Press Releases

:   Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today the Subcommittee will meet for a hearing to examine the impact of Federal Reserve policies on job creation and the unemployment rate. The hearing will be held on Wednesday, February 9th at 10 am in room 2128 Rayburn.   Subcommittee Chairman Paul said, “I’m very pleased to… Read more »

“This is yet another missed deadline for the Administration to present a plan for Fannie Mae and Freddie Mac. While there is no legitimate reason for failing to have a plan, the Democrats always offer an excuse for not meeting deadlines, even those they themselves impose. It is clear the Administration cannot make any tough choices required to protect taxpayers and end the bailout… Read more »

:   Financial Services Committee Chairman Spencer Bachus made the following statement today regarding the failure of the Obama Administration to submit a plan for Fannie Mae and Freddie Mac as required by statute. Chairman Bachus said, “This is yet another missed deadline for the Administration to present a plan for Fannie Mae and Freddie Mac. While there is no… Read more »

: Financial Services Committee Chairman Spencer Bachus made the following statement today regarding the Financial Crisis Inquiry Commission’s report. “It is unfortunate that taxpayers were forced to spend almost $10 million on a Commission that failed to reach even a rough consensus on the causes of the financial crisis.  The decision by the Obama Administration and… Read more »

:   Financial Services Committee Chairman Spencer Bachus made the following statement today during a Full Committee hearing entitled, “Promoting Economic Recovery and Job Creation: The Road Forward.” Today, we begin to focus on the number one issue that Americans want Congress to address: jobs and the economy. We begin this work faced with an oncoming rush of more… Read more »

:  Financial Services Committee Chairman Spencer Bachus made the following statement regarding the SIGTARP quarterly report to Congress which found the Treasury has not carried out recommendations for the Small Business Lending Fund (SBLF): “There is no justification for Treasury’s failure to implement sensible recommendations suggested by SIGTARP that go a long way to… Read more »

:   Financial Services Committee Chairman Spencer Bachus made the following statement regarding the State of the Union address:   “The American people know that the debt is a huge roadblock to economic recovery.  Spending cuts must come first and they must be significant.  ‘Targeted investment’ is a glorified phrase for more spending.  During… Read more »

:   Financial Services Committee Chairman Spencer Bachus today announced the tentative hearing schedule for the next two months.   Chairman Bachus said, “The Committee will be busy this year addressing the issues of concern to Americans: jobs, economic activity, Fannie and Freddie reform, and implementation of Dodd-Frank. We will work to ensure that taxpayers are… Read more »

:  Financial Services Committee Chairman Spencer Bachus made the following statement today during the Committee’s organizational meeting: “Welcome to the organizational meeting of the Financial Services Committee for the 112th Congress.  It is a tremendous honor to serve as Chairman of this committee, and I am grateful to my Republican colleagues for giving me… Read more »

:  Financial Services Committee Chairman Spencer Bachus today made the following statement regarding a Democrat press conference on SEC funding.   “The Financial Services Committee will closely examine the Dodd-Frank mandated SEC organizational reform study and the SEC’s formal budget request to identify wasteful, inefficient and outdated regulatory programs and… Read more »