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Stimulus Package Pumps Billions Into Govt Contracts

January 1, 0001, Law360

Samantha Clark spoke with Law360 to discuss the coronavirus stimulus package that will fund billions of dollars into government contracts intended to fight the coronavirus outbreak. According to Ms. Clark, the stimulus package earmarks $10.5 billion for defense spending and bars the government from transferring money to pay for the President's southern border wall. She adds the changes appear to be good for defense and industry groups. but  However, according, to Ms. Clark,  there are still questions about how the U.S. Treasury Department is going to manage oversight of the funds and how the government will combat potential bad actors who engage in fraud or price-fixing.

 

The article states that the stimulus package also provides $25 billion for passenger airlines, $4 billion for air cargo, and $17 billion in loans for businesses that are crucial to national security. However, Ms. Clark  notes that in order for those businesses to receive funds, the CARES Act states that  they have to certify that they are "created or organized" in the U.S., which could be problematic for companies with headquarters outside the country. We'll have to see how the Treasury Department defines those things.”

 

Ms. Clark adds that throughout the stimulus package, lawmakers allocated funds to beef up information technology services for various wings of the government. "They're trying to make sure everyone has access to IT services," she says.

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