In northern Virginia, the average price of a detached, single-family home exceeded $1 million in April 2022. In February of the same year, there were less than 900 homes for sale in the region, down from about 1,600 just one year prior.
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I. AUTHORITY
The Subcommittee on Federal Spending Oversight and Emergency Management focuses on the effectiveness and efficiency of Federal financial management; agency policies to promote program integrity and the prevention of waste, fraud, and abuse; policies and procedures related to Federal contracting and procurement, including Federal Acquisition Regulation; and the acquisition functions of the
General Services Administration (
Office of the Federal Procurement Policy. The Subcommittee also examines the
Federal Emergency Management Agency (FEMA) and the Federal Government s efforts to prepare for, respond to, and recover from natural and man-made disasters, including State and local grant programs; activities under the Robert T. Stafford Disaster Relief and Emergency Assistance Act; and activities related to the