Bill · S. 2484· Senate(119-S-2484)
NeighborWorks Accountability Act
- Introduced
- 7/28/2025
- Last activity
- 7/28/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Bill Hagerty
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The NeighborWorks Accountability Act (S. 2484) aims to improve oversight and accountability within the Neighborhood Reinvestment Corporation. It does this by establishing an Inspector General for the corporation. The bill amends title 5 of the United States Code to include the Neighborhood Reinvestment Corporation under the list of entities that require an Inspector General. It also ensures that the Inspector General's office has the necessary funds to carry out its duties, but restricts them from taking over program operating responsibilities. Finally, it mandates annual independent external audits of the corporation's accounts, separate from any audits conducted by the Inspector General.
Yes· 3 of 27
Does this make what the government does easier for the public to see?+5
The bill improves government transparency by establishing an Inspector General and requiring independent audits for the Neighborhood Reinvestment Corporation.
Would households on low incomes be better off under this?+3
The bill improves oversight of the Neighborhood Reinvestment Corporation, potentially leading to more effective allocation of resources for programs benefiting low-income households.
Would middle-income households be better off under this?+2
The bill's better oversight of the Neighborhood Reinvestment Corporation could lead to more efficient use of funds, indirectly benefiting middle-class households.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Enhanced Oversight: Establishing an Inspector General for the Neighborhood Reinvestment Corporation could lead to better oversight and accountability. This could reduce waste, fraud, and abuse, ultimately ensuring that resources are used more effectively to benefit communities (Section 2).
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Independent Audits: Requiring annual independent external audits of the corporation's accounts could provide an unbiased assessment of its financial health and management practices (Section 2(c)). This transparency can help ensure the corporation operates responsibly and in the best interests of the public.
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Funding for Oversight: The bill authorizes appropriations to the Office of Inspector General, which means that this office will have the funding needed to be effective. This means that there should be appropriate and effective oversight of the Neighborhood Reinvestment Corporation (Section 2(b)).
Potential Negative Impacts for People
- The bill does not explicitly outline any potential negative impacts for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+3Good For Middle Class Households+2Good For Rural Residents+2Good For Urban Residents+2Good For African Americans+1Good For Asian Americans+1Good For Business Owners+1Good For Children+1Good For Hispanic Americans+1Good For Immigrants+1Good For Men+1Good For Middle Aged+1Good For Native Americans+1Good For People With Disabilities+1Good For Retirees+1Good For Seniors+1Good For White Americans+1Good For Women+1Good For Young Adults+1
- Governance And Ideology
- Improves Government Transparency+5Increases Federal Power+1
- Economy And Finance
- Improves Fiscal Responsibility+2Improves Consumer Protection+1Improves Small Business Support+1
- Social Issues And Justice
- Improves Affordable Housing+2Improves Poverty Reduction+1Reduces Homelessness+1
- 7/28/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.