Today's GAO Reports - May 07, 2009

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

Reports

1. Global Positioning System: Significant Challenges in Sustaining and Upgrading Widely Used Capabilities. GAO-09-325, April 30.  Highlights

2. Insurance Reciprocity and Uniformity: NAIC and State Regulators Have Made Progress in Producer Licensing, Product Approval, and Market Conduct Regulation, but Challenges Remain. GAO-09-372, April 6.  Highlights

Correspondence

1. Tax Administration: Possible Implications of Expanding Refund Offset Provisions. GAO-09-571R, May 7.

Testimonies

1. Hedge Funds: Overview of Regulatory Oversight, Counterparty Risks, and Investment Challenges, by Orice M. Williams, director, financial markets and community investment, before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, House Committee on Financial Services. GAO-09-677T, May 7.  Highlights

2. Global Positioning System: Significant Challenges in Sustaining and Upgrading Widely Used Capabilities, by Cristina T. Chaplain, director, acquisition and sourcing management, before the Subcommittee on National Security and Foreign Affairs, House Committee on Oversight and Government Reform. GAO-09-670T, May 7.  Highlights

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