What does Preamble of NeighborWorks Accountability Act do?

This bill is formally titled 'To establish an Inspector General of the Neighborhood Reinvestment Corporation, and for other purposes.'

What does SHORT TITLE. of NeighborWorks Accountability Act do?

This Act is formally titled the NeighborWorks Accountability Act.

What does AUTHORIZATION OF INSPECTOR GENERAL OF THE NEIGHBORHOOD of NeighborWorks Accountability Act do?

This section amends Title 5, United States Code, Section 415(a)(1)(A) to include the Neighborhood Reinvestment Corporation. It authorizes appropriations to the Office of Inspector General of the Neighborhood Reinvestment Corporation to carry out the Act. It clarifies that program operating responsibilities will not be transferred to the Office of Inspector General. It mandates an annual independent external audit of the corporation's accounts by certified public accountants. The audits must be conducted in accordance with generally accepted auditing standards.

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NeighborWorks Accountability Act

Last updated: 12/4/2025 · Introduced: 12/4/2025

Author: James Walkinshaw (D-VA)

TL;DR (AI)

This bill establishes an Inspector General for the Neighborhood Reinvestment Corporation to oversee its operations.
It requires the Neighborhood Reinvestment Corporation to undergo annual independent external audits by certified public accountants.
The bill authorizes funding for the Inspector General's office while clarifying that program responsibilities will remain separate.

119th Congressin committeeS. 2651(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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