Releases


July 25, 2012
House Approves Legislation Requiring Audit of Federal Reserve

“Since the 2008 financial crisis, the Fed has tripled its balance sheet to $3 trillion, equivalent to 20% of the economy, through an unprecedented series of bailouts and economic interventions,” Chairman Issa said.

July 19, 2012
Oversight Report: Job Creators Tell Congress Red Tape Prevents Hiring

“Last week’s unemployment numbers remained stuck at unacceptably high levels. This reflects the poor climate for businesses that currently exists under the Obama Administration,” said Oversight Chairman Issa.

July 18, 2012
Grassley, Issa Seek Clarification of ATF Acting Director’s Message to Employees on Reporting Agency Concerns

“Your ominous message – which could be interpreted as a threat – is likely to have a major chilling effect on ATF employees exercising their rights to contact Congress. Therefore, it needs to be clarified.”

Issa Statement on Federal Spending Data Transparency

“Federal spending data, especially the data most readily available to the American people, is not accurate, not timely, not complete, and not useful. “

July 11, 2012
VIDEO: The White House Can’t Hide Behind Executive Privilege

Rep. Trey Gowdy explains why the President’s assertion of executive privilege does not apply to the Fast and Furious documents in a new video released by the House Committee on Oversight and Government Reform.

July 9, 2012
Grassley, Issa concerns about whistleblower retaliation under investigation

The Inspector General for the Department of Justice has initiated an investigation into the situation described in a June 29 letter from Senator Chuck Grassley and Chairman Darrell Issa about two whistleblowers who testified before Congress about the Fast and Furious matter under the supervision of an individual who allegedly threatened to retaliate against them.

July 5, 2012
Issa Releases Report on Countrywide VIP Program focussing on use of discounted loans to advance business, lobbying goals

House Oversight and Government Reform Committee Chairman Darrell Issa today released a new report following the Committee’s three year investigation into Countrywide Financial’s “Friends of Angelo” and “VIP Program” that issued discounted mortgages to influential Washington policy figures. The report finds that Countrywide used its VIP Program to aid its lobbying efforts as well as to strengthen its relationship with taxpayer backed Fannie Mae. Countrywide partnered with Fannie Mae in a strategic business alliance that also included joint lobbying efforts.

June 28, 2012
Issa Statement on Bipartisan Vote Holding Attorney General in Contempt over Refusal to Produce Fast and Furious Documents

The U.S. House of Representatives has approved a resolution holding Attorney General Eric Holder in contempt of Congress over his refusal to produce Operation Fast and Furious documents subpoenaed last October. The vote on H.Res. 711, making a finding of contempt, was approved by a vote of 255 to 67. Seventeen Democrats crossed party lines to join the majority in the finding of contempt against Attorney General Eric Holder. The House is also scheduled to vote later today on H.Res. 706, authorizing civil action in courts to compel production of subpoenaed documents.

Oversight Leaders Statements on DOE Announcement of Abound Solar Bankruptcy and Loss of $70 Million in Taxpayer Loan Funds

Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) and Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending Chairman Jim Jordan (R-OH) today released the following statements regarding a Department of Energy announcement that Abound Solar, Inc., would close and declare bankruptcy. The received $70 million in public funds on a loan guarantee of $400 million approved by the Obama Administration. This is the third firm that received a loan or guarantee from the Obama Administration to declare bankruptcy.

Oversight Chairman Issa Statement on Supreme Court Obamacare Ruling

Chairman Darrell Issa statement on the U.S. Supreme Court decision on President Obama’s health care law: “This law will do great harm to our country by imposing new taxes, burying job creators in new red tape and saddling future generations with debt they can’t afford… I will work with my colleagues to achieve real solutions to America’s health care challenges that do not infringe on doctor patient relationships, impose unpopular mandates, and do not add to the nation’s already significant debt.”