Washington, D.C. - Today, Congressman Kevin Brady (R-TX), the lead House Republican on the Joint Economic Committee submitted an amendment to the Financial Services appropriations bill to force Treasury to accept recommendations from the bailout funds watchdog created by Congress, Neil Barofsky.

“Treasury has refused to adopt recommendation after recommendation on how to protect taxpayer money from fraud, waste, abuse and collusion,” said Brady

“As the Treasury continues to stonewall, this amendment will stop funding the salaries and expenses of the Department of the Treasury Office of Financial Stability until they take action or tell us exactly why they can’t.”

An example of a recommendation that Treasury has refused to act upon is below:

Bailout funds watchdog, Neil Barofsky continues to recommend that Treasury require all bailout recipients to report on the actual use of the funds.