FACT Act

This bill keeps the federal watchdog group that tracks COVID-19 spending in place longer and gives it a new name. The committee, which oversees how coronavirus response money is used to prevent waste and fraud, would be renamed the Fraud Prevention and Accountability Committee and continue its work through December 31, 2026. This aims to protect taxpayer dollars and make sure relief funds are used as intended .

Key points:

• What changes: The “Pandemic Response Accountability Committee” is renamed the “Fraud Prevention and Accountability Committee” and its end date is extended to December 31, 2026.
• Who is affected: Federal watchdogs checking COVID-19 spending, agencies that spent or still manage pandemic funds, and taxpayers who want fraud prevented and waste reduced.
• Why it matters: Extending and renaming the committee keeps oversight going to catch fraud and improve transparency around coronavirus-related funds.