Congressional Research Service Reports - 22 Matching Results

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Accounting Problems at Fannie Mae

Description: On September 22, 2004, the Office of Federal Housing Enterprise Supervision (OFHEO) made public a report that was highly critical of accounting methods at Fannie Mae, the government-sponsored enterprise that plays a leading role in the secondary mortgage market. OFHEO charged Fannie Mae with not following generally accepted accounting practices in two critical areas: (1) amortization of discounts, premiums, and fees involved in the purchase of home mortgages and (2) accounting for financial derivatives contracts. According to OFHEO, these deviations from standard accounting rules allowed Fannie Mae to reduce volatility in reported earnings, present investors with an artificial picture of steadily growing profits, and, in at least one case, to meet financial performance targets that triggered the payment of bonuses to company executives. On November 15, 2004, Fannie Mae reported that it was unable to file a third-quarter earnings statement because its auditor, KPMG, refused to sign off on the accounting results. On December 15, 2004, the Securities and Exchange Commission (SEC), after finding inadequacies in Fannie’s accounting policies and methodologies, directed Fannie Mae to restate its accounting results since 2001. Shortly thereafter, the company’s CEO and CFO resigned. It is estimated that earnings since 2001 will be revised downwards by as much as $12 billion, but the formal restatement of earnings is not expected before late 2006.
Date: November 15, 2005
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department

Appropriations for FY2001: Commerce, Justice, and State, the Judiciary, and Related Agencies

Description: Appropriations are one part of a complex federal budget process that includes budget resolutions, appropriations (regular, supplemental, and continuing) bills, rescissions, and budget reconciliation bills. This report is a guide to one of the 13 regular appropriations bills that Congress passes each year. It is designed to supplement the information provided by the House and Senate Appropriations Subcommittees on the Departments of Commerce, Justice, and State, the Judiciary and Related Agencies.
Date: September 15, 2000
Creator: Knight, Edward
Partner: UNT Libraries Government Documents Department

Appropriations for FY2002: Transportation and Related Agencies

Description: Appropriations are one part of a complex federal budget process that includes budget resolutions, appropriations (regular, supplemental, and continuing) bills, rescissions, and budget reconciliation bills. This report is a guide to one of the 13 regular appropriations bills that Congress passes each year. It is designed to supplement the information provided by the Subcommittees on Transportation of the House and Senate Committees on Appropriations.
Date: January 15, 2002
Creator: Kirk, Robert S. & Peterman, David Randall
Partner: UNT Libraries Government Documents Department

Appropriations for FY2003: Interior and Related Agencies

Description: Appropriations are one part of a complex federal budget process that includes budget resolutions, appropriations (regular, supplemental, consolidated, and continuing) bills, rescissions, and budget reconciliation bills. This report is a guide to one of the 13 regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House and Senate Interior Appropriations Subcommittees.
Date: March 15, 2003
Creator: Hardy-Vincent, Carol & Boren, Susan
Partner: UNT Libraries Government Documents Department

Appropriations for FY2003: Labor, Health and Human Services, and Education

Description: Appropriations are one part of a complex federal budget process that includes budget resolutions, appropriations (regular, supplemental, and continuing) bills, rescissions, and budget reconciliation bills. This report is a guide to one of the 13 regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House and Senate Labor, Health and Human Services, and Education Appropriations Subcommittees.
Date: January 15, 2003
Creator: Irwin, Paul M.
Partner: UNT Libraries Government Documents Department

Appropriations for FY2005: U.S. Department of Agriculture and Related Agencies

Description: Appropriations are one part of a complex federal budget process that includes budget resolutions, appropriations (regular, supplemental, and continuing) bills, rescissions, and budget reconciliation bills. This Report is a guide to one of the 13 regular appropriations bills that Congress passes each year. It is designed to supplement the information provided by the House and Senate Appropriations Subcommittees on Agriculture.
Date: July 15, 2004
Creator: Chite, Ralph M.
Partner: UNT Libraries Government Documents Department

The Defense Base Act (DBA): The Federally Mandated Workers' Compensation System for Overseas Government Contractors

Description: This report provides an overview of the Defense Base Act (DBA) and the systems used to provide DBA insurance at the Department of State (DOS), the U.S. Agency for International Development (USAID), the Department of Defense (DOD), and the U.S. Army Corps of Engineers (USACE). Also included are criticisms of the current DOD DBA policy raised by the Government Accountability Office (GAO) and Army auditors as well as responses to those criticisms by DOD and USACE. The report concludes with a discussion of several DBA reform options suggested by the House of Representatives in recent legislation.
Date: September 15, 2008
Creator: Grasso, Valerie Bailey; Szymendera, Scott & Webel, Baird
Partner: UNT Libraries Government Documents Department

Department of Homeland Security: Appropriations Transfer Authority

Description: The Administration’s proposals regarding appropriations transfer authority have sparked controversy and engendered significant modifications in pending legislative proposals. This report defines appropriations transfer authority and explains its legal basis, examines recent congressional practices in this area, and assesses the current proposals regarding appropriations transfer authority for the DHS.
Date: November 15, 2002
Creator: Keith, Robert
Partner: UNT Libraries Government Documents Department

Labor, Health and Human Services, and Education: FY2009 Appropriations

Description: This report discusses budget appropriations that is one part of a complex federal budget process that includes budget resolutions, appropriations (regular, supplemental, consolidated, and continuing) bills, rescissions, and budget reconciliation bills. This report is a guide to one of the 13 regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House and Senate Labor, Health and Human Services, and Education Appropriations Subcommittees.
Date: January 15, 2009
Creator: Smith, Pamela W.; Skinner, Rebecca R. & Mayer, Gerald
Partner: UNT Libraries Government Documents Department

The National Counterterrorism Center (NCTC)--Responsibilities and Potential Congressional Concerns

Description: This report looks at inadequacies present in the National Counterterrorism Center (NCTC) which prevent the Center from adequately performing its duty. These inadequacies include issues with agency organization, lack of resources, and a focus on threats from Yemen over domestic threats.
Date: January 15, 2010
Creator: Best, Richard A., Jr.
Partner: UNT Libraries Government Documents Department

U.S. National Science Foundation: An Overview

Description: The National Science Foundation (NSF) was created by the National Science Foundation Act of 1950, as amended (P.L.81-507). The NSF has the broad mission of supporting science and engineering in general and funding basic research across many disciplines. The agency provides support for investigator-initiated, merit-reviewed, competitively selected awards, state-of-the-art tools, and instrumentation and facilities. The majority of the research supported by the NSF is conducted at U.S. colleges and universities. The Administration's FY2013 budget request for NSF is $7,373.1 million, 4.8% above the FY2012 estimated level of $7,033.1 million.
Date: March 15, 2012
Creator: Matthews, Christine M.
Partner: UNT Libraries Government Documents Department

United Nations Reform: Background and Issues for Congress

Description: This report examines reform priorities from the perspective of several key actors, including Members of Congress, the Obama Administration, selected member states, the U.N. Secretary-General, and a cross-section of groups tasked with addressing U.N. reform. It also discusses congressional actions related to U.N. reform and mechanisms for implementing reform, as well as possible challenges facing U.S. policy makers as they consider existing and future U.N. reform efforts.
Date: May 15, 2015
Creator: Blanchfield, Luisa
Partner: UNT Libraries Government Documents Department