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Mr. Leahy said Congressional oversight was not "as some have mistakenly described it, to protect terrorists.
The financial crisis had made it clear that less oversight was not always a "good".
Collins, the report said, forgot to schedule the annual inspection for the lift in August 2010, but it also said that oversight was not a factor in the accident.
Although Congressional oversight was not a focus of the commission's public hearings, officials said Congress's management of intelligence will also be a target of criticism in the final report, with the commission's urging lawmakers to scrap the watchdog system now used for intelligence and domestic security.
Their determination after review was that oversight was not required for this study.
Thus, this oversight was not detected until the push to meet the final deadline," Prince said in the court filing.
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But more oversight is not enough.
However, Congress's powers of oversight is not without limit.
But lawmakers involved in such oversight are not so sure about that.
But the cause of oversight is not necessarily furthered when overseers are multiplied.
And the challenge of oversight is not becoming any easier, with the ranks of financial advisers swelling.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com