The Clean Contracting Act passed the House of Representatives as part of the National Defense Authorization Act by a vote of 392 to 39. The Clean Contracting Act compiles important federal contracting reforms to protect taxpayers from waste, fraud, and abuse.
Chairman Waxman released a statement about the Administration’s $700 billion proposal to rescue financial institutions.
Chairman Waxman and Ranking Member Davis issued a report on hospital-associated infections. This report summarizes the results of a staff survey of state hospital associations which shows that the majority of state hospital associations have not adopted a program which could save thousands of lives and billions of dollars.
Chairman Waxman wrote to Lehman Brothers and AIG to seek the communications of the CEOs and board members of the two companies over the last 180 days, as well as information about the compensation of the CEOs and board members.
Chairman Henry A. Waxman announced today that the Oversight Committee will hold two days of hearings to examine the regulatory mistakes and financial excesses that led to the bankruptcy filing by Lehman Brothers and the government bailout of AIG.