Releases


September 15, 2011
Is Fannie Mae’s Purchase of Troubled B of A Portfolio a Back-Door Bailout?

Oversight Chairman Issa Asks FHFA to Address Questions Raised about Purchase of Risky Portfolio with Deteriorating Value (WASHINGTON) – Fannie Mae, the government sponsored enterprise bailed out with billions in taxpayer dollars has agreed to buy a portfolio of high risk, deteriorating value loans from Bank of America (B of…

Oversight Committee Chairman Issa Statement on Passage of Protecting Jobs from Government Interference Act

(WASHINGTON)— Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) today released the following statement upon passage of the Protecting Jobs from Government Interference Act (H.R. 2587) in the House of Representatives. Earlier this year, Chairman Issa and the Oversight Committee opened an investigation into action by the National Labor…

September 14, 2011
Committee Presses Bank of America, Ally Financial for Clear Answers about Foreclosure Violations of Servicemember Civil Relief Act

*** Update – September 15 ***The Oversight Committee today received information requested from Ally Financial. The updated chart below reflects this information: Servicer Total Home Loans Serviced Improper SCRA Foreclosures since 2006 Improper SCRA fees charged since 2006 Bank of America 13 million ? ? Wells Fargo 12 million 17…

New Oversight Committee Report: How the Administrative State has broken President Obama’s Promise of Regulatory Reform

Report documents a flawed, broken process manipulated and exploited in ways that benefit Obama allies (WASHINGTON) – President Obama recently halted the implementation of a controversial job-killing regulation from the Environmental Protection Agency (EPA), saying he recognized the “importance of reducing regulatory burdens and regulatory uncertainty” in the economy. While…

September 9, 2011
The Obama Administration Can Work with Oversight Committee to Help Create Jobs and Grow Economy

Oversight Hearings to Examine Compliance Costs, Regulatory Process, and Crowdfunding Proposals from President Obama and Congress (WASHINGTON)— President Obama and his Administration can immediately take action to create jobs and grow the economy by working with House Oversight and Government Reform Committee leaders to address regulatory reform and a broken…

AmericanJobCreators.com Dispatches from the Road: Western HiWays Story

Western HiWays Bakersfield, CA Western HiWays trucking company headquarters sits among the oil derricks and citrus groves just off Highway 65 in Bakersfield, CA. Its 13 drivers haul everything from building materials to steel, giving life to the industry adage, “If you bought it, a truck brought it.” The health…

Issa Statement on President Obama’s Joint Session Address

WASHINGTON, DC – House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) released the following statement tonight regarding President Obama’s joint session address: “Tonight, I had hoped that President Obama would offer a new approach to creating jobs and sparking economic growth that showed he had learned from past missteps….

September 8, 2011
Will President Obama’s “Son of Stimulus” Produce Same Results as Its Predecessor?

Oversight Chairman Issa Issues Report Outlining Stimulus Consequences, Lessons Learned (WASHINGTON) Is President Obama Doubling Down on Failure? A new analysis released today by House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) documents how the stimulus failed—and even pushed the country deeper into recession—and at what cost. The…

September 7, 2011
Issa Statement on the Transfer of Operation Fast and Furious Cases out of Arizona

(WASHINGTON) Oversight and Government Reform Committee Chairman Darrell Issa released the following statement on the Department of Justice transferring cases related to Operation Fast and Furious out of the Arizona U.S. Attorney’s Office: “Moving cases related to Operation Fast and Furious away from the Arizona U.S. Attorney’s Office is clearly…

September 6, 2011
Oversight Committee Releases Agency Responses on Federal Management IT Systems

WASHINGTON- House Oversight and Government Reform Committee leaders today released the results of a comprehensive survey of federal agency management information technology systems. In March, Rep. Darrell Issa, R-Calif., chairman of the committee, joined subcommittee chairmen Rep. Jim Jordan, R-Ohio, Rep. James Lankford, R-Okla., and Rep. Todd Platts, R-Pa., in…