NeighborWorks Accountability Act
Sponsored By: Representative Walkinshaw, James R. [D-VA-11]
Introduced
Summary
Creates an independent Office of Inspector General for the Neighborhood Reinvestment Corporation. This bill would also require annual independent audits by certified public accountants and authorize funding for the new OIG.
Show full summary
- Neighborhood Reinvestment Corporation operations: The bill would bar transferring program duties, including organizational assessments work and grantee oversight, to the OIG.
- Audits and auditors: The bill would require annual audits by independent certified public accountants conducted in accordance with generally accepted auditing standards and certified by the regulatory authority of the audit jurisdiction.
- Legal and funding changes: The bill would add the Neighborhood Reinvestment Corporation to the federal Office of Inspector General statutory framework and authorize appropriations "in such sums as may be necessary" to support the OIG.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
New oversight for Neighborhood Reinvestment
This bill would add the Neighborhood Reinvestment Corporation to the federal list of agencies with an Office of Inspector General. It would authorize appropriations of "such sums as may be necessary" to fund that Office. It would bar moving any NRC program operating duties to the Inspector General, including organizational assessments and grantee oversight. It would also require annual external audits of the corporation's accounts by independent certified public accountants following generally accepted auditing standards, even if the OIG performs audits.
Sponsors & CoSponsors
Sponsor
Walkinshaw, James R. [D-VA-11]
VA • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov