Moving Our Nation Forward
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Improving Americans’ Quality of Life: Homes, Health, Jobs, and Education

Oversight Committee Democrats are focused on preserving home ownership, getting America back to work, ensuring quality, affordable health care, and giving all students access to a high-quality education.

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Making Government Work for All Americans

Our aggressive agenda works to root out waste, fraud and abuse in government spending, enhance transparency, and ensure that the needs of Americans are put ahead of corporate special interest.

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Promoting the Safety and Well-Being of the American People

We are committed to supporting our troops and veterans, protecting American consumers, and safeguarding national and homeland security.

For a PDF version of the Democratic Agenda, please click here.

Financial Crisis Inquiry Commission Report PDF Print

Cummings Issues Report on FCIC, Chairman Issa Cancels Hearing

 

Washington, DC – Ranking Member Elijah E. Cummings issued a forty-page investigative report today regarding the Financial Crisis Inquiry Commission (FCIC).

Chairman Issa launched an investigation into the activities of the FCIC a year ago, alleging improprieties by the Democratic Commissioners and staff, including “conflicts of interest,” and “extensive ties” to “partisan Democratic politics.”

Cummings’s report, which is based on 400,000 internal Commission emails, memos and other documents, finds that Chairman Issa’s allegations are largely unsubstantiated.

In contrast, the documents suggest that Republican Commissioners geared their efforts on the Commission toward helping House Republicans in their campaign to repeal the Dodd-Frank Act, rather than determining the facts that led to the economic crisis. The report also raises a host of new ethical questions about Republican Commissioners and staff, including evidence that they leaked confidential information to outside parties on multiple occasions.

Based on these documents, Ranking Member Cummings requested bipartisan interviews with Commissioners Bill Thomas and Peter Wallison to further investigate these issues in advance of today’s hearing.

Chairman Issa declined these requests. Instead, he announced late on Monday that today’s hearing on the FCIC was postponed indefinitely.

 

Committee On Oversight and Government Reform
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