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GAO Counts 277 Open Recommendations for Congress
Fifty-three open matters could produce financial benefits, GAO says, including 13 with at least $1 billion in potential savings each.
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Fifty-three open matters could produce financial benefits, GAO says, including 13 with at least $1 billion in potential savings each.

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The Federal Reserve, FDIC and OCC lack documented procedures and cannot clearly connect long-cycle paperwork reviews to later regulatory changes, the watchdog found.

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The watchdog’s 16-year scorecard credits past congressional and agency action with $774.3 billion in benefits while tracking 610 unfinished items.

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GAO reviewed 311 commitments and found recurring delays, fragmented public access and incomplete procedures under the amended Case-Zablocki Act.