Press Releases

Financial Services Committee Chairman Spencer Bachus announced on Thursday his committee will hold a hearing on H.R. 1148, the STOCK Act, on December 6. “Existing law clearly prohibits insider trading by Members of Congress.  However, the American public deserves for there to be no question or equivocation concerning Members of Congress or any citizen being exempted from laws… Read more »

A bill authored by Financial Services Committee Chairman Spencer Bachus to stop future bonuses at Fannie Mae and Freddie Mac and suspend the current multi-million dollar compensation packages for the top executives was overwhelmingly approved by the Committee. The vote on the bill was 52 to 4. Earlier this month, the Federal Housing Finance Agency announced the CEO of Fannie Mae… Read more »

A bill introduced by Financial Services Committee Chairman Spencer Bachus that would suspend the compensation packages of top executives at Fannie Mae and Freddie Mac will be considered by the Committee on Tuesday. Chairman Bachus introduced the legislation during the 111th Congress and re-introduced the bill in March of this year.  The bill, H.R. 1221, the Equity in Government… Read more »

The Financial Services Committee released its planned events for next week.  All hearings and mark ups will take place in the Financial Services Committee’s main hearing room, 2128 Rayburn. Witnesses for hearings will be announced at later dates. Tuesday, November 15: The Financial Services Committee will consider legislation (H.R. 1221) introduced by Chairman Spencer… Read more »

Two bills creating new sources of capital for small businesses to grow and create jobs garnered overwhelming, bipartisan support in the House of Representatives today.  Yesterday, the House approved two other bills spearheaded by the Financial Services Committee that eliminated government barriers to capital formation and job creation. All four capital formation bills considered… Read more »

The House of Representatives approved two bills today to modernize outdated regulations by the Securities and Exchange Commission (SEC) and make it easier for small businesses to access capital so they can invest and hire. Access to capital is essential for entrepreneurs and small companies to grow their businesses and hire workers. Both bills passed the House with strong bipartisan… Read more »

The Financial Services Committee approved four bills today that remove regulatory obstacles to capital formation so small businesses can grow and create jobs. The bills, approved with bipartisan support, change and update Securities and Exchange Commission (SEC) regulations to promote, rather than hinder, small business access to equity financing. As a result of the economic crisis… Read more »

The Financial Services Committee will vote on a package of bills next week that will reduce Securities and Exchange Commission (SEC) regulatory barriers to small business growth and job creation. All five bills the Committee will mark up on Wednesday represent an opportunity for Republicans and Democrats to find “common ground” on ways to create jobs, said Chairman Spencer… Read more »

The Financial Services Committee today released its planned schedule for the week of October 24. Witnesses for each hearing will be announced at later dates. All hearings will take place in room 2128 Rayburn. Tuesday, October 25: The International Monetary Policy and Trade Subcommittee will hold a hearing on the Eurozone crisis and implications for the United States at 10… Read more »

Republicans on the Financial Services Committee are urging the deficit reduction “supercommittee” to consider not only ways to cut spending but also ideas that will jumpstart the economy. In a letter signed by GOP members on the Financial Services Committee, the Republicans lay out detailed recommendations to reduce expenditures in programs under the Committee’s jurisdiction.  They… Read more »