Federal Reports

Crowe identified areas where opportunities exist for the NRC to improve its oversight of decommissioning trust funds (DTFs).  
Specifically, the four areas focus on creating policies and procedures, workflows, and other support to enhance the oversight of the use of DTFs: 
1. Additional monitoring or detailed review on the use of the DTFs; 
2. Additional financial oversight assistance when reviewing and monitoring the use of DTFs; 
3. Documented policies, procedures, and workflows; and,  
4. Master list of sites with license conditions. 
We also identified best practices developed by the NRC for the use of DTFs when licensees are restarting nuclear reactors that
were formerly in decommissioning status.  Key best practices include a universal process for establishing a regulatory hold
point, tracking the level of effort, and instituting a license condition for the restarting plant related to the use of its DTFs.

The Office of Inspector General is issuing this audit report to determine the U.S. Small Business Administration’s (SBA) efforts to collect on delinquent Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loans (EIDL) with collateral and personal guarantors.

We found that SBA did not perfect its security interest on borrower deposit accounts, conduct post-default site visits, report all delinquent obligors to credit bureaus, or refer debts to the U.S. Department of Justice for litigation.

We recommended SBA conduct a study to determine the minimum loan dollar thresholds for performing site visits, implement policies and procedures based the results of that study, and ensure post-default site visits are conducted and available collateral is liquidated on delinquent COVID-19 EIDLs; verify that all delinquent COVID-19 EIDL obligors are reported to credit bureaus in a timely manner; and confer with the U.S. Department of Justice to establish a reasonable standard for referring delinquent COVID-19 EIDLs for litigation.

SBA management agreed with one recommendation and disagreed with two. Management’s planned action resolved Recommendation 2; however, management’s response did not resolve Recommendations 1 and 3.