VIDEO: “High Risk for 25 Years– The Six Riskiest Federal Programs”
Tomorrow, the House Oversight and Government Reform Committee will hold a hearing to examine the Government Accountability Office’s (GAO) 2015 High Risk Report. The High Risk Report identifies programs within the federal government that suffer from waste, mismanagement of federal dollars, fraud, or abuse. Additionally, in order to be listed in the report, a program must have a minimum of $1 billion dollars at “risk.”
WITNESSES: Panel I
The Honorable Gene L. Dodaro
U.S. Government Accountability Office
The Honorable John Koskinen
Internal Revenue Service
The Honorable Alan F. Estevez
Principal Deputy Under Secretary of Defense for Acquisition, Technology and Logistics
U.S. Department of Defense
Mr. John J. MacWilliams
U.S. Department of Energy
Shantanu Agrawal, M.D.
Deputy Administrator and Director
Center for Program Integrity
Centers for Medicare and Medicaid Services
Mr. Robert M. Lightfoot, Jr.
GAO’s criteria for “high risk” are explained in the 2000 guidance document, “Determining Performance and Accountability Challenges and High Risks.” The following criteria are considered by the GAO to determine whether or not a “high risk” designation should be applied to the program:
· GAO considers exposure to loss in monetary or other quantitative terms.
o At a minimum, $1 billion must be at risk.
· Other considerations include:
o Is the area of national significance or key to performance and accountability?
o Does the risk involve public health or safety, service delivery, national security, national defense, economic growth, or privacy or citizens’ rights?
o Could the risk result in significant impairment to service, program failure, injury or loss of life, or significantly reduced economy, efficiency, or effectiveness?
o Are corrective measures planned or underway to resolve material control weakness?