MTA received $3.9 billion in CARES Act funding to help combat the impact of the COVID-19 pandemic. Combined, the public transportation industry received $25 billion in CARES Act funding. Shown: MTA New York City Transit’s Coney Island Terminal.Photo – Marc A. Hermann/MTA NYCT
The U.S. Department of Transportation (USDOT) Office of Inspector General (OIG) announced earlier this month it has outlined risk areas for the department to monitor to prevent potential fraud, waste or abuse of billions of dollars provided under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Passed by Congress in March, the CARES Act provided USDOT with more than $36 billion to prevent, prepare for and respond to COVID-19's impact on all modes of transportation. To its credit, the department swiftly distributed the funds, but the amount of funds and the speed with which they were distributed create oversight challenges, the OIG said in its memorandum to the department.
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