Bill > HR6483

This bill establishes an Inspector General (IG) for the Neighborhood Reinvestment Corporation (NRC), a federal organization focused on community development and housing. The bill makes three key changes to existing law: first, it adds the NRC to the list of federal agencies that have an Inspector General, which means the IG will be responsible for conducting independent oversight, investigating potential misconduct, and ensuring the organization operates efficiently and effectively. Second, the bill authorizes funding for the NRC's Office of Inspector General and explicitly prevents the transfer of any program operating responsibilities to the IG, maintaining a clear separation between oversight and operational roles. Third, the bill mandates that the NRC's accounts must be audited annually by an independent external auditor who is a certified public accountant and follows generally accepted auditing standards, which will help ensure financial transparency and accountability. The bill aims to enhance oversight and improve the governance of the Neighborhood Reinvestment Corporation by establishing robust independent review mechanisms.

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https://www.congress.gov/bill/119th-congress/house-bill/6483/all-info