GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
Flood insurance protects homeowners from financial loss after a flood.
FEMA's National Flood Insurance Program requires homeowners with federally regulated mortgages to purchase flood insurance for properties located in high-risk areas.
In 2017, hurricanes knocked out Puerto Rico's electricity grid and caused an 11-month blackout—the longest in U.S. history. Efforts are underway to rebuild a more resilient grid.
FEMA has worked with Puerto Rico to assess grid damage, estimate costs, and more.
The Federal Housing Finance Agency's goal is to keep the housing finance system healthy by supervising and regulating Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System.
The agency spent $296.6 million in FY 2020 to do its work.