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.
Congress created Opportunity Zones to spur investment in distressed communities. About 10% of Americans live in the nearly 9,000 zones.
In these areas, certain business investments can bring significant tax benefits to the investor.
For the English version of this page, see GAO-20-168.
Examinamos cómo la Agencia Federal para el Desarrollo de la Pequeña Empresa (SBA, por sus siglas en inglés) planeó y respondió a los huracanes Harvey, Irma, y María en 2017, entre otras cosas.
Para la versión de esta página en español, ver a GAO-20-369.
We reviewed how the Small Business Administration planned for and responded to Hurricanes Harvey, Irma, and Maria in 2017, among other things.
What GAO Found Based on discussions with stakeholders and GAO's past work, reducing federal exposure and improving resilience to flooding will require comprehensive reform of the National Flood Insurance Program (NFIP) that will need to include potential actions in six key areas (see figure below).
What GAO Found The Department of the Treasury's (Treasury) elimination of paper savings bonds made buying bonds more difficult for some customers, but GAO's analyses generally indicated that the decline in bond purchases after the change was not statistically significant.
What GAO Found As of March 31, 2015, 64 of the 84 participating banks and credit unions remained in the Community Development Capital Initiative (CDCI), and 80 percent of the Department of the Treasury's (Treasury) $570 million total investment remained outstanding.
What GAO Found The financial structures of New Markets Tax Credit (NMTC) investments have become more complex and less transparent over time. The increased complexity is due, in part, to combining the NMTC with other federal, state, and local government funds.
What GAO Found As of April 30, 2014, 82 percent of the Department of the Treasury's (Treasury) $570 million total investment in eligible banks and credit unions through the Community Development Capital Initiative (CDCI) was still outstanding.