What GAO Found
The Federal Emergency Management Agency (FEMA) relied primarily on rental assistance payments to assist 2017 and 2018 hurricane survivors but also used direct housing programs to address housing needs, as shown in the table below. GAO found that FEMA provided rental assistance to about 746,000 households and direct housing assistance to about 5,400 households. FEMA did not use the Disaster Housing Assistance Program (DHAP)—a pilot grant program managed jointly with the Department of Housing and Urban Development (HUD)—because FEMA viewed its direct housing programs to be more efficient and cost-effective and did not consider DHAP to be a standard post-disaster housing assistance program.
Number of Households Affected by the 2017 and 2018 Hurricanes That Received Rental and Direct Temporary Housing Assistance, by State or Territory
State or territory
Direct housing assistance
U.S. Virgin Islands
Total number of households
Source: Federal Emergency Management Agency (FEMA). | GAO-21-116
Notes: FEMA provided the vast majority of its direct housing assistance through transportable temporary housing units such as manufactured housing. Rental assistance data are as of February 13, 2020, and direct housing assistance data are as of July 15, 2020.
FEMA’s analyses of the cost-effectiveness of housing assistance programs were limited because program cost data were incomplete or not readily useable. The Robert T. Stafford Disaster Relief and Emergency Assistance Act requires FEMA to consider factors including cost-effectiveness when determining which types of housing assistance to provide. Although FEMA has stated its direct housing programs were relatively more cost-effective than DHAP, FEMA generally could not support these statements with cost data. Specifically, FEMA does not collect key program data in its system, such as monthly subsidy and administrative costs, in a manner that would allow it to analyze the full costs of providing the assistance. Without such information, the agency’s program activation decisions will not be well informed, particularly with regard to cost-effectiveness. FEMA policy guidance also says that FEMA is to compare the projected costs of the direct housing programs it is considering activating, but does not consistently specify what cost information to consider, such as whether to use both programmatic and administrative costs. Without such guidance, FEMA cannot reasonably assure that its assessments and their results incorporate consistent and comparable data.
Why GAO Did This Study
The 2017 and 2018 hurricanes (Harvey, Irma, Maria, Florence, and Michael) caused $325 billion in damage. FEMA provided post-disaster assistance, including rental and direct housing assistance. DHAP was a pilot grant program that provided temporary rental assistance and was used to respond to several hurricanes before 2017.
GAO was asked to review issues related to major disasters in 2018 and housing assistance provided after the 2017 and 2018 hurricanes. This report (1) describes the assistance FEMA provided in response to those hurricanes, and (2) evaluates the extent to which FEMA considered cost-effectiveness in activating programs.
GAO reviewed FEMA and HUD policies, communications, and other documentation; analyzed FEMA data; and interviewed officials at FEMA headquarters and regional offices, HUD, and Texas state and local government offices.
What GAO Recommends
GAO makes two recommendations to FEMA for its temporary housing programs: (1) identify and make changes to its data systems to allow for capture and analysis of programs’ full costs, and (2) specify the information needed to compare projected program costs in its guidance on activating programs. DHS agreed with both recommendations, and said it planned to implement them in 2021–2022.
For more information, contact John Pendleton at (202) 512-8678 or email@example.com.
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- FBI Report on Crime Shows Decline in Violent Crime Rate for Third Consecutive YearBy Sam NewsSeptember 28, 2020Today, the Federal Bureau of Investigation released its 2019 edition of Crime in the United States, which showed that violent crime decreased nationwide for the third consecutive year. After decreases in both 2017 and 2018, the violent crime rate dropped an additional one percent this past year and the property crime rate decreased 4.5 percent.[Read More…]
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- Examining Facilitating Factors for Safe, Voluntary, and Sustained Post-Conflict Refugee Returns (RAND Corporation)By Sam NewsSeptember 27, 2020Bureau of Population, [Read More…]
- Maryland Man Pleads Guilty to Submitting False Claim to Steal Funds Intended for Afghanistan ReconstructionBy Sam NewsDecember 4, 2020A Maryland man pleaded guilty today to filing a false claim for his role in a scheme to divert hundreds of thousands of dollars in State Department funds to his own use.[Read More…]
- Department of State Offers Reward for Information to Bring Mexican Transnational Criminal to JusticeBy Sam NewsOctober 13, 2020
- 25th Anniversary of the Fourth World Conference on WomenBy Sam NewsOctober 1, 2020
- Justice Department Settles with New Jersey-Based Staffing Company to Resolve Immigration-Related Discrimination ClaimsBy Sam NewsJanuary 13, 2021The Justice Department announced today that it reached a settlement with Collabera, Inc., a Basking Ridge, New Jersey-based information technology (IT) staffing agency. The settlement resolves the department’s claims that Collabera violated the Immigration and Nationality Act (INA) when it discriminated against work-authorized non-U.S. citizens.[Read More…]
- Former Venezuelan National Treasurer and Her Spouse Charged in Connection with International Bribery and Money Laundering SchemeBy Sam NewsDecember 16, 2020A former Venezuelan National Treasurer and her spouse were charged in a superseding indictment filed Tuesday for their alleged participation in a previously indicted billion-dollar currency exchange and money laundering scheme. An alleged co-conspirator was previously charged in the original indictment.[Read More…]
- Economic Adjustment Assistance: Experts’ Proposed Reform Options to Better Serve Workers Experiencing Economic DisruptionBy Sam NewsApril 19, 2021What GAO Found U.S. workers have faced considerable changes in how they work and in the skills they need because of economic changes created by emerging technologies, disruptive business models, and other economic forces. Federal economic adjustment assistance (EAA) programs were established, in part, to help workers adjust to these economic disruptions. Consistent with GAO's prior work on EAA programs, experts in GAO's roundtable identified a range of challenges to using EAA programs to effectively respond to economic disruptions workers might experience. In light of these challenges, experts identified reform actions that could better serve workers (see table). The actions fell into six interrelated reform areas. Examples of Potential Reform Actions That Could Better Serve Workers Who Experience Economic Disruption, as Identified by Experts in GAO's Roundtable Reform area Examples of potential reform actions identified by experts Proactive efforts to address disruption Establish lifelong learning accounts for workers through contributions of individual workers, employers, and government agencies to fund continuous education and training opportunities. Establish a tax credit to help incentivize employers to retrain rather than lay off employees. Access to Economic Adjustment Assistance (EAA) programs Use the existing unemployment insurance system to better inform dislocated workers about the availability of and their eligibility for EAA programs. Worker training Expand the number of short-term, high-demand skills-based training opportunities. Prompt employers to develop apprenticeship programs. For example, require employers to operate apprenticeship programs of their own or pay a tax to fund the creation of apprenticeship programs. Income and other supports Create more opportunities for workers to co-enroll in training and financial safety-net programs. Develop supportive services programs for dislocated workers at the community colleges in which they are enrolled. EAA service delivery Provide dislocated workers ready access to easy-to-navigate data on high-demand skills, earnings in various occupations, and the number of available jobs in those occupations in their area. Provide community colleges with additional state or federal resources to deliver more career guidance to dislocated workers. Structure of the EAA system Invest in training infrastructure, such as publicly funded regional universities, community colleges, and other institutions. Reduce barriers to accessing existing national datasets to facilitate the evaluation of EAA program effectiveness. Source: GAO analysis of expert statements. | GAO-21-324 Note: These potential reform actions are not listed in any specific rank or order and their inclusion in this report should not be interpreted as GAO endorsing any of them. GAO did not assess how effective the potential reform actions may be or the extent to which program design modifications, legal changes, and federal financial support would be needed to implement any given reform action or combination of reform actions. Why GAO Did This Study Various economic disruptions, such as policy changes that affect global trade or the defense or energy industries and shifts in immigration, globalization, or automation, can lead to widespread job loss among workers within an entire region, industry, or occupation. GAO was asked about options for reforming the current policies and programs for helping workers weather economic disruption. This report describes a range of options, identified by experts, to reform the current policies and programs for helping workers weather economic disruption. With the assistance of the National Academies of Sciences, Engineering, and Medicine, GAO convened a 2-day, virtual roundtable in August 2020 with 12 experts, selected to represent a broad spectrum of views and expertise and a variety of professional and academic fields. They included academic researchers, program evaluators, labor economists, former federal agency officials, and state and local practitioners. GAO also reviewed relevant federal laws, prior GAO reports, and other research. For more information, contact Cindy S. Brown Barnes at (202) 512-7215 or firstname.lastname@example.org.[Read More…]
- Deputy Secretary Biegun’s Meetings with Republic of Korea First Vice Foreign Minister Choi and Special Representative for Korean Peninsula Peace and Security Affairs LeeBy Sam NewsDecember 9, 2020
- Secretary Pompeo’s Meeting with Japanese Foreign Minister MotegiBy Sam NewsOctober 6, 2020
- Secretary Pompeo’s Call with Turkish Foreign Minister CavusogluBy Sam NewsDecember 17, 2020
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- State Department Employee and Spouse Plead Guilty to Trafficking in Counterfeit Goods from U.S. EmbassyBy Sam NewsDecember 10, 2020A U.S. Department of State employee and his spouse pleaded guilty today to one count of conspiracy to traffic in counterfeit goods. The guilty pleas took place before U.S. District Judge Michael J. McShane, who has scheduled sentencing for March 18, 2021, for both defendants.[Read More…]
- Terrorist Designation of ISIS Leader Amir Muhammad Sa’id Abdal-Rahman al-MawlaBy Sam NewsMarch 17, 2020
- المساعدات المُقَدّمة للضفة الغربية وقطاع غزة: في حالة إستئناف التمويل، فإن زيادة الرقابة على إمتثال الجهة الفرعية الحاصلة على المنح لسياسات وإجراءات مكافحة الارهاب الخاصة بالوكالة الأمريكية للتنمية الدولية قد يُقلل من المخاطرBy Sam NewsApril 14, 2021This is the Arabic language highlights associated with GAO-21-332, which issued on Monday, March 29. لماذا أجرى مكتب مساءلة الحكومة ھذه الدراسة قدمت الحكومة الأمريكية منذ عام 1993 أكثر من 6.3 مليار دولار على شكل مساعدات ثنائية للفلسطينيين في الضفة الغربية وقطاع غزة. ووفقا للوكالة الأمريكية للتنمية الدولية ووزارة الخارجية الأمريكية، تم إيقاف تمويل صندوق الدعم الاقتصادي (ESF) منذ يناير/ كانون الثاني 2019 بسبب مجموعة من الإجراءات السياساتية والقانونية. إن الوكالة الأمريكية للتنمية الدولية مسؤولة بشكل رئيسي عن إدارة المساعدات المقدمة من صندوق الدعم الاقتصادي للضفة الغربية وقطاع غزة وضمان الامتثال لسياساته وإجراءاته الخاصة بمكافحة الإرهاب. تتضمن قوانين التخصيص للسنوات المالية 2015-2019 أحكاماً لمكتب مساءلة الحكومة لمراجعة استخدامات أموال صندوق الدعم الاقتصادي الخاصة ببرنامج الضفة الغربية وقطاع غزة. كما طُلِبَ من مكتب مساءلة الحكومة مُراجعة كيف يؤثر وقف هذه المساعدات على موارد التوظيف في الوكالة الأمريكية للتنمية الدولية. يدرس هذا التقرير (1) حالة مساعدات صندوق الدعم الاقتصادي المقدمة من الوكالة الأمريكية للتنمية الدولية للبرنامج في السنوات المالية 2015-2019، وذلك اعتباراً من 30 سبتمبر/ أيلول 2020؛ (2) الخطوات التي اتخذتها الوكالة الأمريكية للتنمية الدولية تجاه المشاريع الجارية ومستويات التوظيف عندما توقفت مساعدات صندوق الدعم الاقتصادي؛ (3) مدى امتثال الوكالة الأمريكية للتنمية الدولية لسياساتها وإجراءاتها الخاصة بمكافحة الإرهاب للسنوات المالية 2015-2019. وقد راجع مكتب مساءلة الحكومة القوانين وسياسات الوكالة وإجراءاتها ووثائقها وبياناتها وقام بتقييم عيّنة قابلة للتعميم من 245 من الجهات الفرعية الحاصلة على المنح للتأكد من الامتثال لسياسات واجراءات الوكالة الأمريكية للتنمية الدولية الخاصة بمكافحة الإرهاب. النتائج التي توصل إليها مكتب مساءلة الحكومة قدمت الحكومة الأمريكية مساعدات للفلسطينيين في الضفة الغربية وقطاع غزة لتعزيز السلام في الشرق الأوسط منذ عام 1993، جزئيا من خلال البرامج التي تُديرها الوكالة الأمريكية للتنمية الدولية ويمولها صندوق الدعم الاقتصادي. وقد توقف هذا التمويل منذ 31 يناير/ كانون الثاني 2019. وبحلول 30 سبتمبر/ أيلول 2020، كانت الوكالة الأمريكية للتنمية الدولية قد انفقت معظم أموال صندوق الدعم الاقتصادي التي تم تخصيصها لبرنامج الضفة الغربية وقطاع غزة في السنوات المالية 2015-2019. على وجه التحديد، انفقت الوكالة الأمريكية للتنمية الدولية 487.3 مليون دولار من أصل 540.4 مليون دولار من مساعدات صندوق الدعم الاقتصادي للبرنامج في السنتين الماليتين 2015 و2016. وأعادت إدارة الرئيس ترامب برمجة الـ 230.1 مليون دولار التي كانت مخصصة للسنة المالية 2017 لبرامج أخرى ولم تخصص مبالغ للسنتين الماليتين 2018 و2019. وأعلنت السلطة الفلسطينية في شهر ديسمبر/ كانون الأول 2018 بأنها لن تقبل المساعدة بعد 31 يناير/ كانون الثاني 2019 بسبب مخاوف لديها بشأن قانون توضيح مكافحة الإرهاب (Anti-Terrorism Clarification Act) لعام 2018. ووفقاً لمسؤولين من وزارة الخارجية الأمريكية والوكالة الأمريكية للتنمية الدولية فإن القانون يتضمن أحكاماً يمكن أن تجعل الجهات المتلقية للمساعدات من صندوق الدعم الاقتصادي خاضعة لدعاوى قضائية أمريكية. وفي شهر يناير/ كانون الثاني 2021، أعلنت إدارة الرئيس بايدن نيتها إستئناف تقديم المساعدات الأمريكية للبرامج في الضفة الغربية وقطاع غزة. اتخذت الوكالة الأمريكية للتنمية الدولية عدة خطوات بشأن المشاريع الجارية ومستويات التوظيف في بعثتها في الضفة الغربية وقطاع غزة بعد توقف تقديم المساعدة للبرنامج اعتبارا من 31 يناير/ كانون الثاني 2019. وقد أوقفت الوكالة الأمريكية للتنمية الدولية 27 مشروعاً جارياً. كما توقفت الوكالة الأمريكية للتنمية الدولية عن إعادة شغل الوظائف المصرح بها في بعثتها في الضفة الغربية وقطاع غزة، واقترحت تخفيضا في قوة العمل، ووضعت حوالي 50 موظفا في مَهام مؤقتة لأنشطة أخرى. ووفقا للوكالة الأمريكية للتنمية الدولية، فإنه اعتبارا من شهر مايو/ أيار 2019، طلبت لجان الكونجرس من الوكالة الأمريكية للتنمية الدولية تعليق تخفيض الوظائف المُخطط له انتظاراً لاستمرار المداولات. وفي حين أن الوكالة الأمريكية للتنمية الدولية لم تنهِ عمل موظفيها، إلا أن عدد موظفي البعثة انخفض بنسبة 39 بالمئة من ديسمبر/ كانون الأول 2017 وحتى سبتمبر/ أيلول 2020 بسبب مُغادرة الموظفين للبعثة وعمليات النقل والاستقالات. تُحدد سياسات وإجراءات مكافحة الإرهاب للوكالة الأمريكية للتنمية الدولية والخاصة بالضفة الغربية وقطاع غزة ثلاثة متطلبات لمُتلقي التمويل من صندوق الدعم الاقتصادي: الفحص بالنسبة للعديد من الجهات غير الأمريكية التي تتلقى المساعدات، وشهادات مكافحة الإرهاب لمُتلقي المِنَح أو الاتفاقيات التعاونية، وأحكام إلزامية تهدف لمنع الدعم المالي للإرهاب في جميع مِنَح المساعدات للجهات الرئيسية والفرعية. توصل مكتب مساءلة الحكومة إلى أنه بالنسبة للسنوات المالية 2015-2019، امتثلت الوكالة الأمريكية للتنمية الدولية بشكل كامل لجميع المتطلبات الثلاثة عند منح المساعدات للجهات الرئيسية، غير أنها لم تتأكد بشكل متسق من إمتثال الجهات الفرعية الحاصلة على المساعدات. بالإضافة لذلك، أظهر تحليل مكتب مساءلة الحكومة لعيّنة المنح الفرعية القابلة للتعميم ومراجعات الامتثال الخاصة بالوكالة الأمريكية للتنمية الدولية وجود فجوات في الامتثال لمتطلبات الفحص والأحكام الإلزامية على مستوى المنح الفرعية. فعلى سبيل المثال، توصل التحليل الذي أجراه مكتب مساءلة الحكومة لمُراجعات الامتثال الخاصة بالوكالة الأمريكية للتنمية الدولية إلى أن 13 من أصل 86 تقريراً كان فيها حالة أو أكثر من عدم قيام الجهة الرئيسية الحاصلة على المنح بتضمين الأحكام الإلزامية، والتي تُغطي 420 من المنح الفرعية. قدمت الوكالة الأمريكية للتنمية الدولية تدريباً للجهات الرئيسية الحاصلة على المنح سابقاً على تقديم المساعدة حول متطلبات مكافحة الإرهاب بالنسبة للجهات التي تحصل على المنح الفرعية، غير أنها لم تتحقق من أن الجهات الحاصلة على المنح لديها إجراءات للامتثال لهذه المتطلبات. وبالإضافة لذلك، أجرت الوكالة الأمريكية للتنمية الدولية مراجعات للامتثال لاحقة على تقديم المنح الفرعية تمت بعد انتهاء المنحة الفرعية في بعض الأحيان، حيث كان الأوان قد فات لاتخاذ اجراءات تصحيحية. و في حالة استئناف تمويل صندوق الدعم الاقتصادي، فإن التحقق من أن الجهات الرئيسية الحاصلة على المنح لديها هذه الاجراءات، وإجراء مراجعات للامتثال لاحقة على تقديم المساعدة في وقت يسمح بإجراء التصحيحات من شأنه أن يضع الوكالة الأمريكية للتنمية الدولية في وضع أفضل بالنسبة لتقليل مخاطر تقديم المساعدة للكيانات أو الافراد المرتبطين بالإرهاب. توصيات مكتب مساءلة الحكومة يوصي مكتب مساءلة الحكومة، في حالة استئناف التمويل، أن تقوم الوكالة الأمريكية للتنمية الدولية بـ (1) التحقق من أن الجهات الرئيسية الحاصلة على المساعدة لديها إجراءات لضمان الامتثال للمتطلبات قبل تقديم المنح للجهات الفرعية، و (2) إجراء مراجعات الامتثال بعد منح المساعدات في وقت يسمح بإجراء التصحيحات قبل إنتهاء المنحة. وقد وافقت الوكالة الأمريكية للتنمية الدولية على هذه التوصيات. هذه نسخة بلغة أجنبية لتقرير صدر في مارس/ آذار2021. أﻧﻈﺮ اﻟﻮﺛﯿﻘﺔ21-332-GAO. ﻟﻠﻤﺰﯾﺪ ﻣﻦ اﻟﻤﻌﻠﻮﻣﺎت،ﯾﺮُ ﺟﻰ اﻻﺗﺼﺎل ﺑـ ﻻﺗﯿﺸﺎ ﻟﻮف Latesha Love ﻋﻠﻰ رﻗﻢ اﻟﮭﺎﺗﻒ: 4409-512 (202)، أو ﻣﻦ ﺧﻼل اﻹﯾﻤﯿﻞ: email@example.com[Read More…]
- Prescription Drugs: Department of Veterans Affairs Paid About Half as Much as Medicare Part D for Selected Drugs in 2017By Sam NewsJanuary 14, 2021GAO found that the Department of Veterans Affairs (VA) paid, on average, 54 percent less per unit for a sample of 399 brand-name and generic prescription drugs in 2017 as did Medicare Part D, even after accounting for applicable rebates and price concessions in the Part D program. GAO also found that 233 of the 399 drugs in the sample were at least 50 percent cheaper in VA than in Medicare, and 106 drugs were at least 75 percent cheaper. Only 43 drugs were cheaper in Medicare than in VA. The percent difference in price between the two programs was greater on average for generic drugs. Specifically, VA's prices were 68 percent lower than Medicare prices for the 203 generic drugs (an average difference of $0.19 per unit) and 49 percent lower for the 196 brand-name drugs (an average difference of $4.11 per unit). Average Per-Unit Net Prices Paid by Department of Veterans Affairs and Medicare Part D for Selected Drugs, 2017 Note: GAO's sample of 399 drugs included the top 100 brand-name and generic drugs in Medicare Part D in 2017, by: (1) highest expenditures; (2) highest utilization (by quantities dispensed); and (3) highest cost-per use. Per-unit prices are weighted to reflect differences in utilization in the two programs. Medicare prices reflect expenditures after accounting for rebates and other price concessions. While there are many factors that impact prices in the complex drug market, GAO identified several key program features that may contribute to the consistent price differential between VA and Medicare Part D. For example, Medicare's beneficiaries are divided among numerous prescription drug plans, which each negotiate drug prices with manufacturers. In contrast, VA is a single integrated health system with a unified list of covered drugs—thereby possibly strengthening its bargaining position when negotiating. In addition, VA has access to significant discounts defined by law, and can then negotiate further for lower prices. These discount prices are not available to Medicare Part D plans. GAO provided a draft of this product to HHS and VA for comment. Both agencies provided technical comments, which GAO incorporated as appropriate. In 2017, combined, Medicare Part D and VA accounted for approximately $105 billion in prescription drug sales—nearly one-third of total U.S. expenditures—and covered nearly 52 million individuals. The two programs use different methods to pay for prescription drugs. Medicare reimburses Part D plan sponsors, which in turn pay pharmacies to dispense drugs. VA primarily uses a direct purchase approach to acquire drugs from manufacturers. GAO was asked to examine differences in the amounts major federal programs paid for prescription drugs. This report: (1) compares average unit prices for prescription drugs in Medicare Part D to those in the VA; and (2) describes factors affecting prices in the two programs. GAO analyzed (1) CMS data for Medicare Part D payments to retail pharmacies as well as rebates and other price concessions Part D plans received and (2) VA drug purchasing data. These data were from 2017, the most recent data available at the time of GAO's analysis. To select a sample of drugs GAO identified the top 100 brand-name and 100 generic drugs in Medicare Part D in 2017 for three categories: (1) highest expenditure, (2) highest utilization, and (3) highest cost-per use. In total, this yielded 399 non-duplicate drugs (203 generic and 196 brand-name), which represented 44 percent of Medicare Part D spending in 2017. GAO compared weighted average unit prices for these drugs. GAO interviewed CMS and VA officials, and reviewed academic and government reports to understand factors that may affect prices in the two programs. For more information, contact John Dicken at (202) 512-7114 or firstname.lastname@example.org.[Read More…]
- Justice Department Sues Yale University for Illegal Discrimination Practices in Undergraduate AdmissionsBy Sam NewsOctober 8, 2020The Justice Department today filed suit against Yale University for race and national origin discrimination. The complaint alleges that Yale discriminated against applicants to Yale College on the grounds of race and national origin, and that Yale’s discrimination imposes undue and unlawful penalties on racially-disfavored applicants, including in particular most Asian and White applicants.[Read More…]
- Guatemala Travel AdvisoryBy Sam NewsSeptember 26, 2020Do not travel to [Read More…]
- Financial Services Industry: Using Data to Promote Greater Diversity and InclusionBy Sam NewsMarch 18, 2021What GAO Found GAO's prior work has shown that the financial services industry has made little or no progress in increasing diversity at the senior management level. The figure below shows the latest available data on diversity at senior levels. Race/Ethnicity and Gender Representation of Executive/Senior-Level Management in the Financial Services Industry, 2018 One common theme of GAO's recent reports on diversity in the financial services industry is the importance of using data to assess diversity and inclusion efforts. In 2017, GAO reported that financial services firms said it is important for firms to collect and analyze data to assess workforce diversity. Notably, all the financial services firms with which GAO spoke agreed on the importance of analyzing employee data. Some firm representatives noted that with such data, they can analyze the gender and racial/ethnic diversity of new hires, employees leaving the organization, and newly promoted staff and managers. In 2019 and 2020, GAO reported that the Federal Home Loan Banks (FHLBanks) and Fannie Mae and Freddie Mac (the enterprises) track diversity composition data on their workforce, recruitment, and hiring. The FHLBanks and the enterprises use these data to compare their performance against benchmarks, such as prior-year metrics and peer institutions, and set goals for future performance. They also incorporate diversity targets into their incentive compensation goals or performance competencies for management. The Federal Housing Finance Agency (FHFA) uses data to oversee the workforce diversity and inclusion efforts of the FHLBanks and the enterprises. As GAO reported in 2019 and 2020, FHFA collects and reviews quarterly and annual workforce diversity data from the FHLBanks and enterprises. For example, FHFA assesses each FHLBank's performance in workforce diversity using the quarterly data. In 2017, FHFA also began reviewing diversity and inclusion efforts as part of its annual examinations of the FHLBanks and the enterprises. Why GAO Did This Study The financial services industry provides services that help families build wealth and is essential to the economic growth of the country. For instance, the FHLBanks, Fannie Mae, and Freddie Mac play important roles in supporting the U.S. housing market. The FHLBanks include 11 federally chartered banks that provide liquidity for member institutions, such as commercial and community banks, to use in support of housing finance and community lending. Fannie Mae and Freddie Mac purchase single-family and multifamily mortgage loans that lenders already made to borrowers. Congressional members and others have highlighted the need for the financial services industry to create opportunities for all Americans, including supporting a diverse workforce. This statement discusses (1) how financial service firms use data to assess workforce diversity efforts; (2) how the FHLBanks and the enterprises use data to assess their diversity efforts; and (3) how FHFA oversees diversity efforts at the FHLBanks and the enterprises. This statement is primarily based on three GAO reports (GAO-18-64, GAO-19-589, and GAO-20-637) on diversity efforts in the financial services industry and at FHLBanks and the enterprises. For the reports, GAO reviewed relevant literature and data, and interviewed representatives of financial services firms and industry and diversity advocacy organizations. GAO also reviewed documents and interviewed officials from the FHLBanks, enterprises, and FHFA. For more information, contact Daniel Garcia-Diaz at (202) 512-8678 or GarciaDiazD@gao.gov.[Read More…]
- North Carolina Man Charged with Fraudulently Seeking Over $6 Million in COVID Relief FundsBy Sam NewsSeptember 29, 2020A North Carolina man was charged with fraudulently seeking over $6 million in Paycheck Protection Program (PPP) loans, announced Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division and U.S. Attorney Robert J. Higdon Jr. of the Eastern District of North Carolina.[Read More…]
- NASA’s Deep Space Station in Australia Is Getting an UpgradeBy Sam NewsIn SpaceSeptember 26, 2020Used for communicating [Read More…]
- Program Evaluation: Key Terms and ConceptsBy Sam NewsMarch 22, 2021Both the executive branch and congressional committees need evaluative information to help them make decisions about the programs they oversee—information that tells them whether, and why, a program is working well or not. The Government Performance and Results Act of 1993 (GPRA) and GPRA Modernization Act of 2010 (GPRAMA) established a framework for performance management and accountability within the federal government. Building on that foundation, Congress has since passed, among other laws, the Foundations for Evidence-Based Policymaking Act of 2018 (Evidence Act) to strengthen the evidence-building efforts of executive branch agencies. This product updates our previous glossary (GAO-11-646SP) to highlight different types of evaluations for answering questions about program performance, as well as relevant issues to ensure study quality. This glossary can help agency officials better understand fundamental concepts related to evaluation and enhance their evidence-building capacity. For more information, contact Lawrance Evans, Jr. at 202-512-2700 or EvansL@gao.gov.[Read More…]
- Chinese Businessman Charged With Conspiring To Steal Trade SecretsBy Sam NewsFebruary 26, 2021Chi Lung Winsman Ng, aka Winsman Ng, 64, a Chinese businessman residing in Hong Kong, was indicted yesterday for conspiring to steal General Electric’s (GE) trade secrets involving the company’s silicon carbide MOSFET technology and worth millions of dollars.[Read More…]
- Endeavor Executives Resign from Live Nation Board of Directors after Justice Department Expresses Antitrust ConcernsBy Sam NewsJune 21, 2021The Department of Justice announced today that two executives of Endeavor Group Holdings Inc. – Chief Executive Officer and Director Ariel Emanuel, and President Mark Shapiro – have resigned their positions on the Live Nation Entertainment Inc. Board of Directors after the department expressed concerns that their positions on the Live Nation Board created an illegal interlocking directorate. An interlocking directorate is where one person – or an agent of one person or company – serves as an officer or director of two companies. Section 8 of the Clayton Act prohibits the same person or company from serving as an officer or director of two competing companies, except under certain defined safe harbors.[Read More…]