PRIA Logo™
S2484119th CongressWALLET

NeighborWorks Accountability Act

Sponsored By: Senator Hagerty, Bill [R-TN]

Introduced

Summary

This bill would add the Neighborhood Reinvestment Corporation to agencies with an Office of Inspector General. It would authorize funding for that office, bar transferring the corporation's program-operating duties to it, and require annual external audits by certified public accountants under generally accepted auditing standards.

Show full summary
  • The corporation: The agency would get an independent inspector general to oversee investigations and improve accountability. Funding is authorized as "such sums as may be necessary" to run the office.
  • Grantees and program staff: The bill would prevent moving core program responsibilities to the inspector general, specifically protecting organizational assessments and grantee oversight from transfer.
  • Financial oversight and auditors: The corporation would face annual external audits performed by independent certified public accountants in accordance with generally accepted auditing standards.

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.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Inspector General for NeighborWorks

If enacted, this bill would add the Neighborhood Reinvestment Corporation to the list of agencies that get an Office of Inspector General. Congress would be allowed to provide "such sums as may be necessary" to fund that Office. The corporation would have yearly external audits by independent certified public accountants following generally accepted auditing standards. The bill would stop the OIG from taking over the corporation's program work, including organizational assessments and grantee oversight.

Sponsors & CoSponsors

Sponsor

Hagerty, Bill [R-TN]

TN • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation