President Joe Biden has selected Gene Sperling, a former White House economic adviser to both Bill Clinton and Barack Obama, to oversee implementation of the $1.9 trillion coronavirus relief package signed into law last week.

Sperling will work with the heads of the White House policy councils and leaders at federal agencies with the mission of quickly distributing federal dollars, according to an administration official who requested anonymity to confirm the appointment before its official announcement. He will also be responsible for maximizing the impact of federal dollars and partnering with state and local governments, the official said.

The stimulus legislation that Biden signed included more than $410 billion of direct payments for most Americans, the third direct cash infusion in less than a year. The government began sending the first $1,400 payments on Friday, with some people expected to see the money within days via direct deposit.

Biden will discuss the implementation of the relief measure in an appearance at the White House on Monday afternoon. The president envisions Sperling’s role as similar to the one he himself took as vice president under Obama, helping to administer 2009 stimulus legislation passed in the wake of the financial crisis, White House press secretary Jen Psaki said last week.

“They are looking for ways to maximize, of course, the impact of every dollar,” Psaki said. “That’s exactly what the President did when he served as the point person on the implementation of the Recovery Act in 2009, partnering with mayors, governors, and other officials to get help to them quickly and in a way that kept waste, fraud, and abuse to two tenths of 1 percent.”

Sperling had been considered a potential candidate to lead the Office of Management and Budget after Neera Tanden withdrew her nomination amid concern over past incendiary tweets. His appointment as point person for the recovery legislation would appear to boost the chances of Shalanda Young, who Biden nominated as the agency’s deputy director and who since has earned the support of prominent Democrats and the Congressional Black Caucus to take the top job.

Sperling came under fire during the Obama administration from progressives, who pointed to his earnings from firms like Goldman Sachs Group Inc. and deregulation of the financial industry during the Clinton administration to argue that he was too cozy with Wall Street. But Sperling in recent years has worked closely with Massachusetts Senator Elizabeth Warren and publicly rejected an argument from fellow Clinton alum Larry Summers that the Biden relief bill was too expensive.

Biden’s consideration of Sperling to oversee the relief law’s implementation was reported earlier by Politico.