NeighborWorks Accountability Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill establishes an Inspector General for the Neighborhood Reinvestment Corporation, a federal agency that provides funding and support to community-based organizations. The Inspector General will oversee the agency’s operations and ensure accountability. Specifically, the bill mandates annual independent audits of the corporation’s accounts and restricts the transfer of certain program responsibilities to the Inspector General’s office.
Key provisions
- Creates an Inspector General for the Neighborhood Reinvestment Corporation.
- Amends 5 U.S. Code to include the Neighborhood Reinvestment Corporation within the list of agencies overseen by the Office of Inspector General.
- Authorizes appropriations for the Inspector General’s office.
- Prohibits the transfer of certain program operating responsibilities to the Inspector General.
- Requires annual independent audits of the corporation’s accounts by certified public accountants.
Who is affected
- Neighborhood Reinvestment Corporation
- Community-based organizations receiving funding
- Federal taxpayers
- The Office of Inspector General
Notable changes
- Mandates annual independent audits of the Neighborhood Reinvestment Corporation’s finances.
- Establishes a dedicated Inspector General for the agency.
Bill text
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Sponsors
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1 on record
Primary sponsor
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