Rep. Kline leading effort for federal officials’ testimony on GM restructuring

WASHINGTON, D.C. — Republicans are demanding a hearing on exactly how much input federal officials had in the restructuring of General Motors, which resulted in the bankruptcy of the largest domestic automaker and ouster of its CEO.

In a letter (PDF) addressed to Treasury Secretary Timothy Geithner, 2nd District Rep. John Kline and three others requested that officials from the White House, Treasury Department and Presidential Task Force on the Auto Industry testify on how restructuring decisions for GM and parts-supplier Delphi were made. Kline is ranking member of the House Education and Labor Committee, which has jurisdiction over such issues.

“It is beyond dispute that the federal government — now a 60 percent owner of General Motors — played a significant role in shaping these outcomes and in brokering negotiations among key interests,” they wrote.

No such hearing, even if that request is granted, is likely to occur before early 2010. The Republican quartet asked for a response by Dec. 18, the day on which House Democratic leaders hope to adjourn for the year.

No comments yet

Leave a Reply