Releases


September 22, 2011
Oversight Committee Releases Report on Obama Green Jobs Program Failures

Shows impacts on U.S. jobs, affordable energy (WASHINGTON) – Facing the worst economic recession since the Great Depression, President Obama has responded with a green jobs agenda as a major component of his recovery strategy. Combined with restrictions on domestic energy production, the net effect has been jobs lost and…

September 21, 2011
Issa-Ross Postal Reform Act Advances in the House

WASHINGTON- Today the House Oversight and Government Reform Subcommittee on Federal Workforce, the U.S. Postal Service, and Labor Policy reported out on a 8-5 vote HR 2309, the Issa-Ross Postal Reform Act of 2011, with changes that bring the total mandatory minimum savings for USPS in the bill to $10.7…

September 20, 2011
Congressional Investigators Statement On SEC IG’s Referral of Madoff Ethics Failure to Justice Department

WASHINGTON, D.C. – Leading Congressional investigators on the House Oversight and Government Reform and House Financial Services Committees today released the following statements on the decision of the Securities and Exchange Commission (SEC) Inspector General to refer the matter of the ethics failure and conflict of interest involving former General Counsel…

September 19, 2011
Issa on President’s Proposed Bailout for Postal Service: “Not what taxpayers or the Postal Service needs”

WASHINGTON, D.C. - In response to a proposal outlined by President Obama on the United States Postal Service, Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, which oversees the Postal Service, issued the following statement: “The President’s proposal is not what taxpayers or the Postal Service…

Subcommittee to Hold Markup of Issa-Ross Postal Reform Act Wednesday

Bill Would Create $10.7 Billion in Annual Savings to Save the Postal Service without a Taxpayer Bailout WASHINGTON- Today, Rep. Darrell Issa, R-Calif., and Rep. Dennis Ross, R-Fla., announced they would move forward H.R. 2309, the Issa-Ross Postal Reform Act of 2011, at a subcommittee business meeting Wednesday at 1:30 p.m. Subcommittee…

September 16, 2011
Obama Regulations Putting Family Ranchers at Risk

Cattle Rancher Robbie LeValley on Uncertainty, Unintended Consequences of Proposed USDA Regulations WASHINGTON, DC – The House Committee on Oversight and Government Reform today released “Voices of Recovery: Robbie’s Story,” in which 4th generation Colorado rancher Robbie LeValley underscores the job-killing uncertainty family ranchers face under the Obama Administration’s proposed new…

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…