This bill, known as the Federal Accountability Committee for Transparency Act (FACT Act), proposes significant changes to the Pandemic Response Accountability Committee established under the CARES Act. Its core objectives are to extend the committee's operational period and to rename it to better reflect its evolving oversight responsibilities. The legislation extends the committee's expiration date from September 30, 2025, to December 31, 2026 , ensuring its continued function for an additional year and three months. Furthermore, the committee will be officially renamed the Fraud Prevention and Accountability Committee , broadening its scope beyond pandemic-specific oversight. This change, along with numerous technical and conforming amendments, ensures that all federal references align with the committee's new name and updated statutory citations.