# Michael Horowitz

Type: Person

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/michael-horowitz
Canonical HTML page: https://getlegalbrief.com/entity/michael-horowitz

## Timeline

- **2026-09-30**: IG releases 120-page report — The Fed's Inspector General finds broad mismanagement of the $2.4 billion renovation but no criminal violations.
- **2026-04**: DOJ perjury investigation dropped — A judge quashes subpoenas issued by U.S. Attorney Jeanine Pirro, and the criminal perjury investigation into Powell is dropped pending the IG's outcome.
- **2025-07-24**: Trump visits the construction site — President Trump tours the renovation; Powell corrects Trump's estimate of expected costs before television cameras.
- **2025-07**: Powell requests IG investigation — Amid mounting congressional criticism, then-Chairman Jerome Powell asks Inspector General Michael Horowitz to investigate the renovation.
- **2022**: Construction begins on Fed building renovation — The renovation breaks ground without a comprehensive cost estimate or a maximum overall cost ceiling; prices spike after work begins.

## Recent coverage (1 stories)

### Fed Watchdog: No Crime in $2.4B Renovation—Only Mismanagement
2026-09-30 22:57:33 · Sentiment: Neutral · Impact: 5/10 · Sources: 7

The Fed's Inspector General found no criminal violations in the $2.4 billion renovation, closing a politically charged perjury probe after a judge quashed DOJ subpoenas. The 120-page report draws a bright line between administrative mismanagement and prosecutable criminal conduct—a meaningful precedent for white-collar and regulatory enforcement.
Full story: https://getlegalbrief.com/story/fed-ig-no-crime-2-4b-renovation-legal

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