Melvin Team: Government Accountability Office: Information Technology Phone: (202) 512-6304 Recommendations for Executive Action ---------- Recommendation: To strengthen SSA's investment management capability and address weaknesses and to fully implement the key practices for building the investment foundation (Stage 2) for current and project-level future IT investments' success, the Commissioner of Social Security should direct the Chief Information Officer to establish comprehensive policies and procedures for defining the investment governance process that specify (1) investment board operating procedures, (2) delegations of authority, and (3) criteria for prioritizing new and ongoing investments.
Bush names top housing regulator President Bush has named Deputy Commissioner of Social Security James Lockhart to be the new top federal regulator of housing-finance giants Fannie Mae and Freddie Mac, the White House said Thursday.
The trustees - three members of the Clinton Cabinet, the commissioner of Social Security and two nongovernmental experts on the subject - reported that unless the law was changed to raise more revenue or hold down costs, the trust fund that pays the hospital bills for the elderly and disabled will go into the red in 2001, one year earlier than they had forecast last year.
Chater, Commissioner of Social Security, has said that "no short-term crisis exists and we should avoid creating an atmosphere where hasty decisions might be made.
Director: Daniel Bertoni Team: Government Accountability Office: Education, Workforce, and Income Security Phone: (202) 512-5988 Recommendations for Executive Action ---------- Recommendation: To improve SSA's management of its demonstration projects the Commissioner of Social Security should direct the Deputy Commissioner for the Office of Retirement and Disability Policy to establish written policies, procedures, and mechanisms for managing and operating its demonstration projects that are consistent with standard research practices and internal control standards in the federal government, including those for coordinating with internal and external stakeholders and sharing information with Congress.
