Bill > S2484

This bill establishes an Inspector General (IG) for the Neighborhood Reinvestment Corporation (NRC), a government-sponsored organization focused on community development and housing. Specifically, the bill amends existing law to officially create an Office of Inspector General for the NRC, authorizing necessary funding for the IG's operations. The bill stipulates that while the IG will have audit and oversight responsibilities, they cannot be given any program operating duties of the corporation. Additionally, the legislation requires that the NRC's accounts be audited annually by an independent external auditor who is a certified public accountant and must conduct the audit according to generally accepted auditing standards. By creating this independent oversight mechanism, the bill aims to increase accountability and transparency in the Neighborhood Reinvestment Corporation's financial and operational practices, ensuring proper use of public resources and maintaining the organization's integrity.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2484/all-info