Secure Border Initiative Financial Accountability Act of 2006

[AI summary unavailable — showing source text] Secure Border Initiative Financial Accountability Act of 2006 - Directs the Inspector General of the Department of Homeland Security (DHS) to: (1) determine whether each contract action related to DHS's Secure Border Initiative having a value greater than $20 million complies with applicable cost requirements, performance objectives, program milestones, inclusion of small, minority, and women-owned business, and timelines; (2) submit findings to the Secretary of Homeland Security, including regarding cost overruns, delays in contract execution, lack of rigorous contract management, insufficient financial oversight, bundling that limits the ability of small business to compete, or other high risk business practices; and (3) refer information regarding improper conduct or wrongdoing identified to the appropriate DHS official for purposes of evaluating whether to suspend or debar a contractor. Requires the Secretary to report to Congress on the findings and the steps taken or planned to address the problems identified.…