Wednesday, April 16, 2025

Elizabeth Warren is working: GAO Investigations

The U.S. Government Accountability Office plans to scrutinize changes at the U.S. Securities and Exchange Commission, including any led by the White House or Elon Musk's Department of Government Efficiency, according to a letter sent to Democratic lawmakers on Capitol Hill. The GAO, Congress' nonpartisan research arm, told Sens. Elizabeth Warren and Mark Warner it will review the SEC's recent efforts to cut staff, end leases and consolidate its work.

  MSN
We'll see how far they get.  Who's in charge at the GAO?
The SEC has undergone big changes since President Donald Trump took office and Republicans took over the agency, scrapping high-profile cases, reorganizing staff and reining in enforcement staff's ability to kick off formal probes.

[...]

The SEC's budget is set by Congress, but the funding comes from transaction fees imposed on the financial sector and not taxpayer dollars, according to the agency.

[...]

The commission is also facing an exodus, with hundreds of staff taking resignation offers.
So, the "investigation" could take years, right?
The top watchdog agency on Capitol Hill said Tuesday that it will investigate Trump administration cuts to a key program at the U.S. Department of Housing and Urban Development.

[...]

Warren was joined on the request by fellow Democratic U.S. Sens. Alex Padilla, of California, Rapahel Warnock, of Georgia, Tina Smith, of Minnesota, and Cory Booker, of New Jersey.

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The U.S. Government Accountability Office’s investigation into cuts to cuts to fair housing enforcement at HUD came at the request of a group of lawmakers led by U.S. Sen. Elizabeth Warren, D-Mass.

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Plans by Musk and Trump to “cut 80% of HUD’s fair housing staff would harm families across the country who have experienced housing discrimination, whether it be a landlord refusing to make repairs to accommodate someone’s disability, or a Black family whose home is being appraised lower than it should. I look forward to closely following the results of GAO’s investigation,” Warren [said].

[...]

In a March 28 letter, the watchdog office confirmed that the request was “within the scope of its authority,” and that “staff with the required skills will be available shortly to initiate an engagement.”

  Mass Live
"Shortly".

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