Today's GAO Reports - May 20, 2009

The Government Accountability Office (GAO) today released the following reports and testimonies:

Reports

1. Sovereign Wealth Funds: Laws Limiting Foreign Investment Affect Certain U.S. Assets and Agencies Have Various Enforcement Processes. GAO-09-608, May 20.  Highlights

2. Designated Federal Entities: Survey of Governance Practices and the Inspector General Role. GAO-09-270, April 20.  Highlights

Testimonies

1. Space Acquisitions: DOD Faces Substantial Challenges in Developing New Space Systems, by Cristina T. Chaplain, director, acquisition and sourcing management, before the Subcommittee on Strategic Forces, Senate Committee on Armed Services. GAO-09-705T, May 20.  Highlights

2. Pension Benefit Guaranty Corporation: Financial Challenges Highlight Need for Improved Governance and Management, by Barbara D. Bovbjerg, director, education, workforce, and income security, before the Senate Special Committee on Aging. GAO-09-702T, May 20.  Highlights

3. U.S. Postal Service: Network Rightsizing Needed to Help Keep USPS Financially Viable, by Phillip Herr, director, physical infrastructure issues, before the Subcommittee on Federal Workforce, Postal Service, and the District of Columbia, House Committee on Oversight and Government Reform. GAO-09-674T, May 20.  Highlights

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