Hearings

Chairman Platts Hearing Opening Statement This hearing will address improper payments made by the federal government, and will continue this Subcommittee's examination of federal financial management issues. In FY 2011, the federal government reported $115 billion in improper payments. This is only an estimate; the total amount of improper payments is unknown. Improper payments occur for a variety of reasons, but they are all the result of poor financial ...

  Chairman Issa Hearing Preview Statement Over the past year, the ATF program known as Operation Fast and Furious has been the subject of a joint investigation by this committee and Sen. Chuck Grassley, who serves as the Ranking Member of the Senate Judiciary Committee. When this investigation began, the Department of Justice took the position that allegations by whistleblowers about reckless tactics and decision making in this operation were ...

Chairman Darrell Issa Hearing Preview Statement If the United States Senate can pass a bill and send it to the President for his signature, it is clearly not in recess. But a "recess" is exactly what President Obama has argued in justifying four recent appointments. Today, the committee will assess the answer to that question and others by reviewing the process and law regarding recess appointments made by President Obama and their legal ...

Subcommittee Chairman Patrick McHenry Opening Statement Today's hearing of the House Oversight Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs focuses on the functions and operations of the Consumer Financial Protection Bureau under Richard Cordray. The American public deserves consumer protection regulations that discourage and discipline financial fraud and ensure consumers are entitled to clear, succinct, and ...

Chairman Issa Hearing Preview Statement This hearing will focus on the Nuclear Regulatory Commission (NRC) in the wake of reports that the NRC's Chairman has abused his office and mismanaged his responsibilities to the detriment of the commission's critical work. The concerns about the Chairman are shared amongst the four commissioners – two Democrats and two Republicans. Three of the four were appointed by President Obama. Their joint complaints are not about ...