Oversight and accountability

Federal Reserve Opens Comment Period for American Exchange Co. BHC Application

1 min read7 hours ago

The Federal Reserve seeks comments by Sept. 8, 2026 on American Exchange Company's request to become a bank holding company through acquisition of American Exchange Bank.

Economy

Federal Reserve Issues Change-in-Control Notice for Dunlap Trust Acquisition

1 min read7 hours ago

Comments on the Dunlap Trust's proposed purchase of County Bank Shares must be filed by Aug. 12, 2026.

Economy

Federal Reserve opens comment period on Citizens Bancshares acquisition

1 min read7 hours ago

Comments on the proposed 47.03% acquisition of Citizens Bancshares must be filed by Aug. 27, 2026.

Economy

Federal Reserve posts change-in-control notice for Anderson family share purchase

1 min read7 hours ago

The Anderson Family Group's proposed acquisition of voting shares in F&M Bancshares, Inc. is open for public comment through August 14, 2026.

Economy

Federal Reserve opens comment period on Bank7 Corp acquisition of Century Financial

1 min read8 hours ago

Bank7 Corp's proposed acquisition of Century Financial Services and indirect purchase of Century Bank is open for comment through September 2, 2026

Economy

Federal Reserve Opens Comment Period on Hoosier Heartland Holding Company Acquisition

1 min read8 hours ago

Public comments on the Trust's proposed 25.93% stake in Heartland State Bancorp are due by Sept. 10, 2026.

Economy

Federal Reserve opens comment period on 7 Gen Holdings bank holding company application

1 min read8 hours ago

Comments on 7 Gen Holdings' request to become a bank holding company by acquiring Legacy Bank must be filed by Sept. 14, 2026.

Economy

Silver Queen Financial Services seeks Fed approval to become a bank holding company

1 min read8 hours ago

Application filed Aug. 14, 2026; comments due Sept. 16, 2026

Economy

Federal Reserve opens comment period for Docking Family's Docking Bancshares acquisition

1 min read8 hours ago

The Docking Family Control Group seeks approval to acquire voting shares of Docking Bancshares Inc.; comments must be filed by Aug. 31, 2026.

Economy

Federal Reserve Issues Change-in-Control Notice for First San Benito Bancshares Acquisition

1 min read9 hours ago

Public comments are accepted through Sept. 1, 2026 on a group's request to retain voting shares of First San Benito Bancshares and First Community Bank.

Economy

Fed Board Opens Comment Period on Isabella Bank Merger Application

1 min read9 hours ago

Comments on Isabella Bank Corp.'s proposed merger with Grand River Commerce must be filed by Sept. 3, 2026.

Economy

Federal Reserve opens comment period on Holloway Family bank share acquisition

1 min read9 hours ago

The Holloway Family Control Group's proposed acquisition of voting shares in Santa Fe Trail Banc Shares, Inc. and Centera Bank is open for public comment through Aug. 28, 2026.

Economy

Federal Reserve publishes notice of share acquisition of Odin State Bank

1 min read9 hours ago

The Judy Harder and J. Fischer trusts seek to acquire voting shares of Odin Bancshares and Odin State Bank; comments are due by Aug. 20, 2026.

Economy

SEC Issues Notice on Parvin Fund's Request for Investment Company Exemptions

1 min read9 hours ago

Parvin Decentralized Fund and Parvin Fund Management seek exemptions to issue multiple share classes and impose early-withdrawal and asset-based fees; hearing requests must be filed by Sept. 7, 2026.

Economy

MIAX Pearl Announces Immediate Fee Schedule Changes for Non-Penny Options

1 min read9 hours ago

Market makers and professional-origin participants on MIAX Pearl face reduced rebates and higher taker fees effective upon filing on July 31 2026

Economy

MIAX Sapphire Implements Immediate Fee Schedule Changes to Routing Table

1 min read10 hours ago

Members of MIAX Sapphire must follow the revised routing fees, effective July 31 2026.

Economy

SEC Issues Notice on Elevation Series Trust Subadvisor Exemption Request

1 min read10 hours ago

The notice binds Elevation Series Trust and Norris Perné and French LLP, whose exemption request will be granted unless a hearing is filed by Sept. 7, 2026.

Economy

SEC seeks comments on extended Form N-2 information collection

1 min read10 hours ago

Closed-end funds and business development companies filing Form N-2 must comment by Oct. 16, 2026 on the SEC's proposed extension of the collection.

Economy

SEC Issues Notice of Exemption Application by Stone Point Credit Income Fund

1 min read10 hours ago

The filing seeks to let Stone Point Credit Income Fund and similar BDC-registered closed-end funds issue multiple share classes with varied fees, pending hearing requests by Sept. 7, 2026.

Economy

SEC Issues Notice on Multi-Class ETF Fund Exemption Application

1 min read10 hours ago

Northern Lights Fund Trust and Ocean Park Asset Management seek SEC exemption to launch multi-class ETF funds; order will be issued unless a hearing is requested by 5:30 p.m. ET on September 8 2026.

Elsewhere

What other outlets are reporting on this beat. We link out; we do not republish.

U.S. GAO - Nuclear Fuel: Actions Needed to Enhance Cost Reporting and Economic Analysis for Federal Uranium Supply Efforts
Fast Facts The National Nuclear Security Administration provides enriched uranium for U.S. national security needs. NNSA is pursuing 3 long-term efforts to enrich uranium, which will cost an estimated $140 billion through 2105. However, it hasn't reported to Congress on these costs as required. Meanwhile, the Department of Energy is working to expand uranium enrichment in the U.S. for civilian purposes, mainly for nuclear fuel. But it needs to complete an economic analysis—including a review of costs and benefits—to ensure that its efforts are successful. Our recommendations address these issues. U is the Chemical Symbol for Uranium; 235 and 238 are its Most Important Isotopes Two wooden blocks. One with the chemical symbol U for uranium; the other with 235 and 238. Skip to Highlights Highlights What GAO Found The National Nuclear Security Administration (NNSA) is preserving a sufficient inventory of low-enriched uranium (LEU) and highly enriched uranium (HEU) to meet national security needs until the 2040s. Separately, the largest needs for civilian enriched uranium are fuel for light water and advanced reactors. Estimates from the Department of Energy (DOE) and others about LEU supply and demand are generally well established, but factors such as the ban on LEU imports from Russia could affect availability. Demand estimates for high-assay low-enriched uranium (HALEU) vary, and estimated supply may not meet near-term demands. National Security and Civilian Use of Enriched Uranium NNSA has a plan to meet national security needs for enriched uranium that includes using current inventory until the 2040s while pursuing three enrichment efforts for long-term needs. NNSA estimates total program costs for these efforts of about $140 billion through 2105. NNSA has not yet conveyed those costs in a biennial report required by Congress because the estimates are new. Providing this information would inform Congress of future costs for any future production options being consi
GAO reports 18 hours ago
U.S. GAO - Army Modernization: Better Schedule and Cost Information Needed to Support Scaling Battlefield Network
Fast Facts The Army has two efforts underway to modernize its mobile battlefield communication technologies, making them more reliable and secure for modern large-scale combat operations. The first effort is a near-term upgrade to eliminate large, immobile command posts that are easy to destroy. The second effort is ongoing and should provide the Army with a long-term mobile network solution when complete. But the Army doesn't have detailed schedule or cost information for this effort. This increases the risk these technologies will not be given to all Army units by FY 2032, as tentatively planned. Our recommendations address this issue. Close up of the words "U.S. Army" on Army fatigues. Skip to Highlights Highlights What GAO Found The Army’s two efforts to modernize its battlefield networks—the nearer-term Command and Control Fix (C2 Fix) and the longer-term Next Generation Command and Control (NGC2)—seek to make command and control more adaptive, survivable, and better suited for modern large-scale combat operations. Representation of Evolution of Battlefield Network Through Next Generation Command and Control (NGC2) The Army’s approach to developing C2 Fix and NGC2 incorporates some key elements of an iterative business case. For example, the Army is using a flexible acquisition approach that collects user feedback and makes changes based on evolving market conditions and product capabilities. However, the Army has not taken important steps to implement other key elements that could position the Army to assess the scalability of these efforts. Specifically: The Army developed short-term schedules for NGC2 through fiscal year 2027 with a tentative goal of fielding NGC2’s full technology stack across 11 divisions and four corps by the end of fiscal year 2032. However, the Army is not well positioned to assess its ability to meet this timeline because it has not developed a detailed schedule that identifies the specific units, by fiscal year, that will receive the
GAO reports 18 hours ago
U.S. GAO - Security Cooperation Workforce: DOD Plans to Fully Implement Reforms by Fiscal Year 2028
Fast Facts DOD’s security cooperation workforce builds the capacity of partner nations' security forces through activities like training and weapons sales—valued at $104.4 billion in FY 2025. To ensure this workforce has the right skills and technologies, the FY 2024 National Defense Authorization Act directed DOD to improve the workforce's management and professional development. Facing staffing and other challenges, DOD has completed work on 46 of the 66 reforms we identified in the act. For example, DOD created new professional certification levels and requirements for training. DOD plans to implement all reforms by the end of FY 2028. Military personnel writing at desks. Skip to Highlights Highlights What GAO Found Five Defense Security Cooperation Agency (DSCA) teams are implementing the security cooperation workforce provisions in the National Defense Authorization Act for Fiscal Year 2024. Of the 66 provisions in the law we identified and reviewed, the agency has completed work on 46, is in progress on 15, and has not started implementing the remaining five. DSCA expects to complete work on all security cooperation workforce provisions in fiscal year 2028. For example: The Human Capital Initiative has completed work on 23 provisions and is in progress on 11 provisions. For example, the team has completed the provision to identify and code security cooperation workforce positions. It is in progress of implementing the provision to develop a management information system with the qualification, assignments, and tenure of security cooperation workforce personnel. The Defense Security Cooperation Service has completed work on two of four provisions related to ensuring that security cooperation workforce offices possess the requisite personnel, and that such personnel possess the skills needed to properly perform their missions. Status of Security Cooperation Workforce Provisions, by Defense Security Cooperation Agency Implementation Team, as of May 2026 Note: DSC
GAO reports 18 hours ago
Pentagon rebuffed repeated requests for Golden Dome brief: CBO
Breaking Defense 2 days ago
The watchdog gets watched: GAO’s hiring process length faces scrutiny
GAO in fiscal 2024 took an average of around 103 days to hire employees into mission critical positions. John M. Chase / Getty Images The Government Accountability Office is an independent legislative branch agency that reviews the effectiveness and efficiency of federal programs. For example, in recent weeks, GAO has issued reports finding that the State Department could be overspending on residences for overseas employees because certain housing standards haven’t been updated in more than three decades and that the Federal Emergency Management Agency cut staff without considering the impacts on disaster operations. GAO’s own watchdog, however, determined in a report published on Monday that the oversight agency is taking longer to hire than other federal agencies and that there are issues with how it measures certain hiring data, which could impede efforts to shorten the time that it takes to recruit. “The length of GAO’s hiring process increases the agency’s risk of not meeting its stated goal of hiring well-qualified candidates because prospective employees may accept other job opportunities while waiting for GAO to complete its hiring process,” the inspector general for the GAO wrote. In fiscal 2024, the IG reported that GAO took an average of about 103 days to hire employees into roles that have been deemed mission critical occupations across government (e.g. information technology management). To compare, the agency’s internal hiring target is 98 to 101 days, and the Office of Personnel Management’s hiring goal for executive branch agencies is 80 days. For instance, it took executive branch agencies that are part of an OPM dashboard an average of 72.1 days to hire for contracting roles in fiscal 2024 compared with 110.1 days for GAO to recruit for identical positions. GAO’s chief human capital officer defended the hiring length in a letter attached to the report, noting that the agency “relies heavily on multiple rounds of interviews as an important part of o
Government Executive 2 days ago
U.S. GAO - Priority Open Recommendations: National Aeronautics and Space Administration
Skip to Highlights Highlights What GAO Found In August 2025, GAO identified three priority recommendations for the National Aeronautics and Space Administration (NASA). Since then, NASA has not implemented any priority recommendations. In July 2026, GAO identified an additional priority recommendation, bringing the total to four. GAO is highlighting the following three areas that warrant timely and focused attention: Monitoring program costs, Managing cybersecurity risks, and Using federal contracting metrics. Addressing GAO's recommendations in these areas would enhance NASA's efforts to improve transparency into Artemis program and mission costs; help NASA understand its cybersecurity risks by performing an organization-wide cybersecurity risk assessment to identify and mitigate the highest priority cyber threats across the enterprise; and position NASA to make more informed management decisions and potentially save millions of dollars in its procurements. Taking action to implement all of GAO's open priority recommendations would help enhance the efficiency and effectiveness of operations across NASA. Why GAO Did This Study Priority open recommendations are the GAO recommendations that warrant priority attention from heads of key departments or agencies because their implementation could save large amounts of money; improve congressional and/or executive branch decision-making on major issues; eliminate mismanagement, fraud, and abuse; or make progress toward addressing a high risk or duplication issue, among other benefits. Since 2015, GAO has sent letters to selected agencies to highlight the importance of implementing such recommendations. For more information, contact Timothy J. DiNapoli at [email protected].` Full Report
GAO reports 2 days ago
U.S. GAO - Defense Health Care: DOD Should Assess Its Needs for Managing Potential Brain Health Effects from Weapons Blast Exposures
Fast Facts There's growing evidence that service members' brain health may be at risk due to blast exposures from certain weapons they fire during training or combat. Firing these weapons can expose service members to blast overpressure waves, which may cause problems such as headaches, memory loss, or traumatic brain injury. In 2024, DOD routinely started monitoring service members' brain health and tracking those who've been exposed to blasts. But resource constraints—including a lack of dedicated staff—could hamper progress. We recommended DOD comprehensively assess the resources needed for these efforts. Service member with flag on shoulder. Skip to Highlights Highlights What GAO Found The Department of Defense (DOD) and its components—relevant DOD offices and the military departments (Army, Navy, and Air Force)—are taking steps to prevent and mitigate the brain health effects of blast exposure. In 2024, DOD established several blast overpressure requirements, including one requiring that brain health be monitored. Specifically, this requires that all high-risk active duty service members complete a baseline cognitive assessment in fiscal year 2025 and all new service members complete one during initial military training. DOD also required tracking service members’ exposures to blast overpressure. As of fiscal year 2025, components have begun to implement tracking requirements, including updating the centralized data system to be able to track exposures. Figure: Number of Cognitive Assessments Completed in Fiscal Year 2025 Note: For more details, see fig. 4 in GAO-26-107829. According to DOD documentation and interviews, DOD components faced resource challenges: Cognitive assessments. DOD component officials reported that implementation was hindered by resource constraints, such as insufficient staff and technology to conduct the assessments, and that these challenges may affect their ability to meet additional requirements going forward. Such requirements expan
GAO reports 3 days ago
U.S. GAO - Time to Hire: Using More Reliable Data Could Help GAO Monitor The Length of Its Hiring Process
Fast Facts GAO competes with other federal agencies and the private sector to hire the best candidates to meet its mission. However, GAO’s hiring timeliness goal is about 20 days longer than the executive branch’s goal of 80 days. A shorter hiring process could reduce the risk of GAO losing qualified candidates to other opportunities. In FY 2024, internal calculations on the hiring process excluded some employees and relied on inaccurate dates. GAO also used inconsistent target time frames internally. This impacted GAO’s ability to effectively monitor and improve its hiring process. The OIG made recommendations to GAO to address this and other issues. Graphic of a hand holding a sphere with team and HR icons. Skip to Highlights Highlights What the OIG Found GAO aims to provide Congress, the heads of executive agencies, and the public with timely, fact-based, non-partisan information that can be used to improve government and save taxpayers billions of dollars. To execute its mission, GAO relies on a highly-qualified workforce that includes employees in mission-critical occupations (MCO) such as contracting, human resources management, and information technology management. In FY 2024, GAO’s hiring of MCO employees took about 103 days on average, which is longer than its internal target of 98 or 101 days (depending on the application review process used), OPM’s goal of 80 days for executive branch agencies, and executive branch agencies’ reported time frames depicted on OPM’s public dashboard. GAO competes with the private sector and other federal agencies to hire highly-qualified employees. Hiring employees more quickly could decrease the risk of GAO losing qualified candidates to other opportunities and improve its ability to meet the needs of Congress. In addition, the agency’s internally-reported calculations on the timeliness of hiring excluded about 30 percent of the employees hired in MCOs and were based on inaccurate dates for when hiring actions began. Final
GAO reports 4 days ago

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