Press Releases

Aug 31, 2009

Issa, Bachus Call for Audit of AIG Trust

Who Can Taxpayers Hold Accountable? WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) and Financial Services Committee Ranking Member Spencer Bachus (R-AL) sent letters today to Treasury Secretary Timothy Geithner and the Special Inspector General for the Troubled Asset Relief Program (TARP) Neil Barofsky calling for an “audit of the formation, content and operation of these [AIG] trust ...

Aug 26, 2009

Issa Investigates CBP Stimulus Funding

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) sent a letter today to Homeland Security Secretary Janet Napolitano asking the department to cooperate with a committee investigation “of stimulus spending in order to ensure taxpayer funds are spent wisely and efficiently.” The Associated Press has reported that “despite Obama's promises that the stimulus plan would be transparent and free of politics, the ...

Aug 25, 2009

Issa: Budget Review Removes Obama’s Fig Leaf of Fiscal Rectitude

WASHINGTON, D.C. – House Commitee on Oversight and Government Reform Ranking Member Darrell Issa (R-Vista) today issued a statement regarding reassessments by the Office of Management and Budget and the nonpartisan Congressional Budget Office that reveal a projected ten-year budget deficit of $9.1 trillion: “Today's budget numbers show the Obama Administration has vastly underestimated every aspect of our financial crisis: from unemployment to deficits, from mythical 'jobs ...

Aug 13, 2009

Rep. Issa Expands ACORN Investigation

Oversight Republican Asks IRS, FEC, SBA, HUD, and Dept. of Labor to Answer Critical Questions Following Report Outlining Criminal Activity WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) has sent five letters to Departments and Federal Agencies asking questions about ACORN’s illegal activities and federal funding grants to this political organization. The Oversight and Government Reform ...

Aug 12, 2009

Inspector General Report Details More Stimulus Waste

“I have told each of my Cabinet, as well as mayors and governors across the country, that they will be held accountable by me and the American people for every dollar they spend.” – President Barack Obama, 2/24/2009, Address to Joint Session of Congress WASHINGTON. D.C. – A report released by the Inspector General (IG) for the Department of Transportation has raised questions surrounding projects that received stimulus dollars that were of ...

Aug 7, 2009

Senate Ethics Decision on Countrywide Should Clear Way for Subpoena to Bank of America

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today repeated his call for the Oversight and Government Reform Committee to move forward with a subpoena of critical Countrywide VIP documents following the decision of the Senate Ethics Committee to dismiss complaints against Sen. Chris Dodd and Sen. Kent Conrad: “This decision clears the way for the House Oversight and Government Reform Committee to subpoena the ...

Aug 7, 2009

Rep. Issa Statement on Wall Street Journal Countrywide VIP Story

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today issued the following statement concerning a story in today's Wall Street Journal: “This story does not change my approach to the investigation of the Countrywide VIP program. I will continue to press forward with this investigation and strongly believe that a subpoena to Bank of America is a necessary next step to fully expose how Countrywide attempted to use its ...

Aug 3, 2009

Issa Statement on Bank of America-Merrill Lynch SEC Charges and Settlement

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today issued the following statement on charges brought by the Securities and Exchange Commission (SEC) that bank of America failed to properly disclose to stockholders an agreement concerning bonuses for Merrill Lynch executives: “The SEC’s charges against Bank of America are a validation of the concerns the Oversight and Government Reform Committee have been ...