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WASHINGTON, D.C. – House Oversight and Government Reform Committee Chairman Darrell Issa today released the following statement on the White House's newest proposed CAFE standard rule: "Estimates indicate that these new regulations will raise vehicle costs for consumers by over $3000 per vehicle and even the White House's own estimates say this rule will cost $157 billion dollars to implement. Beyond jobs that would be lost as a result of this rule, there are concerns that these new ...

Report examines Obama administration’s contradictory rhetoric on bonuses, $1.7 million non-performance based ‘signing bonus’ for Fannie executive WASHINGTON, D.C. – House Oversight and Government Reform Committee Chairman Darrell Issa today released  a new report, “Government-Sponsored Moguls: Executive Compensation at Fannie Mae and Freddie Mac.” Highlights of the report include: Assessments of controversial executive compensation decisions ...

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As the Obama Administration openly and forcefully criticized private enterprises for accepting taxpayer assistance while paying executives bonuses, its defense of the bonuses now being paid to executives at Fannie Mae and Freddie Mac – who now report to the Obama Administration – creates the clear appearance of a double standard. Although the Administration’s rhetoric on executive compensation for companies who owe money to taxpayers has been tough in the past, the Administration appears ...

Since its inception, TSA has lost its focus on transportation security. Instead, it has grown into an enormous, inflexible and distracted bureaucracy, more concerned with human resource management and consolidating power, and acting reactively instead of proactively.

Chairman Issa Hearing Preview Statement This hearing will examine the validity of bonuses paid out to executives at Fannie Mae and Freddie Mac. In the aftermath of the financial crisis, President Obama offered direct and pointed criticism of entities that received taxpayer dollars but continued to pay executives millions of dollars in compensation and bonuses calling the payments "obscene" and "shameful." Since entering a conservatorship status, Fannie and ...