Loretta Sanchez Working For Us – Cutting Waste, Fraud, and Abuse in Government

April 29, 2010 Uncategorized 6

WASHINGTON, D.C.–Congresswoman Loretta Sanchez (CA-47) voted on Wednesday to save U.S. taxpayers billions of dollars by cracking down on waste, fraud, and abuse in government programs. The bipartisan IMPROVE Acquisition Act will reform the defense acquisition system to save American taxpayers $135 billion over the next five years and make sure that the men and women who are risking their lives to safeguard our country get the proper equipment they need to do their jobs and protect themselves on the battlefield.

Congresswoman Loretta Sanchez

“As the ranking female on the House Armed Services Committee, I am committed to getting our men and women in uniform the resources they need to do their jobs safely and effectively,” said Rep. Sanchez. “At the same time, we also have an obligation to eliminate waste, fraud, and abuse in government. This bill would help ensure that Congress is making smart investments in projects and programs that enhance America’s security – not those that waste taxpayer dollars.”

The IMPROVE Acquisition Act cleans up waste, fraud, and abuse in the defense acquisition system through four key common sense reforms. It creates a better accountability system, establishes an auditable financial management system at the Department of Defense, improves the management of the acquisition workforce, and expands and strengthens the industrial base. The bill builds on the legislation enacted by the Democratic-led Congress last year to clean up wasteful defense spending and reform weapons system acquisition.

A second measure, the bipartisan Improper Payments Elimination and Recovery Act, targets nearly $100 billion a year in improper government payments that result from poor oversight on the part of federal agencies. This legislation improves transparency in government agencies, prevents improper payments, requires agencies to recover overpayments, and holds top managers at agencies accountable for improper payments or overpayments.

6 Comments

    • Ken —
      Matt runs a public affairs firm; his firm gets hired to work with government entities and quasi-government entities. Is there something illegal in engaging in this activity?

      BTW, from the heavy breathing on OJ about this, these folks clearly have no idea what baseline work for public affairs and public relations include. And yes, reading the media coverage is something everyone in this field is paid to do. The most effective way to work with reporters and editors is to know the stories they have written and issues that they cover.

      Might I suggest the ankle biters take a PR 101 class at CSU-Fullerton (which has an excellent program BTW) and get verification that this very necessary and very basic step is something any professional in this space does.

    • Kenlaybraindead,
      Just because you repeat a lie ad naseum, don’t expect us or anyone with a working brain to believe it. The waste that Loretta should be investigating is all the brain cells lost reading the drivel that eminates from Pedroza and his deranged crew of heavy breathers.

  2. Congressional Oversight Committee Holds Hearing on Collapse of Fannie Mae and Freddie Mac:

    “.. Fannie Mae and Freddie Mac knew what they were doing. Their own risk managers raised warning after warning about the dangers of investing heavily in the subprime and alternative mortgage market. But these warnings were ignored.”

    “In 2004, Freddie Mac’s chief risk officer sent an e-mail to CEO Richard Syron urging Freddie Mac to stop purchasing loans with no income or asset requirements “as soon as practicable.” The risk officer warned that mortgage lenders were targeting “borrowers who would have trouble qualifying for a mortgage if their financial position were adequately disclosed” and that the “potential for the perception and the reality of predatory lending with this product is great.”

    “But Mr. Syron did not adopt the chief risk officer’s recommendation. Instead, the company (Freddie Mac) fired him.”

    So Loretta, if Fannie and Freddie were instrumental in the collapse of the housing market, why are these two institutions not included in the proposed “Financial Reform Bill” ?

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