News List

  • Bachus, Blunt: Americans Deserve Answers Regarding AIG's Bailout To Protect Taxpayers In The Future
    Nov 19, 2009 - - Congressman Spencer Bachus, the top Republican on the Financial Services Committee, and Former House Majority Leader Roy Blunt (R-MO), the second ranking Republican on the House Energy and Commerce Committee, today called on Chairman Barney Frank to schedule a hearing to examine the November 17th... More
  • Bachus, Capito Call For Hearings To Examine State of FHA
    Nov 18, 2009 - - Financial Services Committee Ranking Member Spencer Bachus and Housing Subcommittee Ranking Member Shelley Moore Capito urged Chairman Barney Frank and Housing Subcommittee Chairwoman Maxine Waters to convene a hearing to examine the precipitous decline in the Federal Housing Administration's (FH... More
  • Democrats Vote To Continue Government Interventions In Financial Markets
    Nov 17, 2009 - - During consideration of the Financial Stability Improvement Act of 2009, Financial Services Committee Democrats voted against an amendment that would bring an end to the era of taxpayer bailouts by prohibiting federal agencies from using taxpayer funds to rescue financial institutions. The amendm... More
  • Democrats Vote For A Permanent Bailout Fund, Expand Government Guarantee On The Financial Market
    Nov 17, 2009 - Republican Substitute Offers An Exit Strategy From Taxpayer Bailouts November 17, 2009 -During consideration of the Financial Stability Improvement Act of 2009, Democrats on the Financial Services Committee voted against an amendment that would end taxpayer-funded bailouts of failed non-bank financ... More
  • Democrats Vote To Extend TARP, Continue Deficit Spending
    Nov 17, 2009 - - During consideration of the Financial Stability Improvement Act of 2009, Financial Services Committee Democrats voted against an amendment that would prevent the Treasury Department from extending Troubled Asset Relief Program (TARP) beyond December 31st, when it is set to expire. The amendment, ... More
  • Bachus: We Must End AIG-Style Bailouts
    Nov 17, 2009 - - Congressman Spencer Bachus, the top Republican on the Financial Services Committee, made the following statement regarding the report on AIG's counterparty payments by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP): "This report paints a devastating picture of a Fed... More
  • Bachus: Administration Must Take Steps To Protect Taxpayers, Strengthen FHA
    Nov 12, 2009 - - Congressman Spencer Bachus, the top Republican on the Financial Services Committee, made the following statement today regarding the report that FHA's capital reserve ratio fell to 0.53 percent: "Today's report is troubling and shows just how fragile the financial position of the FHA is. As the F... More
  • Bachus Supports The No More Bailouts Act
    Nov 6, 2009 - -Congressman Spencer Bachus, the top Republican on the Financial Services Committee, made the following statement today during consideration of the Republican substitute to the Democrats' so-called "Financial Stability Improvement Act." The No More Bailouts Act ends all taxpayer funded bailouts and... More
  • Bachus, Kyl: There Is No Justification For Delaying UIGEA Compliance
    Nov 5, 2009 - - Financial Services Committee Ranking Member Spencer Bachus (R-AL) and Senate Republican Whip Jon Kyl (R-AZ) sent a letter to Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke opposing a request from the gambling industry to delay the implementation of the Unlawful Internet... More
  • Bachus: Democrats Legislation Still Leaves Investors Without The Protections They Deserve
    Nov 4, 2009 - - Statement of Congressman Spencer Bachus, the top Republican on the Financial Services Committee, regarding the passage of the Democrats' so-called Investor Protection Act of 2009: "Although there are a number of positive reforms in the bill, including provisions to exempt small companies from Sec... More