Press Releases

A proposal to modernize and reform the Section 8 housing voucher program will be discussed at a subcommittee hearing on Thursday. On June 16, the Insurance, Housing and Community Opportunity Subcommittee released a discussion draft of legislation to streamline the operations and improve the effectiveness of the Section 8 program. During the hearing on Thursday, Subcommittee members… Read more »

Five bills that ease the regulatory burden on small businesses and emerging growth companies were approved by a Financial Services subcommittee yesterday. The proposals make it easier for entrepreneurs and small businesses to access capital so their companies can grow and create jobs. “These proposals help create an environment that is pro-job, pro-market, and pro-growth,” said… Read more »

Financial Services Committee Chairman Spencer Bachus made the following statement today during a Full Committee hearing with Treasury Secretary Tim Geithner on the first report of the Financial Stability Oversight Council (FSOC). "Mr. Secretary, this morning you were quoted as saying that 'the biggest risk we face is financial institutions not taking enough risk.'  Secretary… Read more »

Treasury Secretary Timothy Geithner will testify before the Financial Services Committee on Thursday about efforts to implement regulatory reforms and identify emerging threats to the nation’s financial stability. Secretary Geithner will deliver to the Committee the annual report of the Financial Stability Oversight Council (FSOC), which was established by the Dodd-Frank Act to… Read more »

The Subcommittee on Housing, Insurance and Community Opportunity will hold a hearing this week to examine the Obama Administration’s response to the housing crisis, including new proposals announced by the President during his recent speech to a joint session of Congress. The Administration created a number of programs designed to help borrowers avoid foreclosure or refinance… Read more »

The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will hold a hearing on auditing the Federal Reserve and the need for transparency at the central bank. The Subcommittee will receive testimony from the Government Accountability Office (GAO) on its procedural audit and report, issued in July, of the Federal Reserve’s emergency lending facilities. The… Read more »

The Financial Services Committee released an updated schedule of hearings and mark ups for the first half of October. The Committee schedule is tentative and will depend upon witness availability and other factors that may require changes.  Therefore, each meeting will become final only when the official notice is distributed.  Hearing witnesses will be announced at later… Read more »

Financial Services Committee Chairman Spencer Bachus today issued the following statement about the Capital Markets and Government Sponsored Enterprises Subcommittee’s hearing on small business capital formation and job creation: "Today’s hearing continues the Committee’s ongoing efforts to promote policies that restore growth to our economy, support capital formation, and create… Read more »

Financial Services Committee Chairman Spencer Bachus made the following comment on Tuesday about the Justice Department accusing Full Tilt Poker, an Internet gambling company, of being an illegal Ponzi scheme: “For years I have said these off-shore Internet gambling sites are criminal enterprises.  If these operations are willing to break one law, it should surprise no one that they… Read more »

Leading Congressional investigators on the House Oversight and Government Reform and House Financial Services Committees today released the following statements on the decision of the Securities and Exchange Commission (SEC) Inspector General to refer the matter of the ethics failure and conflict of interest involving former General Counsel David Becker to the Department of… Read more »