft, the Special Inspector General for Pandemic Recovery (SIGPR) reports that it has completed implementation review I-21-001. On July 28, 2020, SIGPR had recommended that Treasury expressly include SIGPR among the entities entitled to timely and unrestricted access to borrower information in all loan agreements under section 4003 of the CARES Act, and Treasury agreed on July 30, 2020 to implement the change. SIGPR found that in the 34 loan agreements signed after Treasury's response, Treasury expressly included SIGPR in the section titled Treasury Access. SIGPR concluded that Treasury had taken appropriate corrective action and that no further action is necessary. The signature block names Theodore R. Stehney, Assistant Inspector General for Auditing.
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Filed May 19, 2021 in Sigpr Reports; one of 35 filings from this case.
Record facts
| Court | Special Inspector General for Pandemic Recovery (SIGPR) |
|---|---|
| Filed | 2021-05-19 |
Cite this document
“Implementation Review I-21-001 — Loan Agreements SIGPR Access Clause (May 2021).”
Special Inspector General for Pandemic Recovery (SIGPR), filed 2021-05-19. Archived at Pandemic Darlings, https://pandemicdarlings.com/court-filings/sigpr-reports/2021-05-19-implementation-review-loan-access/
, SHA-256 687b8e0ab7db8c5833e93a684cd5e59b67b0e9abaccaf60d7b03422da1be8ab0.Full text
Office of the Special Inspector General for Pandemic Recovery May 19, 2021 BY ELECTRONIC MAIL Jacob D. Leibenluft Chief Recovery Officer U.S. Department of the Treasury 1500 Pennsylvania Ave., N.W. Washington, DC 20220 Dear Mr. Leibenluft: This serves to provide notice that the Special Inspector General for Pandemic Recovery (SIGPR) has completed Implementation Review: Loan Agreements Need to Provide for Appropriate Access to the Special Inspector General for Pandemic Recovery, July 28, 2020 (I-21-001). On July 28, 2020, SIGPR recommended that the Department of the Treasury (Treasury) expressly include SIGPR in the list of entities entitled to “timely and unrestricted access” to information from the borrower in all loan agreements under section 4003 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). On July 30, 2020, Treasury agreed to implement the change in future loan agreements. In the implementation review, our objective was to determine whether corrective actions were taken to address the recommendation. We reviewed the subsequent loan agreements under CARES Act section 4003(b)(1-3) and found that Treasury had taken appropriate corrective action to address the recommendation. In the 34 loan agreements signed after Treasury’s July 30, 2020 response to SIGPR, Treasury expressly included SIGPR in the loan document section titled “Treasury Access.” We determined that no further action is necessary. If you have any questions, please contact Timothy Keeler, Audit Manager at (202) 893-4338 or timothy.keeler@sigpr.gov. Sincerely, Theodore R. Stehney Assistant Inspector General for Auditing Special Inspector General for Pandemic Recovery cc: Brian D. Miller Special Inspector General for Pandemic Recovery U.S. Department of the Treasury
File and source
- File
- REPORT_SIGPR_implementation-review-loan-agreements-need-provide-appropria_2021-05-19.pdf
- Size
- 194,071 bytes
- SHA-256
- 687b8e0ab7db8c5833e93a684cd5e59b67b0e9abaccaf60d7b03422da1be8ab0
- Original
- www.oversight.gov