Agenda - Council - 09/13/2022 - Laserfiche WebLink

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information provided by recipients, along with other relevant information, to ensure SLFRF funds are used in a manner consistent with the Social Security Act. Finally, Treasury expects to work with recipients to support the use of SLFRF funds consistent with the law. For example, Treasury may request additional information from a recipient before initiating the recoupment process. In addition, Treasury may pursue other forms of remediation and monitoring in conjunction with, or as an alternative to, recoupment.390 These efforts may include working with recipients to identify and substitute permissible uses of SLFRF funds or amending uses of SLFRF funds to comply with applicable restrictions. In response to comments regarding the amount of time provided to respond to an initial notice, the final rule clarifies that Treasury retains the ability to expedite or extend timelines in any adjudication or pre -adjudication process pursuant to section 35.4(b) of the final rule, although the general timelines set forth in the interim final rule are maintained in the final rule. V. REGULATORY ANALYSES Executive Orders 12866 and 13563 Regulatory Impact Assessment This final rule is a "significant regulatory action" under section 3 (f) of Executive Order 12866 for the purposes of Executive Orders 12866 and 13563 because it is likely to have an annual effect on the economy of $100 million or more. 39° Treasury intends to work with recipients to support the use of SLFRF funds consistent with the law. 378