House Votes to End 'Car Czar,' 'Pay Czar' Posts
Conservative lawmakers voted Thursday to eliminate the positions in an amendment to a bill that would keep the federal government running through March 30, The Detroit News reported.
The 249-149 vote was along mostly party lines. The advisory positions were labeled "a shadow government" by Rep. Steve Scalise (R-La.).
Among the eight other positions Republicans would like to eliminate is the "pay czar" post held by Patricia Geoghegan, who oversees pay for the top 25 executives at firms that received bailouts under the Troubled Asset Relief Program (TARP).
That led Rep. Barney Frank (D-Mass.) to question why Republicans would want to eliminate the special master position that monitors compensation at General Motors (GM), Chrysler Group, American International Group (AIG) and Ally Financial, all of which received TARP funds.
Should the post be eliminated, Frank said, there would be no one to oversee salaries, bonuses and other compensation at those companies, which still owe the federal government tens of billions of dollars.