Oversight

Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’ The US treasury department demanded on Friday that the Financial Times (FT) retract a report on treasury secretary Scott Bessent’s views on the Federal Reserve, accusing the newspaper of publishing “false claims” in a formal complaint that was escalated to the news outlet’s parent company, Nikkei Inc.The email from treasury officials, addressed to senior editors at the FT and Nikkei, disputed multiple claims in the story and criticized the headline as misrepresenting the underlying reporting. Continue reading...

• U.S. Representative Greg Stanton (D-Ariz.) led two bipartisan bills that passed the House unanimously on March 26, 2026, aimed at strengthening federal oversight and enhancing safety at federal facilities. • The legislation targets improvements in regulatory compliance and security protocols across government properties nationwide. • This rare unanimous support highlights cross-party consensus on bolstering federal infrastructure resilience amid rising security concerns.

• The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, chaired by Rep. Bryan Steil (WI-01), held a hearing on March 26 to examine how federal agencies are addressing emerging technologies. • The hearing explored how Congress can support responsible innovation while ensuring strong oversight and accountability as AI technologies continue to advance rapidly. • Regulators testified on strategies to keep pace with technology innovation speed, highlighting the gap between regulatory evolution and market velocity.

• The House Committee on Oversight and Government Reform advanced nine bills on March 19, 2026, to safeguard American taxpayers and ensure efficient use of federal funds. • Key measures include H.R. 7934 requiring agencies to publish settlement agreements online, doubling whistleblower cash awards to $20,000, and mandating Treasury reports on fiscal risks from crises amid $38 trillion debt. • Legislation reforms FFATA for accurate USAspending.gov data and recognizes special districts for federal aid, addressing unreported funds including national security spending.

• Researchers from Carnegie Mellon and Northwestern Universities conclude insurer consolidation boosts health insurance premiums in US markets. • About 238 million Americans, or 78% of those insured, rely on private health insurance, increasingly concentrated with examples in Medicare Advantage drawing antitrust attention. • The analysis urges regulation and oversight to address market imperfections from asymmetric information and market power.

• American Oversight marked Sunshine Week 2026 with three victories forcing Trump administration and local governments to preserve records over the past year. • Wins advanced government accountability through legal actions ensuring compliance with transparency laws. • Identified three major threats to openness, emphasizing ongoing risks to public access amid political developments.

House Committee on Oversight and Government Reform Chairman James Comer (R-Ky.) announced a full committee markup on Wednesday, March 18, 2026, at 10:00am ET, to consider multiple bills aimed at protecting taxpayer dollars and improving government accountability. The legislation includes reforms to the Federal Funding Accountability and Transparency Act (FFATA) requiring annual reporting on unreported funds, including national security spending, and mandates federal agencies to publish settlement agreement details like dates, payments, and attorney fees in public databases. These measures address long-standing concerns over inefficient federal spending and lack of transparency, potentially saving billions by ensuring accurate data on USAspending.gov. The Special District Fairness and Accessibility Act would also define special districts in law and require OMB guidance for their eligibility for federal grants.