The Council of the Inspectors General on Integrity and Efficiency (CIGIE) is proposing a new system of records called the PRAC Data Warehouse System (PDWS), which falls under the Privacy Act of 1974. This system is meant to help the Pandemic Response Accountability Committee (PRAC) oversight the funds aimed at Coronavirus response, ensuring transparency, and detecting any fraudulent or wasteful activities. The records will include information about individuals and entities involved in the distribution or receipt of these funds. This proposal will take effect on February 26, 2021, unless significant objections lead to a change.
Simple Explanation
The government wants to make sure money meant for helping people during Coronavirus is used the right way, so they're making a special place to keep track of this money and who gets it. They're doing this to find any mistakes or bad things that might happen with this money.