Section 1 Short title
This Act may be cited as the “Emergency Rental Assistance Accountability and Transparency Act of 2022”.
Emergency Rental Assistance Accountability and Transparency Act of 2022
A BILL
To amend the American Rescue Plan Act of 2021 to provide for oversight of emergency rental assistance amounts by the Inspector General of the Department of the Treasury, and for other purposes.
Sec. 2 Inspector General oversight
Section 3201 of the American Rescue Plan Act of 2021 (15 U.S.C. 9058c) is amended by adding at the end the following new subsection:
“(i) Inspector General Oversight; Recoupment
“(1) Oversight authority—The Inspector General of the Department of the Treasury shall conduct monitoring and oversight of the receipt, disbursement, and use of funds made available under this section.
“(2) Recoupment—If the Inspector General of the Department of the Treasury determines that an eligible grantee has failed to comply with subsection (d), the amount equal to the amount of funds used in violation of such subsection shall be booked as a debt of such entity owed to the Federal Government. Amounts recovered under this subsection shall be deposited into the general fund of the Treasury.
“(3) Appropriation—Out of any money in the Treasury of the United States not otherwise appropriated, there are appropriated to the Office of the Inspector General of the Department of the Treasury, $6,500,000 to carry out oversight and recoupment activities under this subsection. Amounts appropriated under the preceding sentence shall remain available until expended.
“(4) Authority of Inspector General—Nothing in this subsection shall be construed to diminish the authority of any Inspector General, including such authority as provided in the Inspector General Act of 1978 (5 U.S.C. App.).”