Press Releases

  January 14, 2010 -Ranking Member Spencer Bachus and other House Republicans urged Federal Reserve Chairman Ben Bernanke to give Financial Services Committee Members access to documents detailing the Fed's handling of the bailout of American International Group (AIG) previously made available to Members of the Senate Banking Committee. "Recent disclosures that the New… Read more »

  January 13, 2010 - Congressman Spencer Bachus, the top Republican on the Financial Services Committee, issued the following statement in response to Chairman Barney Frank's comments announcing a Jan. 22 hearing on compensation.  "Hearings that seek to examine ways to reduce the risk of excessive compensation in our financial system must begin at Fannie Mae and… Read more »

- House Financial Services Committee Ranking Member Spencer Bachus made the following statement today: "In his press conference this morning, Chairman Frank said that I had asked for a hearing on the disparity of payments made by AIG to counter-parties as compared to smaller banks, but that I withdrew the request.  .  "Chairman Frank is mistaken on this… Read more »

- Congressman Spencer Bachus, the top Republican on the Financial Services Committee, issued the following statement regarding reports that the Obama Administration will propose a tax on financial institutions. "There is no way the Administration can design a tax on financial firms that will not be passed on to consumers and investors in the form of higher interest rates and… Read more »

  "There is no more urgent business before the Committee and this hearing should be given the highest priority." January 7, 2010 - Congressman Spencer Bachus, the top Republican on the Financial Services Committee, wrote to Chairman Barney Frank yesterday urging him to convene a hearing to examine the latest report that the Federal Reserve Bank of New York, under the… Read more »