The Recovery Accountability and Transparency Board was created by the American Recovery and Reinvestment Act of 2009 with two goals:
- To provide transparency in relation to the use of Recovery-related funds
- To prevent and detect fraud, waste, and mismanagement
Earl E. Devaney was appointed by President Obama to serve as chairman of the Recovery Board. Twelve Inspectors General from various federal agencies serve with Chairman Devaney. The Board issues quarterly and annual reports to the President and Congress and, if necessary, “flash reports” on matters that require immediate attention.
In addition, the Board maintains the Recovery.gov website so the American people can see how Recovery money is being distributed by federal agencies and how the funds are being used by the recipients.