Press Releases

Sep 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 A). House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) has opened an investigation into this purchase and requested ...

Sep 15, 2011

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 Relations Board (NLRB) that potentially jeopardizes Boeing's work to open a new manufacturing facility in South Carolina and create ...

  • Full Oversight Committee
Sep 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 ...

Sep 14, 2011

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 the President has spoken about, and even launched an effort to evaluate regulations that ...

  • Full Oversight Committee
Sep 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 rulemaking process that creates market uncertainty—a disincentive to entrepreneurs and new investment. Next week, ...

  • Full Oversight Committee
Sep 9, 2011

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 of American trucking, which itself supports about 7 million ...

Sep 9, 2011

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. What I heard, however, sounded more like a second stimulus than a new approach. "Listening to job creators around the country, ...

Sep 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 report said the American people should bear in mind this record as President Obama presents his next economic ...

  • Full Oversight Committee
Sep 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 in the best interest of achieving just outcomes and removes the apparent conflict-of-interest that Arizona prosecutors had in bringing cases ...

Sep 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 requesting management information from 26 federal agencies. Click 

  • Subcommittee on Technology