Iowa GOP Sen. Chuck Grassley and House Oversight Committee Chair James Comer, R-Ky., are demanding a document from the FBI they say outlines an unverified and unspecified “alleged criminal scheme” involving a foreign national and President Joe Biden when he was vice president. 

Comer on Wednesday subpoenaed the FBI for the document, and in a statement said information from a whistleblower “raises concerns that then-Vice President Biden allegedly engaged in a bribery scheme with a foreign national.” 

Comer and Grassley also sent a letter to FBI Director Christopher Wray and Attorney General Merrick Garland stating they believed the agencies hadn’t taken the appropriate steps to evaluate the allegations and allowed “political bias to infect their decision-making process.” Read Full Story

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Two top congressional Republicans are investigating whether green-energy groups and a consumer magazine coordinated with the Biden administration to restrict and even ban the use of gas stoves.

House Oversight and Accountability Chairman James Comer of Kentucky and Sen. Ted Cruz of Texas are calling the effort “a hidden pressure campaign” to ban the popular appliances.

They wrote to Consumer Reports, the Climate Imperative Foundation, and Rewiring America, demanding information about contact that the groups had with the administration, and in particular the Consumer Product Safety Commission, which voted recently to seek public input about “the chronic hazards associated with gas ranges and proposed solutions.”

The lawmakers are also seeking information about the “precise purpose” of $400,000 that the Climate Imperative Foundation provided to the Windward Fund, which sponsors Rewiring America, a group that has declared its goal is to “electrify everything.” Rewire America recently hired failed Georgia gubernatorial candidate Stacey Abrams, a Democrat, as its senior counsel. Read Full Story

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Republicans are demanding details on the Federal Housing Finance Agency’s new mortgage rate pricing shifts that could force people with good credit ratings to pay increased fees to subsidize high-risk mortgages.

The FHFA, the regulator of Fannie Mae and Freddie Mac, announced changes last week to the loan-level price adjustment, or LLPA, matrix as part of the Biden administration’s efforts to boost first-time and low-income borrowers and close the racial homeownership gap. The LLPA rate shifts would make mortgage fees cheaper for low-credit and low-down-payment borrowers, which critics claim would lead to spikes in monthly payments for high-credit homebuyers.

A group of 18 GOP senators warned in a letter Wednesday to FHFA Director Sandra Thompson that the changes “will invert the common-sense risk financing structure at the GSEs in an effort to decrease mortgage rates for riskier individuals with low credit scores and forcibly raise rates for those with higher scores. This shortsighted and counterproductive policy demonstrates a profound misunderstanding of the necessity of accurately tailoring housing finance products to credit risk and establishes a perverse incentive that punishes hardworking Americans for their fiscal prudence.” 

“The housing market should not be exploited as a means to pander to targeted demographics that you have chosen, nor an instrument to secure political favoritism,” stated the letter, led by Sens. Roger Marshall and Thom Tillis. Read Full Story

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