World

White House to issue infrastructure spending implementation guidance

2022.04.29 13:31

White House to issue infrastructure spending implementation guidance
U.S. President Joe Biden announces additional military and humanitarian aid for Ukraine as well as fresh sanctions against Russia, during a speech in the Roosevelt Room at the White House in Washington, U.S., April 28, 2022. REUTERS/Evelyn Hockstein

By David Shepardson

WASHINGTON (Reuters) – The White House will issue guidance Friday to federal agencies in a bid to ensure effective implementation and oversight of the $1 trillion infrastructure spending law, officials told Reuters.

President Joe Biden will meet Friday with about a dozen inspectors general (IGs) and other oversight officials, the White House said, along with other key administration officials overseeing infrastructure spending.

Biden wants to empower IGs – independent government watchdogs – to ensure appropriate oversight of the big government spending plan approved in November, the officials said.

The 14-page guidance memo, reviewed by Reuters and being issued on Friday by White House Office of Management and Budget (OMB) Director Shalanda Young, says agencies must designate a senior official to be accountable for infrastructure spending implementation and to lead regular reviews.

Agencies should work with IGs as they design infrastructure programs and hold joint review meetings with IGs and OMB on significant programs, Young wrote.

The guidance says agencies should use “enterprise risk management practices … to identify and mitigate risks during program design.”

An administration official told Reuters the federal government was working to hire about 8,000 people to implement the infrastructure law, with the majority to be hired in 2022. The guidance says the jobs include “human resources, contracting officers, grants managers, and data scientists.”

Transportation Secretary Pete Buttigieg wrote this week on Twitter (NYSE:TWTR) the department “is ready to bring on thousands of new employees.” Buttigieg’s department is overseeing about $200 billion in competitive and discretionary grant programs.

A fact sheet seen by Reuters says the administration wants agencies to “make evidence-based decisions, transparently describe the criteria for investment decisions, (and) set and track measurable goals, performance indicators, and milestones.”

The guidance also directs agencies to make it easier for smaller governments to apply for grants, including providing technical assistance to local and tribal communities, and says agencies must report monthly infrastructure spending to government website USAspending.gov for public disclosure.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 85,461.90 5.60%
ethereum
Ethereum (ETH) $ 2,268.09 4.81%
tether
Tether (USDT) $ 0.999784 0.06%
xrp
XRP (XRP) $ 2.20 7.70%
bnb
BNB (BNB) $ 594.02 2.37%
solana
Solana (SOL) $ 147.36 14.35%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.206668 7.85%
cardano
Cardano (ADA) $ 0.647232 6.53%
staked-ether
Lido Staked Ether (STETH) $ 2,261.51 4.93%
tron
TRON (TRX) $ 0.2361 6.96%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,383.88 5.82%
litecoin
Litecoin (LTC) $ 128.61 4.38%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,689.10 3.97%
chainlink
Chainlink (LINK) $ 14.89 6.18%
hedera-hashgraph
Hedera (HBAR) $ 0.226425 19.56%
avalanche-2
Avalanche (AVAX) $ 22.38 7.41%
stellar
Stellar (XLM) $ 0.294869 11.05%
sui
Sui (SUI) $ 2.88 11.43%
leo-token
LEO Token (LEO) $ 9.29 0.58%
the-open-network
Toncoin (TON) $ 3.33 3.29%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 3.76%
usds
USDS (USDS) $ 1.00 0.05%
mantra-dao
MANTRA (OM) $ 7.67 5.16%
polkadot
Polkadot (DOT) $ 4.75 2.06%
hyperliquid
Hyperliquid (HYPE) $ 20.29 5.89%
weth
WETH (WETH) $ 2,266.58 4.72%
bitcoin-cash
Bitcoin Cash (BCH) $ 323.33 14.72%
ethena-usde
Ethena USDe (USDE) $ 0.998812 0.00%
bitget-token
Bitget Token (BGB) $ 4.09 4.88%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,400.89 4.61%
uniswap
Uniswap (UNI) $ 7.62 3.14%
monero
Monero (XMR) $ 222.52 4.24%
whitebit
WhiteBIT Coin (WBT) $ 26.68 3.31%
aptos
Aptos (APT) $ 6.46 10.46%
near
NEAR Protocol (NEAR) $ 3.16 9.73%
pepe
Pepe (PEPE) $ 0.000008 5.54%
dai
Dai (DAI) $ 0.999482 0.01%
ondo-finance
Ondo (ONDO) $ 1.02 11.47%
internet-computer
Internet Computer (ICP) $ 6.58 4.49%
susds
sUSDS (SUSDS) $ 1.04 0.06%
ethereum-classic
Ethereum Classic (ETC) $ 19.70 9.29%
aave
Aave (AAVE) $ 195.17 3.23%
official-trump
Official Trump (TRUMP) $ 14.12 23.52%
bittensor
Bittensor (TAO) $ 332.04 6.83%
okb
OKB (OKB) $ 45.33 1.00%
gatechain-token
Gate (GT) $ 21.09 4.61%
mantle
Mantle (MNT) $ 0.730715 1.08%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,441.89 5.78%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.273875 3.80%