Rep. Henry A. Waxman, Sen. Claire McCaskill, and Rep. Ed Towns issued a new report that finds that the Bush Administration has failed to implement over 13,000 recommendations made by Inspectors General (IGs) since 2001. Federal agencies could save taxpayers over $25 billion by implementing these open recommendations.
In a letter to Office of National Drug Control Policy Director John P. Walters, Chairman Waxman summarizes results of the Committee’s investigation into steroid use in professional wrestling and requests that ONDCP examine the widespread steroid abuse and systemic deficiencies in testing policies and practices.
Oversight and Government Reform Committee Chairman Henry A. Waxman and Transportation and Infrastructure Committee Chairman James L. Oberstar wrote to President-elect Obama regarding their investigation into the drastic deterioration of the Clean Water Act enforcement program.
The Committee approved a report supported by Chairman Henry A. Waxman and former Ranking Member Tom Davis finding that President Bush made a “legally unprecedented and an inappropriate use of executive privilege” when he directed Attorney General Mukasey to withhold Special Counsel Patrick Fitzgerald’s interview of Vice President Cheney from the Committee.
EPA announced it would not go forward with regulation that would have degraded air quality in our National Parks and other areas with clean air.
EPA announced that it would not go forward with the regulation that would allow older power plants to increase their emissions of air pollutants and exacerbate global warming.
In the 110th Congress, the Committee conducted vigorous oversight to uncover waste, fraud, and abuse, to improve the operations of the federal government, and to examine wrongdoing in the private sector. At the close of this session, Chairman Waxman has published a selection of the Committee’s oversight accomplishments.
The Committee held a hearing titled, “The Role of Fannie Mae and Freddie Mac in the Financial Crisis” on Tuesday, December 9, 2008, in 2154 Rayburn House Office Building. The hearing examined the extent to which the actions and policies of Fannie Mae and Freddie Mac may have contributed to the ongoing crisis.
The Committee will next Tuesday consider a report supported by Chairman Henry A. Waxman and former Ranking Member Tom Davis finding that President Bush made a “legally unprecedented and an inappropriate use of executive privilege” when he directed Attorney General Mukasey to withhold Special Counsel Patrick Fitzgerald’s interview of Vice President Cheney from the Committee.
The Committee held a hearing titled, “Hedge Funds and the Financial Market” on Thursday, November 13, 2008. The hearing examined systemic risks to the financial markets posed by hedge funds and proposals for regulatory and tax reforms.
Chairman Henry A. Waxman issued a statement regarding the transition efforts of the Government Accountability Office.
Chairman Henry A. Waxman released a new GAO report titled “Medicare Part D Prescription Drug Coverage: Federal Oversight of Reported Price Concessions Data.” The report finds that the Centers for Medicare & Medicaid Services (CMS) has only conducted half of the scheduled audits of drug pricing information reported by the Part D plans.
According to a report released today by Chairman Waxman, key FDA career officials strongly objected to Bush Administration drug labeling regulations that would preempt state liability lawsuits, asserting that the central justifications for the regulations were “false and misleading” and warning that the changes would deprive consumers of timely information about drug hazards.
In letters to nine major banks that will receive $125 billion of taxpayer funds, Chairman Waxman requested information on their compensation and bonus plans in 2008.
Chairman Waxman requested an explanation from HHS Secretary Leavitt on why a proposed rule that would threaten access to reproductive and other health services was issued in apparent violation of an executive order requiring interagency coordination and review.
The Committee held a hearing titled, “The Financial Crisis and the Role of Federal Regulators” at 10:00 a.m. on Thursday, October 23, 2008, in 2154 Rayburn House Office Building. The hearing examined the roles and responsibilities of federal regulators in the current financial crisis.
The Committee held a hearing titled, “Credit Rating Agencies and the Financial Crisis” on Wednesday, October 22, 2008, in 2154 Rayburn House Office Building. The hearing examined the actions of the three largest credit rating agencies, Standard & Poor’s, Moody’s Corporation, and Fitch Ratings, leading up to the current financial crisis.
In a letter to EPA Administrator Johnson, Chairman Waxman quantifies EPA’s extensive losses in federal court, details the harms they have caused, and urges EPA not to exacerbate those harms by issuing another legally reckless rule to weaken air pollution controls on power plants.
In response to reports that AIG spent hundreds of thousands of dollars on extravagant employee events after receiving an $85 billion rescue package, Chairman Waxman requested a detailed listing of all conferences, events, or retreats paid for by AIG this year as well as bonuses paid to AIG executives.
The International Oil Trading Company, which is owned by Harry Sargeant, charged prices that were not “fair and reasonable” to deliver fuel through Jordan to Iraq, according to internal Defense Department documents.
A draft Committee report circulated by Chairman Waxman finds that in the months before the 2006 elections, the White House Office of Political Affairs “enlisted agency heads across government in a coordinated effort to elect Republican candidates to Congress,” directing them “to make hundreds of trips – most at taxpayer expense – for the purpose of increasing the electability of Republicans.”
Chairman Waxman wrote to CMS Acting Administrator Kerry Weems about Medicare Part D premiums that are increasing by over five times the inflation rate, and about CMS statements that appear to mislead seniors about the impact of these increases. A new staff analysis shows that in 2009, Part D premiums will increase by an average of 22%, and that 92% of all Part D drug plan enrollees will pay higher monthly premiums.
A bipartisan report circulated today by Chairman Henry A. Waxman and Ranking Member Tom Davis finds that President Bush made a “legally unprecedented and an inappropriate use of executive privilege” when he directed Attorney General Mukasey to withhold Special Counsel Patrick Fitzgerald’s interview of Vice President Cheney from the Committee. A separate report circulated by Chairman Waxman criticizes the President’s assertion of executive privilege in the Committee’s investigation into recent climate change and Clean Air Act decisions. Both reports will be considered by the full Committee next week.
As part of the Committee’s ongoing investigation, Chairman Waxman wrote to several insurance companies and each of the state insurance commissioners seeking information about the practice of companies retroactively cancelling individual health insurance policies after policyholders submit expensive claims.
The Oversight and Government Reform Committee today announced that the hearing on hedge funds previously scheduled for Thursday, October 16, 2008, has been rescheduled for Thursday, November 13, 2008. The Committee has postponed the hearing in order to accommodate the schedules of witnesses.
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