News & Analysis as of

Government Accountability Office Regulatory Oversight

Orrick, Herrington & Sutcliffe LLP

GAO pens letter to OCC’s Hood on outstanding recommendations

On May 15, the GAO penned a letter to the Acting Comptroller of the Currency, Rodney E. Hood, highlighting areas it believes warrant the OCC’s focus. First, the GAO recommended that the OCC establish policies and procedures...more

Orrick, Herrington & Sutcliffe LLP

GAO Report Reveals How Financial Institutions (And Their Regulators) Are Using AI

Curious about how financial institutions, their service providers, and their federal regulators are using and overseeing machine learning and other AI tools? A new GAO report published on May 19th (the “Report”) provides a...more

Orrick, Herrington & Sutcliffe LLP

GAO report focuses on AI use in financial services

On May 19, the GAO published a report discussing the use and oversight of AI in financial services. The report highlighted the benefits of AI, such as improved efficiency, reduced costs, and enhanced customer experience,...more

Fox Rothschild LLP

New GAO Decision Highlights Effective OCI Identification and Mitigation Practices

Fox Rothschild LLP on

Federal contractors need to be proactive about detecting and neutralizing or mitigating Organizational Conflicts of Interest (OCI). The FAR’s OCI provisions (currently found at FAR Subpart 9.5) promote the fairness and...more

Pillsbury - Bid Protest Debrief

No “Hard Facts,” No Win: GAO Denies Lockheed’s OCI Protest

In Lockheed Martin Corporation, B-423294, May 2, 2025, Lockheed Martin protested the Air Force’s handling of potential organizational conflicts of interest (OCIs) in a procurement for Tactical Operations Center – Light...more

Orrick, Herrington & Sutcliffe LLP

GAO agrees to investigate recent CFPB actions

On April 23, the GAO confirmed receipt of a request from Sens. Elizabeth Warren (D-MA) and Andy Kim (D-NJ) and agreed to investigate recent actions undertaken at the CFPB and the impact that DOGE and other CFPB actions have...more

Ballard Spahr LLP

GAO agrees to investigate attempted CFPB firings, other recent bureau actions

Ballard Spahr LLP on

The Government Accountability Office has agreed to investigate recent CFPB moves to fire more than 1,400 employees and the impact it and other agency actions have had on the bureau’s ability to operate....more

Holland & Knight LLP

GAO and OIG to Investigate the CFPB's Recent Staff Reductions

Holland & Knight LLP on

U.S. Sen. Elizabeth Warren (D-Mass.), on behalf of 40 Democratic Senators, wrote a letter to CFPB Acting Director Russell Vought on April 28, 2025, expressing "grave concerns" about the agency's ability to fulfill more than...more

Goodwin

Pressure Mounts for Broader Regulatory Oversight of Defense Industry Mergers

Goodwin on

The Department of Defense assessed an average of about 40 defense-related mergers and acquisitions each year from 2018 to 2022, a small portion of the roughly 400 defense mergers estimated to occur annually, according to a...more

Mintz - Health Care Viewpoints

Pharmacy Benefit Managers are on the Federal Government’s Radar: Senate, House, and Agency Proposals Seek to Increase PBM...

In conjunction with the surge in state legislative efforts to regulate the pharmacy benefit manager (PBM) industry, Congress and federal agencies have ramped up PBM oversight efforts as part of the ongoing battle to lower...more

Cadwalader, Wickersham & Taft LLP

FRB, FDIC and GAO Release Reports Reviewing Supervision of Silicon Valley Bank and Signature Bank

Last Friday, the Federal Reserve Board (“FRB”) and Federal Deposit Insurance Corporation (“FDIC”) released reports evaluating their supervision of the failed Silicon Valley Bank (“SVB”) and Signature Bank (“Signature”),...more

Ervin Cohen & Jessup LLP

GAO Report: Federal Regulation of Food-Related Issues Is Fractured

The U.S. Government Accountability Office (“GAO”) issued a July 2022 report to urging federal agencies to better coordinate regulatory guidance on food-related challenges, including diet-related chronic health conditions and...more

Orrick, Herrington & Sutcliffe LLP

U.S. Artificial Intelligence Regulation Takes Shape

Artificial Intelligence (AI) has the potential to create breakthrough advances in a wide range of industries, while raising legal and ethical questions that will likely define the next era of technological advancement. ...more

Sheppard Mullin Richter & Hampton LLP

Does Your Contract Work Abroad Require A Combatting Trafficking In Persons Compliance Plan? Now Is A Good Time To Check

The U.S. Government Accountability Office (“GAO”) recently released a new report finding that Army and Navy contracting officials were unaware of their oversight responsibilities regarding combating trafficking in persons....more

King & Spalding

Oversight Subcommittee on the Coronavirus Crisis Continues to Actively Investigate the Previous Administration’s Pandemic Response

King & Spalding on

When announcing the Democratic members of the Select Subcommittee on the Coronavirus Crisis for the 117th Congress, Chairman Jim Clyburn (D-SC) stated that, “In order to improve our nation’s response, the Select Subcommittee...more

Perkins Coie

Ransomware, Cyberattacks, and Cybersecurity for Pipelines and LNG Facilities

Perkins Coie on

Colonial Pipeline shut down 5,500 miles of its East Coast pipeline on May 7, 2021, in an effort to contain a security breach resulting from a ransomware attack. Colonial’s pipeline is one of the nation’s largest and carries...more

Morgan Lewis - Power & Pipes

GAO Finds Offshore Pipeline Oversight Lacking

On April 19, 2021, eleven years since the Deepwater Horizon explosion, the US Government Accountability Office (GAO) released a report issued to Congress criticizing the Department of Interior’s Bureau of Safety and...more

Robinson+Cole Data Privacy + Security Insider

GAO Says FAA Should Provide More Information to Industry Stakeholders on UTM

The Federal Aviation Administration (FAA) announced last week that it will be working with industry leaders and public stakeholders to develop a traffic management system for unmanned aircraft systems (UAS or drones). ...more

Bass, Berry & Sims PLC

GAO to Investigate PE-Backed Institutional Review Boards

Bass, Berry & Sims PLC on

The Government Accountability Office (GAO) has agreed to investigate the operations of for-profit Institutional Review Boards (IRBs) following a request made by Senators Elizabeth Warren (D-MA), Sherrod Drown (D-OH), and...more

Hogan Lovells

Five key takeaways from the Senate hearing on FDA oversight of foreign drug manufacturing

Hogan Lovells on

The pharmaceutical supply chain is extremely complex and relies on manufacturing sites located throughout the world. The COVID-19 pandemic has placed significant strain on this complex system. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

Enforcement Risks and the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, which was signed into law on March 27, 2020, provided for the establishment and expansion of a range of economic assistance programs designed to help...more

Holland & Knight LLP

Oversight and Investigations Related to COVID-19 Pandemic Spending and Federal Programs

Holland & Knight LLP on

The president signed into law on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), providing $2.2 trillion of emergency appropriations. The CARES Act provides a wide range of economic relief...more

Baker Donelson

A Flurry of Recent Activity Highlights Continued Interest in 340B Program Oversight

Baker Donelson on

Four separate government releases coming over a three-week period have once again highlighted the intense interest in the 340B drug pricing program, with a federal agency and two government watchdog groups issuing guidance...more

Robinson+Cole Data Privacy + Security Insider

GAO Says FAA Could Leverage Drone Test Site Data for More Effective Integration

The U.S. Government Accountability Office (GAO) wrote in a report published last week that the Federal Aviation Administration (FAA) has facilitated approximately 15,000 drone research flights since 2015, but that the FAA...more

McDermott Will & Emery

2020 Starts Off with Two Government Publications Critical of 340B Program Oversight

McDermott Will & Emery on

Less than two weeks into the new year, the federal government has released two new publications addressing concerns related to 340B Program oversight by both state and federal agencies. After a relatively quiet 2019, 340B...more

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