The investigation is being led by Health Care and Financial Services Subcommittee Chairwoman Lisa McClain, R-Mich., and Rep. Andy Biggs, R-Ariz., following an explosive Wall Street Journal report last week alleging that FDIC Chair Martin Gruenberg failed to address a culture of sexual harassment and discrimination at his agency.

“The reports by The Wall Street Journal describe an abusive culture of sexual harassment, and discrimination within the FDIC, and a lack of internal processes encouraging reporting and effective responses to such allegations,” the lawmakers wrote in a letter to Gruenberg.

[I wonder if Congress could survive similar scrutiny. Regardless, this is exactly why we have congressional oversight, and this is a smart idea. — Ed]