Rep. Brian K. Fitzpatrick, U.S. Representative for Pennsylvania's 1st District | Official U.S. House headshot
Rep. Brian K. Fitzpatrick, U.S. Representative for Pennsylvania's 1st District | Official U.S. House headshot
Reps. Brian Fitzpatrick and Joaquin Castro have put forth the Enhancing Development Finance Corporation Oversight Act of 2024, a bipartisan effort aimed at enhancing oversight and accountability of U.S. foreign aid programs. The legislation seeks to grant law enforcement authority to the Office of Inspector General (OIG) of the United States International Development Finance Corporation (DFC).
"The International Development Finance Corporation Office of Inspector General (DFC OIG) must be given law enforcement authority in order to properly provide oversight of its programs," stated Congressman Fitzpatrick, emphasizing the need for increased accountability in foreign aid programs.
Congressman Castro echoed the sentiment, highlighting the importance of maintaining integrity in government programs: "As U.S. global development projects continue to expand, Congress needs to ensure that DFC's OIG has the tools to maintain the highest level of integrity in DFC's operations."
Former Congressman Ted Yoho, lead author of the BUILD Act, expressed support for the bill, stating, "I believe it is critical that the agency's IG have the full suite of tools to properly conduct oversight of the agency's operations."
Rob Mosbacher, Jr., a member of the Modernizing Foreign Assistance Network, commended the bipartisan measure for providing the DFC's Office of Inspector General with necessary authority to ensure strong oversight and accountability of agency projects.
The legislation aims to restore appropriate law enforcement oversight to the DFC, ensuring that agency programs operate with integrity and efficiency. While the Department of Justice has not yet granted law enforcement authority to the DFC OIG, the Enhancing Development Finance Corporation Oversight Act of 2024 seeks to address this gap.
The bipartisan push by Fitzpatrick and Castro reflects a commitment to safeguarding U.S. development finance programs from waste, fraud, and abuse, setting a strong example of good governance both domestically and abroad.
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