Press Releases

Nov 4, 2009

Issa, Bachus Request Information on Financial Health of FHA

WASHINGTON –Oversight and Government Reform Committee Ranking Member Darrell Issa (R-CA) and Financial Services Committee Ranking Member Spencer Bachus (R-AL) sent a letter to Housing Secretary Shaun Donovan requesting information on the financial health of the Federal Housing Administration (FHA).  FHA recently announced that its annual independent actuarial study is expected to show the capital reserve ratio dropping below the congressionally-mandated ...

Nov 4, 2009

Could Federal Employees Be Forced into the Public Option?

Oversight GOP Repeats Call for Hearing on Healthcare Bill’s Uncertain Impact on Federal Employees WASHINGTON, DC – All 16 Republican Members of the House Oversight and Government Reform Committee today, in a letter to Chairman Edolphus Towns, called for the Committee to convene a hearing to examine issues including whether or not the bill could force 8 million Federal employees to either give up their existing insurance and ...

  • Full Oversight Committee
Nov 2, 2009

Investment? What Investment…GAO Reports Taxpayers “Unlikely to Recover” Auto-Bailout “Investment”

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) released the following statement today regarding a new report released by the Government Accountability Office (GAO) evaluating the condition of the auto-industry and the more than $80 billion of taxpayer funds that have been “invested” in Chrysler and GM and reporting that “Treasury is unlikely to recover the entirety of its investment in Chrysler ...