House committee would investigate Indiana economic development spending

The resolution would establish an 11-member House committee to investigate the IEDC and its affiliated entities. Affiliated entities include organizations established to benefit the IEDC, certain groups that manage its programs or public money, and entities connected to specified state officials.

The committee could subpoena witnesses, require records, administer oaths, and take sworn testimony. These powers would apply to the committee’s investigation. The Speaker must sign subpoenas, which the Chief Doorkeeper or the Speaker’s designee would serve. Failure to comply may constitute a Class A misdemeanor.

The committee would issue a public final report with findings and recommendations, then end 90 days after submitting it. The report would cover the committee’s investigation of the IEDC and affiliated entities. Recommendations would include reforms aimed at preventing misuse of taxpayer money, improving the state’s economic development system, and requiring General Assembly approval before the IEDC and its affiliates may spend money appropriated for economic development. The report is due no later than June 30, 2026. The committee would end 90 days after submitting its final report.