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.
While automated tools to assess home values are becoming more common, federally regulated banks and credit unions still obtain appraisals from state-credentialed appraisers for most home loans to protect themselves and borrowers.
Foreign trade partners retaliated for increased U.S. tariffs in 2018—reducing U.S. exports of certain agricultural commodities. USDA gave affected farm producers $23 billion in 2018 and 2019 to compensate for lost exports.
FINRA is a securities industry organization that regulates over 3,400 U.S. securities firms. The Securities and Exchange Commission (SEC) also regulates the industry.
Reviewing FINRA's regulatory work is critical to SEC's mission of protecting investors and maintaining fair, efficient markets.
Some criminal groups use a process called trade-based money laundering to hide their illicit funds. These schemes can include things like falsely describing goods and services in trade transactions.
Schemes can involve many types of illicit activity that cut across multiple federal agencies' roles.
Asset management firms manage trillions of dollars. Minority- and women-owned firms manage very few of these assets. These firms face challenges when competing for investment management opportunities in both the private and federal sectors.
The Treasury Department's Troubled Asset Relief Program was a response to the 2007-2009 financial crisis. Treasury used TARP to distribute hundreds of billions of dollars in assistance to financial institutions and others.
TARP had 2 investment programs left as of Sept. 30, 2021.
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 $317.6 million in FY 2021 to do its work.
Treasury's Troubled Asset Relief Program was originally authorized to spend $700 billion to help prevent the U.S. financial system's collapse in 2008. As of September 30, 2021, TARP had spent $443.4 billion.