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Garrett Announces Subcommittee Hearing On 7 Bills To End Bailout of Fannie, Freddie

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Capital Markets and Government Sponsored Enterprises Subcommittee Chairman Scott Garrett announced today the Subcommittee will convene for a hearing entitled “Transparency, Transition and Taxpayer Protection: More Steps to End the GSE Bailout” on Wednesday, May 25th at 2 p.m. in room 2128 Rayburn. The hearing continues the Financial Services Committee’s ongoing effort to end the…

Bachus: Committee To Delve Into HUD’s HOME Investment Partnership Program

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WASHINGTON: Financial Services Committee Chairman Spencer Bachus announced today that the Committee will hold a hearing next week on allegations of mismanagement and waste in the HOME Investment Partnership Program administered by the Department of Housing and Urban Development (HUD). HOME is HUD’s largest federal block grant program for affordable housing projects.  A recent series…

Miller Announces Subcommittee Hearing on Legislation to Promote American Jobs Through Exports

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The International Monetary Policy and Trade Subcommittee, chaired by Rep. Gary G. Miller, will hold a hearing on Tuesday, May 24 to review legislation reauthorizing the Export–Import Bank.  The Ex-Im Bank’s charter is set to expire on September 30, 2011. The hearing will take place in room 2128 Rayburn at 2:00 p.m. Subcommittee Chairman Miller said, “To get our economy back on…

Financial Services Committee Website Allows Woman in Texas to Pose Question During Congressional Hearing

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Cassie Wilkinson of Austin, Texas was able to pose a question to a witness during a congressional hearing, even though she’s not a member of Congress. She asked her question during a House Financial Services subcommittee hearing on Friday thanks to a new feature on the committee’s website called YourWitness. Unveiled last week, YourWitness invites citizens to submit questions that…

Bills Bringing Oversight and Accountability to CFPB Approved by Committee

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Three bills that will bring transparency, oversight and accountability to the Consumer Financial Protection Bureau (CFPB) were approved by the House Financial Services Committee today.    Financial Services Committee Chairman Spencer Bachus said, “Everyone on this Committee supports robust consumer protection.  But there must be real oversight and accountability of every…

Committee Maintains Focus on Economy and Jobs

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Financial Services Committee Chairman Spencer Bachus announced the Committee’s planned schedule for the weeks of May 23 and May 30. The schedule shows the Committee will continue focusing on policies that encourage economic growth and job creation.   “Promoting policies that will strengthen our economy and create jobs remains our Committee’s top priority,” said Chairman…

Chairman Bachus Appoints Fincher To Financial Institutions And Oversight Subcommittees

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WASHINGTON:  Financial Services Committee Chairman Spencer Bachus welcomed Rep. Stephen Fincher (TN) to the Committee today. During the Full Committee mark up, Chairman Bachus offered a resolution appointing Rep. Fincher to the Financial Institutions and Consumer Credit Subcommittee, and the Oversight and Investigations Subcommittee.  Rep. Fincher is filling the vacancy left by…

FACT CHECK on Ranking Member Barney Frank’s “believe it or not” claims on oil speculation and the CFPB

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Claim: During a May 10 appearance on MSNBC, Ranking Member Barney Frank said, “We will be voting this week in the Committee on Financial Services on a Republican bill, believe it or not, which would make it impossible to deal with speculation in the oil industry.”   FACT: Don’t believe it because this allegation is simply untrue.  The Commodity Futures Trading Commission…

Paul: Subcommittee To Explore Relationship Between Federal Reserve And Government Debt

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Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today the Subcommittee will hold a hearing entitled “Monetary Policy and the Debt Ceiling: Examining the Relationship Between the Federal Reserve and Government Debt.”   The hearing will explore the fundamental role that U.S. government debt plays in the monetary system; the use of Treasury debt…

Garrett Announces Subcommittee Hearing To Improve Whistleblower Provisions In Dodd-Frank

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Capital Markets and Government Sponsored Enterprises Subcommittee Chairman Scott Garrett announced today the Subcommittee will meet for a hearing to examine legislative proposals to improve the whistleblower provisions in the Dodd-Frank Act. The hearing will take place on Wednesday, May 11 at 2 pm in room 2128 Rayburn. Subcommittee Chairman Garrett said, “As with many of the provisions…

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