Financial Services

“We have written to you multiple times on this matter and have yet to receive a sufficient response…Despite our repeated requests for all responsive documents and communications, the Treasury Department has only proffered a limited number of documents, many of which were already publicly available."

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) will offer an amendment to legislation likely to be considered by the House of Representatives today, H.R. 626, the Paid Parental Leave Act of 2009, that will address concerns with the cost associated with the proposal which would guarantee four weeks of paid parental leave exclusively to government employees at a cost of almost $1 billion to ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today, in a letter to Federal Aviation Administration (FAA) Acting Administrator Lynne Osmus, requested documents to shed light on the decision to use $800,000 in Federal Stimulus funds to repave a secondary runway in the sparsely used airport. “FAA funding for this little used congressional pet project contradicts the Administration’s stated goals ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) released the following statement tonight regarding an agreement reached to pass legislation on Wednesday that includes provisions first proposed by Rep. Issa to create an independent and bipartisan panel to study and issue a report on the causes, handling, and way ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today expressed concern regarding the exclusion of good government provisions in the proposed Pelosi-Obey stimulus package including a failure to prohibit use of economic stimulus funds for lobbying or political activities. “The economic stimulus should not be a bailout for lobbyists or a vehicle for political payback,” said Issa.  “Fannie Mae and ...

WASHINGTON. D.C. –House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today criticized the proposed Pelosi-Obey $825 billion economic “stimulus” package characterizing it as an $825 billion earmark that will do little but expand the federal government at the expense of prolonging the current economic recession. More than 40 percent of spending in the proposed bill is for expanding current programs or creating new ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) has re-introduced the Financial Oversight Commission Act, H.R. 74, which would create an independent and bipartisan panel to study and issue a report on the causes, handling, and way forward from the current financial crisis. This proposal comes as Congress considers releasing the remaining $350 billion of TARP funds. “Once again, the American people ...