Press Releases

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) is demanding that current AIG CEO Edward Liddy and an Administration official attend and answer critical questions at a hearing scheduled for April 2. “More than a week ago, I asked the White House to answer critical questions about when senior Administration and White House officials first became aware of pending bonus payments to AIG employees,” ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today sent a letter to Assistant to the President for Energy and Climate Change Carol Browner questioning the impact an impending greenhouse gas “endangerment finding” will ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today continued his call for the Administration to honor its commitment to transparency by implementing the means necessary to track every government bailout dollar and unlock the value of toxic assets. “The federal government has been woefully inadequate at fulfilling its promise to monitor hundreds of billions of taxpayer dollars committed to ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today, in a letter to President Barack Obama, requested that the Administration provide information about when senior administration and White House officials first became aware of imminent bonus payments to AIG executives. “Given your recent expressions of outrage about bonuses being paid to AIG executives, I am concerned that members of your ...

Oversight Hearing Scheduled to Question Stimulus Waste

WASHINGTON D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) and Subcommittee Ranking Member Jim Jordan (R-OH) today, at a House hearing featuring Interim Assistant Secretary for Financial Stability Neel Kashkari, demanded that the Treasury Department take immediate steps to increase transparency of TARP funds approved by Congress as part of the $700 billion bailout. “After two Administrations and roughly six months of the blind ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) made the following statement on Chairman Edolphus Towns’ announcement that committee attorneys will begin a detailed investigation into allegations that Merrill Lynch provided misleading information to Congress regarding bonuses for its top executives: “Providing false or withholding key information from congressional investigators is a crime that ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) provided testimony today calling on the U.S. Environmental Protection Agency (EPA) to deny the State of California’s request to institute and enforce its own vehicle emissions standards. “One uniform national standard for fuel economy is in every way preferable to a patchwork of state standards,” Issa said in his testimony. “Duplicative fuel ...

WASHINGTON. D.C. – While speaking today about the need to reform the federal contracting and procurement process, President Obama talked about the fiscal disaster he “inherited” and spoke about the need to “turn the tide on an era of fiscal irresponsibility so that we can sustain our recovery.” “If President Obama wants to do more than cast partisan blame for deficits created and expanded in a slowing economy by Congressional Democrats he should ...

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) today, released a letter to the attorney of former Fannie Mae CEO Franklin Raines advising him to revise statements in his testimony indicating that he did not receive preferential treatment as a “Friend of Angelo” and member of the Countrywide VIP program. “The involvement of Countrywide’s VIP unit in the refinancing of Mr. Raines’ mortgage and ...