Treasury introduces Office of Recovery Programs

April 19, 2021

Treasury has unveiled a new office to oversee the implementation of economic relief programs, including nearly $420 billion in programs under President Joe Biden’s $1.9 trillion COVID-19 rescue plan.

The Office of Recovery Programs will consolidate recovery programs covered under Biden’s American Rescue Plan and others enacted under the Trump administration’s Coronavirus Aid, Relief, and Economic Security Act. The new office intends to make it easier for communities, businesses and households to access relief.

Treasury’s Office of Tax Policy, the IRS and the Bureau of Fiscal Service will continue leading the recovery programs disbursed through the tax code, including economic impact payments and the enhanced child tax credit.

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