Troubled Asset Relief Program: Most Community Development Capital Initiative Investments Remain Outstanding, GAO-16-626: Published: Jul 5, 2016. Publicly Released: Jul 5, 2016: “As of March 31, 2016, the Department of the Treasury (Treasury) had approximately 76 percent of the original Community Development Capital Initiative (CDCI) investment outstanding and 57 institutions remained. Treasury’s total investment was… Continue Reading
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GAO Reports – InfoTech Acquisitions, K-12 Education, DoD and Sexual Assault, Aviation Security, 2020 Census, Climate Change, Medicaid, TARP
Information Technology: Implementation of Reform Legislation Needed to Improve Acquisitions and Operations, GAO-16-204T: Published: Nov 4, 2015. Publicly Released: Nov 4, 2015. K-12 Education: Internal Controls for Program Management and Oversight Can Help Ensure the Success of School Choice Programs, GAO-16-212T: Published: Nov 4, 2015. Publicly Released: Nov 4, 2015. Sexual Assault: Actions Needed to… Continue Reading
GAO Reports – 401(K) Plans, TARP, Capital Power Plant, Military Personnel Ethics
401(K) Plans: Clearer Regulations Could Help Plan Sponsors Choose Investments for Participants, GAO-15-578: Published: Aug 25, 2015. Publicly Released: Sep 4, 2015: “Employers who sponsor 401(k) plans report using a range of default investment types to automatically enroll employees in their plans based on each type’s design and other attributes. From 2009 through 2013, the… Continue Reading
200 Defendants Investigated by SIGTARP convicted of TARP related crimes
News release, July 30, 2015: “The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that 200 bankers, corporate executives, mortgage modification scammers, real estate developers, brokers, and other defendants investigated by SIGTARP and our law enforcement partners have been convicted of crimes related to TARP. Of the 200 defendants… Continue Reading
New GAO Reports – Auto Safety, Aviation Security, Visa Programs, TARP
Auto Safety: Status of NHTSA’s Redesign of Its Crashworthiness Data System, GAO-15-334: Published: Mar 6, 2015. Publicly Released: Mar 6, 2015. Aviation Security: TSA Should Take Additional Action to Obtain Stakeholder Input when Modifying the Prohibited Items List, GAO-15-261: Published: Feb 4, 2015. Publicly Released: Mar 6, 2015. H-2A and H-2B Visa Programs: Increased Protections… Continue Reading
The Legacy of TARP’s Bank Bailout Known as the Capital Purchase Program
“While Treasury is in the process of conducting its final auctions of its TARP stake in community banks to private entities in a desire to end the bank bailout known as the Capital Purchase Program (“CPP”), it is important to examine the lessons learned from the program. CPP was the first TARP program, much has… Continue Reading
New GAO Reports – TARP Audit, Military and Veteran Support, Women Owned SBAs
FINANCIAL AUDIT: Office of Financial Stability (Troubled Asset Relief Program) Fiscal Years 2014 and 2013 Financial Statements, GAO-15-132R: Published: Nov 7, 2014. Publicly Released: Nov 7, 2014. MILITARY AND VETERAN SUPPORT:DOD and VA Programs That Address the Effects of Combat and Transition to Civilian Life, GAO-15-24: Published: Nov 7, 2014. Publicly Released: Nov 7, 2014. WOMEN-OWNED SMALL BUSINESS PROGRAM: Certifier Oversight… Continue Reading
SIGTARP – Treasury Significantly Loosened Exe Pay Limits – Excessive Pay for Top 25 Employees at GM and Ally
Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Report Number 14-001, September 24, 2014. Treasury Significantly Loosened Executive Pay Limits Resulting in Excessive Pay for Top 25 Employees at GM and Ally (GMAC) When the Companies Were Not Repaying TARP in Full and Taxpayers Were Suffering Billions of Dollars in Losses. “Overall, SIGTARP found… Continue Reading
GAO Report: TARP – Government’s Exposure to Ally Financial
TROUBLED ASSET RELIEF PROGRAM: Government’s Exposure to Ally Financial Lessens as Treasury’s Ownership Share Declines, GAO-14-698: Published: Aug 5, 2014. Publicly Released: Aug 5, 2014. “The Department of the Treasury (Treasury) reduced its ownership stake in Ally Financial Inc. (Ally Financial) from 74 percent in October 2013, to 16 percent as of June 30, 2014. As shown in… Continue Reading
New GAO Reports – Federal Facility Security, SBA, TARP
FEDERAL FACILITY SECURITY: Additional Actions Needed to Help Agencies Comply with Risk Assessment Methodology Standards, GAO-14-86: Published: Mar 5, 2014. Publicly Released: Apr 7, 2014. SMALL BUSINESS ADMINISTRATION: Actions Needed to Ensure Planned Improvements Address Key Requirements of the Development Company (504) Loan Program, GAO-14-233: Published: Mar 6, 2014. Publicly Released: Apr 7, 2014. TROUBLED ASSET RELIEF PROGRAM: Status of the Wind… Continue Reading
New GAO Reports – Border Security, Economic Development Admin., Entrepreneurial Assistance, Medicaid Prescription Drugs, TARP, USPS
BORDER SECURITY: DHS Needs to Strengthen Its Efforts to Modernize Key Enforcement Systems, GAO-14-342T: Published: Feb 6, 2014. Publicly Released: Feb 6, 2014. ECONOMIC DEVELOPMENT ADMINISTRATION: Documentation of Award Selection Decisions Could Be Improved, GAO-14-131: Published: Feb 6, 2014. Publicly Released: Feb 6, 2014. ENTREPRENEURIAL ASSISTANCE: Opportunities Exist to Improve Collaboration and Performance Management for Financial Assistance Programs, GAO-14-335T: Published: Feb 6, 2014.… Continue Reading
New GAO Reports – Defense Management, Dodd-Frank Regulation, TARP Audit, Reverse Auctions
DEFENSE MANAGEMENT – Actions Needed to Ensure National Guard and Reserve Headquarters Are Sized to be Efficient, GAO-14-71, Nov 12, 2013 DODD-FRANK REGULATION – Agencies Conducted Regulatory Analyses and Coordinated but Could Benefit from Additional Guidance on Major Rules, GAO-14-67, Dec 11, 2013 FINANCIAL AUDIT – Office of Financial Stability (Troubled Asset Relief Program) Fiscal Years 2013 and 2012 Financial… Continue Reading
