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FOR IMMEDIATE RELEASE JULY 29, 2004 1:59 PM	CONTACT: Committee on Government Reform Karen Lightfoot, (202) 225-5051

New Report Highlights Need for Investigation of Iraq Funds Mismanagement

WASHINGTON - July 29 - A new report from the Inspector General of the Coalition Provisional Authority finds multiple problems in how the United States managed the Iraqi oil proceeds deposited into the Development Fund for Iraq, leading Rep. Waxman to renew his call for a congressional investigation. July 29 Letter to Chairman Davis - Report from the Coalition Provisional Authority's Inspector General ###

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