H.R.3364 - Federal Retirement Thrift Investment Board Inspector General Act of 2025 (119th Congress)
Summary
H.R.3364, the Federal Retirement Thrift Investment Board Inspector General Act of 2025, aims to amend Title 5 of the United States Code, specifically the Inspector General Act of 1978. The bill seeks to establish an Inspector General for the Federal Retirement Thrift Investment Board (FRTIB). This would provide independent oversight of the FRTIB's operations.
Expected Effects
The primary effect of this bill would be the creation of a dedicated Inspector General office within the FRTIB. This office would be responsible for auditing and investigating the FRTIB's activities. The intended outcome is to enhance accountability and transparency in the management of federal retirement funds.
Potential Benefits
- Enhanced oversight of the Federal Retirement Thrift Investment Board.
- Increased accountability and transparency in the management of retirement funds.
- Potential for early detection and prevention of fraud, waste, and abuse.
- Improved efficiency and effectiveness of FRTIB operations.
- Greater public trust in the management of federal retirement savings.
Most Benefited Areas:
Potential Disadvantages
- Potential for increased administrative costs associated with establishing and maintaining the Inspector General's office.
- Possible bureaucratic delays or inefficiencies due to increased oversight layers.
- Risk of political interference in the Inspector General's investigations.
- Potential for the Inspector General's office to overstep its authority or duplicate existing oversight functions.
- Possible conflicts between the Inspector General and the FRTIB's existing management structure.
Constitutional Alignment
The bill aligns with the Constitution's implied powers related to government oversight and the establishment of necessary and proper mechanisms for ensuring the efficient operation of government agencies. Article I, Section 8 grants Congress the power to make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution in the government of the United States, or in any department or officer thereof. The establishment of an Inspector General falls under this clause as a means to ensure proper management of government funds.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).