All Agencies (A-Z) » Offices, Department of the Treasury, Executive
Offices, Department of the Treasury, Executive (41 - 50 of 1,204 items)
National Mediation Board: Progress Made on Some GAO Recommendations to Strengthen Operations, but Key Controls Continue to Be Needed
GAO-16-240: Published: Feb 12, 2016. Publicly Released: Feb 12, 2016.
The National Mediation Board (NMB) has made some progress in addressing the seven recommendations GAO made in December 2013; however, additional actions are needed to fully implement those recommendations and strengthen operations (see table). Without full implementation, NMB lacks reasonable assurance that its limited resources are effectively targeted and may be missing opportunities to improve...
DATA Act: Data Standards Established, but More Complete and Timely Guidance Is Needed to Ensure Effective Implementation
GAO-16-261: Published: Jan 29, 2016. Publicly Released: Jan 29, 2016.
As required by the Digital Accountability and Transparency Act of 2014 (DATA Act), the Office of Management and Budget (OMB) and the Department of the Treasury (Treasury) issued definitions for 57 federal spending data elements. GAO found that most definitions adhered to leading practices derived from international standards for formulating data definitions. Specifically, 12 of the 57 definitions...
Banking: Federal Agencies' Compliance with Section 302 of the Riegle Community Development and Regulatory Improvement Act
GAO-16-213R: Published: Jan 27, 2016. Publicly Released: Jan 27, 2016.
Section 302 of the Riegle Community Development and Regulatory Improvement Act of 1994 (Riegle Act) requires federal banking agencies to consider administrative burdens and benefits when determining the effective date and administrative compliance requirements for certain new rules. The federal banking agencies are the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Fe...
Troubled Asset Relief Program: Status of Housing Programs
GAO-16-279R: Published: Jan 8, 2016. Publicly Released: Jan 8, 2016.
As of October 31, 2015, three Troubled Asset Relief Program (TARP) housing programsâ€” Making Home Affordable (MHA), Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (Hardest Hit Fund or HHF), and Federal Housing Administrationâ€™s Short Refinance Program (FHA Short Refinance)â€”remained active. Combined, the Department of the Treasury (Treasury) had obligated $37.51 bill...
Financial Audit: Bureau of the Fiscal Service's Fiscal Years 2015 and 2014 Schedules of Federal Debt
GAO-16-160: Published: Nov 13, 2015. Publicly Released: Nov 13, 2015.
In GAO's opinion, the Bureau of the Fiscal Service's (Fiscal Service) Schedules of Federal Debt for fiscal years 2015 and 2014 were fairly presented in all material respects, and the Fiscal Service maintained, in all material respects, effective internal control over financial reporting relevant to the Schedule of Federal Debt as of September 30, 2015. GAO's tests disclosed no instances of reporta...
Independent Auditor's Report on Applying Agreed-Upon Procedures: Fiscal Year 2015 Excise Tax Distributions to the Airport and Airway Trust Fund and the Highway Trust Fund
GAO-16-109R: Published: Nov 5, 2015. Publicly Released: Nov 5, 2015.
GAO performed the procedures contained in the enclosures to this report, which it agreed to perform solely to assist the Department of Transportationâ€™s Inspector General in ascertaining whether the net excise tax revenue distributed to the Airport and Airway Trust Fund (AATF) and the Highway Trust Fund (HTF) for the fiscal year ended September 30, 2015, is supported by underlying records.GAO was...
Federal Student Loans: Education Could Do More to Help Ensure Borrowers Are Aware of Repayment and Forgiveness Options
GAO-15-663: Published: Aug 25, 2015. Publicly Released: Sep 17, 2015.
Many eligible borrowers do not participate in the Department of Education's (Education) Income-Based Repayment and Pay As You Earn repayment plans for Direct Loans, and Education has not provided information about the plans to all borrowers in repayment. These plans provide eligible borrowers with lower payments based on income and set timelines for forgiveness of any remaining loan balances. Whil...
Federal User Fees: Key Considerations for Designing and Implementing Regulatory Fees
GAO-15-718: Published: Sep 16, 2015. Publicly Released: Sep 16, 2015.
GAO identified key elements of regulatory user fees for decision makers to consider as they design, implement, and evaluate these fees. Setting regulatory user fees: Congress determines in statute the degree of flexibility to make fee design and implementation decisions that will be retained or delegated to the agency. This has implications for whether agencies issue regulations to set fees, who w...
Electronic Cigarettes: Effect on Federal Excise Taxes Collected on Traditional Cigarettes Is Not Currently Evident
GAO-15-771: Published: Sep 14, 2015. Publicly Released: Sep 14, 2015.
GAO's analysis found no evidence that use of electronic cigarettes (e-cigarettes) has affected federal excise tax (FET) revenue from traditional cigarettes, which has been declining over time (see figure). Possible reasons for the lack of a detectable effect include the small size of the e-cigarette market (estimated at $2.5 billion in 2014) relative to the cigarette market ($80 billion in the sam...
Federal Spending Accountability: Preserving Capabilities of Recovery Operations Center Could Help Sustain Oversight of Federal Expenditures
GAO-15-814: Published: Sep 14, 2015. Publicly Released: Sep 14, 2015.
The Recovery Accountability and Transparency Board's (Recovery Board) Recovery Operations Center (ROC) provided significant analytical services primarily to Offices of the Inspector General (OIG) to support antifraud and other activities. Congress initially established the Recovery Board to oversee funds appropriated by the American Recovery and Reinvestment Act of 2009. Subsequently, it expanded...