On a bipartisan voice vote the House Oversight and Government Reform Committee advanced H.R. 459, the Federal Reserve Transparency Act, introduced by Rep. Ron Paul, R-Texas.
The House Oversight and Government Reform Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs will hold two hearings this week examining the implementation of portions of the JOBS Act to ensure the proper elimination of government barriers to small business capital formation and growth. The first hearing entitled, “The JOBS Act in Action: Overseeing Effective Implementation That Can Grow American Jobs” will begin at 2:00 p.m. on Tuesday, June 26th in 2154 Rayburn House Office Building.
Issa & Jordan: “Taken together, these documents suggest that CARB was heavily invested and highly involved in the development of the nationwide heavy-duty standards. Indeed, it appears that CARB helped to initiate and then substantially dictated the discussions that culminated in national heavy-duty standards. It is not clear to the Committee, however, why CARB exercised such outsized influence in this process, with apparently more input into the development of the rule than other nonfederal entities.”
Chairman Darrell Issa statement on the Supreme Court’s ruling to affirm workers rights to object when unions notify workers of special assessments or fee increases.
House Oversight and Government Reform Committee Chairman Darrell Issa issued the following statement on the Committee’s approval of a report finding Attorney General Eric Holder in contempt of Congress over his refusal to produce documents related to Operation Fast and Furious. The Committee today approved the finding of contempt on a vote of 23 to 17.
Chairman Issa says: “I had hoped that after this evening’s meeting I would be able to tell you that the Department had delivered documents that would justify the postponement of tomorrow’s vote on contempt. The Department told the Committee on Thursday that it had documents it could produce that would answer our questions. Today, the Attorney General informed us that the Department would not be producing those documents. The only offer they made involved us ending our investigation.”
Chairman Issa, Senator Grassley, and Attorney General Holder have agreed to meet this evening at 5 p.m. in the Capitol to discuss Fast and Furious documents and contempt.
Issa & Gowdy: “Independent studies and reports from parents and students have validated the educational benefits the D.C. Opportunity Scholarship Program has provided to low-income D.C. students. We are pleased that the Obama Administration has apparently given up on its opposition to fully implementing this bipartisan initiative. Speaker Boehner, Senator Lieberman, and others who believe children should have a choice – including parent advocates for the program – have our thanks for their efforts to secure the continuation of this important educational initiative.”
Chairman Darrell Issa (R-CA) said the Committee has learned that FDA regulatory activity has effectively shut down 30% of the total manufacturing capacity at four of the country’s largest producers of generic injectable medications. In response to FDA action, companies that produce generic injectable drugs have taken their manufacturing off-line simultaneous to other generic competitors doing the same. Of the 219 drugs listed on the American Society of Health System Pharmacists (ASHSP) shortage list as of February 21, 2012, at least 128 – 58% of the drugs on the shortage list – were produced by at least one facility undergoing FDA remediation.
Chairman Darrell Issa sent a letter to Attorney General Eric Holder asking him to submit a proposal for how he intends to comply with the Committee’s subpoena in an effort to facilitate an agreement rendering the process of contempt unnecessary.