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Furthermore, the Committee plans to offer targeted legislative proposals that go to the heart of this issue by proactively addressing the issue of waste, fraud, abuse, and mismanagement. This review will include compliance with financial management and accounting laws, as well as the security and reliability of federal financial systems. The Committee will also focus on agency efforts to reduce improper payments and achieve a clean government-wide audit. The Committee will conduct oversight of U.S. diplomatic, military, and development efforts to address the issue of global terrorism both in the short-term and long-term.
Hearings
Despite congressional oversight efforts, GAO has determined that there are serious weaknesses in the suspension and debarment programs of numerous agencies. This has resulted in the awarding of federal funds to companies, organizations and individuals which should have been barred from receiving such funds, including those with criminal convictions, federal tax liabilities, or ties to terrorist organizations. The Committee will continue to conduct oversight to promote efficiency, transparency, and accountability related to suspension and debarment, to include improvements to managing the government-wide database of suspended and disbarred contractors. The Committee will conduct oversight related to the budgetary and economic impact of America's entitlement programs as well as options that would increase choice in health care markets and lower the health care cost curve.
House Committee on Oversight and Reform
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The Committee will conduct oversight of the financial sector, focusing on those regulatory agencies whose failures were implicated in the financial crisis and those agencies that were created, or saw their powers expanded, by the Dodd-Frank Act of 2010. The Committee will monitor financial regulators' management, technological initiatives and rulemaking, with a view towards promoting capital formation, predictable and efficient markets, and investor and consumer protection. The Committee will evaluate possible legislation to set policy goals for technology-driven transparency for program performance, regulatory materials, and legislative documents.
Report Waste, Fraud, or Abuse
The Committee will also pursue the enactment of substantive postal reform legislation, building on reform bills the Committee reported during the112th and 113th congresses. To assist in its efforts, the Committee will continue to work with USPS, GAO, and other postal experts. The Committee will monitor the Administration's use of civil and criminal remedies to address wrongdoing. Transparency at the point of contract award and throughout the life cycle of the federal contract can prevent waste, fraud, and abuse. Additionally, the Committee will focus special attention on transparency relating to past performance and contract oversight concerns.
In addition, the Committee will focus on the role of the Office of Information and Regulatory Affairs (OIRA) in agency rulemakings to ensure that it carries out its regulatory duties in a timely and transparent manner. The Committee's oversight also will include reviewing the Transportation Worker Identification Credential (TWIC) to ensure proper standardization of the identification cards to reduce security gaps. As the Committee on Oversight and Reform, we will work with our colleagues in the minority to exercise effective oversight over the federal government and will work proactively to investigate and expose waste, fraud, and abuse.
The attorney general would be mandated to ensure the inspectors have “access to any covered facility, including the incarcerated people, detainees, staff, bargaining unit representative organization, and any other information” needed. The Committee will also continue its broad investigation of the Department of Energy's portfolio, including, but not limited to, the Department's loan guarantee programs; the Office of Environmental Management; stockpile stewardship; and nuclear safety and disposal. GAO added USPS's financial condition to its high-risk list in 2009 and since then has been a major proponent of reform. GAO believes that major restructuring is necessary and not doing so will increase the risk that taxpayers and the U.S. Process for preparing the consolidated statements, and 3) the Department of Defense has yet to produce auditable financial statements. The Committee will monitor the work of the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR), including the "systemically important financial institution" designation process.
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Chairman James Comer
The Committee will also examine NARA's recommended procedures and agency adoption of those procedures to ensure the electronic capture and archival of records created electronically. WMATA has experienced numerous problems relating to customer safety and Metrorail accidents over the past several years. While WMATA has publicly committed itself to taking the necessary steps to address operational and safety deficiencies, routine and rigorous oversight of the agency remains warranted.
The Committee will review federal contractor ethics and disclosure requirements, as well as the proper role of contracting for preferences and set-aside programs for small and disadvantaged businesses. The Committee will also continue to investigate improper payments distributed by federal agencies. Under the 2002 Improper Payments Information Act (IPIA), federal agencies are required to annually review all programs and activities to identify those entities susceptible to significant improper payments. The size of DOD's budget accounts for a significant portion of the federal government's total spending and, as a result, the United States has never produced an audit of its financial statements. The Committee will focus on overseeing DOD's financial management processes and its progress towards becoming auditable. As a part of this oversight, the Committee will examine the regulatory and enforcement actions of the Federal Trade Commission, the Consumer Financial Protection Bureau, and the Consumer Product Safety Commission.
The Committee will also examine Department of Justice grants and other law enforcement assistance programs, such as the Department of Defense's 1033 program. In February 2015, the Government Accountability Office will issue its biannual High Risk report, which identifies government programs that are particularly vulnerable to waste, fraud, and abuse. The Committee will provide ongoing oversight of agencies and programs included on the High Risk list by holding hearings, meeting with agency officials responsible for included programs, and monitoring agencies' corrective plans and actions. The Committee will monitor and conduct oversight of federal agency information security practices that are required under FISMA and OMB guidelines, as well as the role of DHS and other federal agencies in these activities.
The Committee will also examine the increase in federal entitlement programs, with a focus on waste, fraud, abuse, and mismanagement within those programs. The Committee intends to conduct oversight of policies, strategies, and role in cybersecurity. This includes examining breaches of government, contractor, and private sector networks as well as the role federal agencies play in cyber incident threat intelligence, management and response, and cybersecurity risks to the private sector. The Committee will continue its efforts related to oversight of waste, fraud, abuse, and mismanagement of federal government spending.
The Committee's review will include the international standing of the United States, humanitarian assistance, development programs, and public diplomacy efforts. Current challenges facing the executive branch, coupled with the deficit, require a new approach to government. The Committee will examine the major structural and organizational issues that cause government waste and redundancy. The Committee will work to modernize the federal personnel system, and better align worker compensation with the private sector.
The Committee will also consider reauthorization of the Office of National Drug Control Policy. In particular, the Committee will focus on the need to transition from outdated legacy systems to newer and more efficient systems – such as those that utilize cloud computing and other technologies – to drive savings. The Committee will continue to assess the progress of federal IT investments and shine light on underperforming programs and assets. Launched in 2004, GovTrack helps everyone learn about and track the activities of the United States Congress. In March, The Washington Post reported on three critical federal watchdog reports released that month alone and the BOP’s inclusion last year on the Government Accountability Office’s biennial “High-Risk List” because it has such serious, ongoing problems.
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