Economic aid legislation will likely result in increased scrutiny of certain industries, similar to investigations that followed relief efforts in the 2008 financial crisis.
Key Points:
..The CARES Act creates multiple new oversight mechanisms for funds provided in connection with its programs, which can be expected to lead to significant investigation activity for those industries set to receive funds.
..Examining oversight mechanisms of government funds associated with the 2008 financial crisis provides insight into how investigative authorities may examine disbursement and use of CARES Act funds.
..Similar relief efforts by governments in other countries may lead to enhanced scrutiny as well.
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