“The Smart Savings Act will ensure that workers who are planning ahead for retirement are investing in an account that works for them at every stage of their career,” Chairman Issa said. “Currently, the default fund is comprised of government securities, which historically provide very low returns. The mix of offerings in an L Fund is designed to give higher returns, while decreasing risk as individuals near retirement. According to the TSP, making L Funds the default investment can help ...

Key Document Based Highlights (documents and testimony in appendix): Tea Party “itching for a Constitutional challenge:” Lerner and her colleagues, after being under public pressure from President Obama and other Democrats, engaged in an e-mail exchange about how they could showcase their scrutiny of a Tea Party applicant for public disclosure, despite rules protecting the secrecy of unapproved applications.  The conversation turned to the possibility of a court ...

“In the wake of Ms. Lerner’s refusal to testify and answer questions, this report offers detailed evidence about steps she took to crack down on organizations that exercised their Constitutional rights to free political speech,” said Chairman Issa. “She involved herself in efforts to apply unprecedented scrutiny to new applicants, existing organizations, and to write new rules after President Obama and other prominent Democrats expressed outrage at the Supreme Court’s Citizens United ...

1. In October 2010, Lerner told a Duke University group: “The Supreme Court dealt a huge blow, overturning a 100-year-old precedent that basically corporations couldn’t give directly to political campaigns.  And everyone is up in arms because they don’t like it.  The Federal Election Commission can’t do anything about it.  They want the IRS to fix the problem.” Who exactly wanted the IRS to “fix the problem” caused by Citizens United? 2. In February 2011, ...

“The latest delay underscores the President’s misguided fixation on political gains over the disastrous impact ObamaCare is having on Americans. This move is a cynical ploy that delays thousands of insurance policy cancellations until after the elections, in the hopes that Americans won’t notice the spiking premiums and shrinking options they face under the President’s health care law. Nothing, however, can distract from the fact that the President blatantly broke his promise that ‘if ...

The Committee’s investigation began in February 2012, after concerns about disparate treatment and inappropriate scrutiny of applicants for tax exempt status by the IRS were brought to the Committee’s attention.

“Transparency and accountability will go a long way to addressing this Administration’s runaway expansion of the regulatory state,” Issa said. “These reforms bring job-killing federal mandates out of the dark by giving the public ample time to see and prepare for their real costs and economic impact. The reforms of Stop Government Abuse Week are a step in the right direction toward creating an open rulemaking process and undoing the economic damage of the federal government’s ...