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Department of the Treasury, Executive (31 - 40 of 324 items) in Custom Date Range
Debt Collection Improvement Act of 1996: Status of Treasury's Centralized Efforts to Collect Delinquent Federal Nontax Debt
GAO-12-870R: Published: Sep 13, 2012. Publicly Released: Sep 13, 2012.
In summary, according to FMS officials, FMS considers both TOP and the cross-servicing program to be fully mature in that all key elements of the programs have been implemented. As such, FMS's current and future efforts will focus on enhancements that will (1) for TOP, facilitate its ability to increase federal nontax debt collections through additional offsets and (2) for the cross-servicing prog...
Thrift Savings Plan: Adding a Socially Responsible Index Fund Presents Challenges
GAO-12-664: Published: Jun 26, 2012. Publicly Released: Jul 26, 2012.
Officials at the Thrift Savings Plan (TSP) and the other public retirement plans that had considered socially responsible investment (SRI) associated a number of common challenges with SRI adoption. While none of these plans were identical to TSP in scope or demographics, many plan officials shared similar challenges and concerns with TSP. For example, they identified participant demand, SRI scree...
Financial Literacy: Overlap of Programs Suggests There May Be Opportunities for Consolidation
GAO-12-588: Published: Jul 23, 2012. Publicly Released: Jul 23, 2012.
The federal government spent about $68 million on 15 of the 16 financial literacy programs that were comprehensive in scope or scale in fiscal year 2010; cost data were not available for the Consumer Financial Protection Bureau (CFPB), which was created that year. In addition, about $137 million in federal funding in four other major programs was directed to housing counseling, which can include e...
Information Technology Reform: Progress Made but Future Cloud Computing Efforts Should be Better Planned
GAO-12-756: Published: Jul 11, 2012. Publicly Released: Jul 11, 2012.
The selected federal agencies have made progress implementing the Office of Management and Budgets (OMB) Cloud First policy. Consistent with this policy, each of the seven agencies incorporated cloud computing requirements into their policies and processes. For example, one agency had incorporated a review of its information technology (IT) investment portfolio to identify candid...
Community Development Financial Institutions and New Markets Tax Credit Programs in Metropolitan and Nonmetropolitan Areas
GAO-12-547R: Published: Apr 26, 2012. Publicly Released: Apr 26, 2012.
The policies and procedures of the CDFI and NMTC Programs help ensure that awards and allocations generally are proportionate to the numbers of qualified applicants that serve metropolitan and nonmetropolitan areas. The CDFI Programs authorizing legislation and regulations require that award recipients constitute a geographically diverse group, serving metropolitan and nonmetropolitan areas...
Federal Reserve Banks: Areas for Improvement in Information Systems Controls
GAO-12-615R: Published: Apr 11, 2012. Publicly Released: Apr 11, 2012.
During our fiscal year 2011 follow up on the status of FRBs corrective actions to address information systems control-related recommendations contained in our prior years reports and open as of September 30, 2010, we determined that corrective action was in progress for each of the three open recommendations related to security management and access controls. The potential effect of th...
Management Report: Improvements Are Needed in Internal Control over Financial Reporting for the Troubled Asset Relief Program
GAO-12-415R: Published: Feb 13, 2012. Publicly Released: Feb 13, 2012.
During fiscal year 2011, OFS addressed several of the internal control issues related to the significant deficiency we reported for fiscal year 2010 concerning its accounting and financial reporting processes. However, remaining uncorrected control deficiencies along with other control deficiencies that we identified in this area in fiscal year 2011 collectively represented a continuing significan...
Small Business Lending Fund: Additional Actions Needed to Improve Transparency and Accountability
GAO-12-183: Published: Dec 14, 2011. Publicly Released: Dec 14, 2011.
Treasury adopted procedures to help ensure that applicants were evaluated consistently and were likely to repay funds, but its lack of clarity in explaining program requirements and decisions created confusion among applicants. The evaluation process included input from federal and state regulators, reviews of small business lending plans, and estimates of the applicants ability to repay fun...
Patient Protection and Affordable Care Act: Contracts Awarded and Consultants Retained by Federal Departments and Agencies to Assist in Implementing the Act
GAO-11-797R: Published: Jul 14, 2011. Publicly Released: Jul 14, 2011.
The Patient Protection and Affordable Care Act (PPACA), as amended by the Health Care and Education Reconciliation Act of 2010 (HCERA), contained provisions to increase access to health insurance coverage through: health insurance market reforms; an expansion of Medicaid eligibility; and the creation of health insurance exchanges to provide small employers and individuals access to coverage. In ad...
Management Report: Improvements Are Needed in Internal Control Over Financial Reporting for the Troubled Asset Relief Program
GAO-11-434R: Published: Apr 18, 2011. Publicly Released: Apr 18, 2011.
The Emergency Economic Stabilization Act of 2008 (EESA) requires that we annually audit the financial statements of the Troubled Asset Relief Program (TARP), which is implemented by the Office of Financial Stability (OFS). On November 15, 2010, we issued our audit report including (1) an unqualified opinion on OFS's financial statements for TARP as of and for the fiscal years ended September 30, 2...