the president Joe Biden presented on Thursday a proposal to fight system fraudfacing Identity theft and help the victims of those who mistreated the people of the United States during the national emergency caused by the pandemic COVID-19.
Biden’s proposal goes further through better protection against fraud and identity theft in the future and protect Americans who are innocent victims of identity theft.
Systemic Fraud and Identity Theft for Emergency Benefits
The proposal, posted by Biden, emphasized that while the original pandemic legislation in 2020, as well as the American Rescue Plan approved in 2021, were needed to mitigate the health and economic impact of this unprecedented pandemic.a lack of investment in technology and proper government oversight, and a drop in demand during the Covid pandemic coupled with decisions to lift major fraud controls early in the pandemic, led to an unprecedented high level of outright fraud and identity theft in relation to emergency benefits.
How to fix it
President Biden presented historic proposal against fraud with benefits provided during the Covid pandemic For:
– Provide resources and time to investigate and prosecute individuals involved in major or systemic fraud related to the pandemic, with the allocation of $600 million, as the government intends to prosecute serious offenders and prosecute those with the most stolen funds to bring them back.
– Invest $600 million to prevent public program fraud and identity theft. The government is committed to providing easier and safer access for people affected by identity theft while protecting their fairness, civil liberties and privacy.
– Allocate $400 million for help for victims of identity theft this will allow innocent victims facing hardship, worsening credit history, tax liability, severe stress and helplessness through no fault of their own to recognize the nature of the damage.
Biden’s proposal also includes allocate additional resources to law enforcement agencies that take so long to handle the most serious and sophisticated fraud cases and that sometimes they face investigations for several years.
This is extremely important with regard to Large-scale fraud in unemployment and small business insurance programs in connection with the pandemic, where the Inspectors General (IG), who led the investigation of major prosecutions, recovered or prevented billions of dollars from being leaked.
The broad offer also includes increase the statute of limitations to 10 years for serious and systematic pandemic benefit fraud, including unemployment insurance programs.
By June 2023, allocates $1.6 billion from the American State Rescue Plan to modernize, improve access, and prevent fraud and identity theft.
– The US Secret Service has discovered that nearly $100 billion in Covid relief funds have been stolen.
– An Orange County resident pleaded guilty to embezzling $5 million in COVID relief loans.
– Congress discovers more than $1,000 million in fraud under the Payment Protection Program.
Source: La Opinion
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