Press Releases

-Financial Services Committee Chairman Spencer Bachus reacted Tuesday to reports that government regulators will cut the pay of the executives they hire to succeed the departing heads of Fannie Mae and Freddie Mac. Chairman Bachus first proposed legislation to suspend the pay packages and stop bonuses for executives of Fannie Mae and Freddie Mac in 2010.  He reintroduced the bill… Read more »

A joint hearing in January held by two Financial Services subcommittees will evaluate the proposed Volcker Rule and its impact on the economy, jobs, businesses and investors.  Members of the subcommittees will also ask federal regulators about the costs of complying with the regulations as well as perceived benefits that will result from the regulations. The Volcker Rule, a… Read more »

Financial Services Committee Chairman Spencer Bachus, who proposed legislation earlier this year to place the Consumer Financial Protection Bureau (CFPB) under the direction of a bipartisan commission, released the following statement about President Obama’s decision to disregard the Constitution and attempt to appoint a director for this new, unaccountable government bureaucracy: “The… Read more »