Oversight

• SENATE FINANCE COMMITTEE/HOUSE WAYS AND MEANS COMMITTEE (09/10/08): — Senate Finance Committee Chairman Max BaucusMax BaucusGlover Park Group now lobbying for Lyft Wyden unveils business tax proposal College endowments under scrutiny MORE (D-Mont.) and ranking member Chuck GrassleyChuck GrassleyTop Dem Senate hopefuls to skip convention Election to shape Supreme Court Why one senator sees Gingrich as Trump's best VP choice MORE (R-Iowa), House Ways and Means Committee Chairman Charles Rangel (D-N.Y.), and House Financial Services Committee members Paul Kanjorski (D-Pa.) and Michael Capuano (D-Mass.) called for oversight of pension investments in hedge funds and private equity.

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The lawmakers said that greater federal guidance could prevent risky investment of pension money. They referred to a recent Government Accountability Office (GAO) report that found increasing levels of investment by private pension plans in hedge funds and private equity funds.

“It is crucial that we take great care as pensions invest more in hedge funds and private equity,” said Baucus.

• HOUSE EDUCATION AND LABOR COMMITTEE: (8/28/08)
— Chairman George Miller (D-Calif.) said his panel is opening an inquiry into allegations of financial misconduct by local union officials of the Service Employees International Union.

According to media reports, the president of SEIU’s second largest local union may have misdirected union funds to the benefit of his family members and other business associates.

“Our committee takes these reported allegations seriously and we plan to thoroughly review this matter,” he said.

• SENATE ENVIRONMENT AND PUBLIC WORKS COMMITTEE: (8/26/08) — Sens. John KerryJohn KerryPower restored at Turkish air base used in anti-ISIS fight Don't expect much of a post-convention bounce for Trump or Clinton Kerry: Power at Turkish air base to be restored shortly MORE (D-Mass.), Barbara BoxerBarbara BoxerDem suggests race factored into Obama Senate endorsement Obama, Biden back Kamala Harris in Calif. Senate race Tim Scott says he was targeted by Capitol Police MORE (D-Calif.), Chris Dodd (D-Conn.), Sheldon WhitehouseSheldon WhitehouseWhy Kaine is the right choice for Clinton Report: More, stronger cyber attacks to flood networks Senate Dems push Obama for more Iran transparency MORE (D-R.I.), Hillary Rodham Clinton (D-N.Y.), Bernie SandersBernie SandersTop DNC official calls for shake-up in wake of email scandal Trump: Sanders turning out to be 'weak, pathetic' Carson: DNC email leak proves system is corrupt MORE (I-Vt.) and Frank Lautenberg (D-N.J.) sent a letter to Interior Department Secretary Dirk Kempthorne, urging him to withdraw the recent proposed changes to the Endangered Species Act (ESA) regulations.

“The proposed changes are inconsistent with the letter and spirit of the ESA, contradicted by federal judicial precedent, and would reduce rather than strengthen protections for imperiled fish and wildlife,” the senators wrote.

The letter calls for a withdrawal of proposed changes that would signal the largest overhaul of the Endangered Species Act rules since 1986 and could dramatically weaken current U.S. protections for endangered plants and animals.