WASHINGTON – Congressman Patrick McHenry (R-NC), Republican leader of the House Financial Services Committee, sent letters to the eight Inspectors General (IG) of the agencies within the committee’s jurisdiction requesting an update on the agencies’ efforts to implement the IGs’ recommendations to reduce waste,
fraud, and abuse.
NCUA and the CFPB are two of the eight agencies.
McHenry highlighted the IGs “shared mission to reduce costs and improve efficiency throughout the federal bureaucracy,” through audits, investigations, and ultimately recommendations for reform, “with the potential to save taxpayers approximately $45.1 billion” in the most recent fiscal year.
The ranking member went on to request the IGs provide additional details on the agencies’ efforts to address these cost-saving recommendations, as the savings “can only be realized… when the agencies implement them.” Specifically, he asked for the IGs to identify unimplemented recommendations that their office considers “to be the most important or urgent,” as well as “whether agency management agreed or disagreed with the recommendation.”
Specific Information Requested
Congressman McHenry requested a response from each IG by Jan. 24, 2019 in which he is seeking the following information:
1. Which three open or unimplemented recommendations does your office consider to be the most important or urgent, including the status of the recommendation, including whether agency management has agreed or disagreed with the recommendation and the expected date of implementation; and the cost savings associated with the recommendation (if applicable)>
2. “Describe your office’s audit and investigative priorities for fiscal year 2019, to include start and end dates.”