Press Releases

Two congressional subcommittees will hold a joint hearing on Thursday to examine how the Securities and Exchange Commission (SEC) handled potential conflicts of interest involving David Becker, a former SEC general counsel who financially benefited from the Madoff Ponzi scheme. The joint hearing will be held by the Financial Services Committee’s Oversight and Investigations… Read more »

Five bills that would make it easier for small companies to raise money and create jobs will be on the agenda Wednesday during a hearing of the Capital Markets and Government Sponsored Enterprises Subcommittee. Raising capital is necessary for companies to create jobs, and the Financial Services Committee has focused its attention on promoting capital formation since the beginning of the… Read more »

The Financial Services Committee today released an updated schedule of the hearings it has planned through mid-October. All hearings will take place in Room 2128 of the Rayburn House Office Building. Wednesday, September 21: The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing at 10 a.m. to discuss proposals to promote small business capital… Read more »

Financial Services Committee Chairman Spencer Bachus on Tuesday announced the committee’s schedule of hearings for the week of September 19.  All hearings will take place in room 2128 of the Rayburn House Office Building. Wednesday, September 21: The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing at 10 a.m. on promoting small business… Read more »

The Financial Services Committee will hold a hearing on Thursday to examine reforms needed to improve accountability and the effectiveness of the Securities and Exchange Commission. While the agency experienced a tripling of its budget from 2000 to 2010, shortcomings and failures of the SEC came to light as the financial crisis unfolded, including the agency’s failure to detect the… Read more »

Financial Services Committee Chairman Spencer Bachus made the following statement today during a Subcommittee hearing entitled “Ensuring Appropriate Regulatory Oversight of Broker-Dealers and Legislative Proposals to Improve Investment Adviser Oversight." "Thank you, Chairman Garrett, for convening this important hearing to examine Sections 913 and 914 of the Dodd-Frank… Read more »

WASHINGTON -The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will hold a hearing on Wednesday to examine the cyber security threat to the nation’s financial sector. During the hearing, the Subcommittee will examine the threats hackers pose to financial institutions and government agencies, the methods used by hackers to breach… Read more »

The Capital Markets and Government Sponsored Enterprises Subcommittee, chaired by Rep. Scott Garrett, will convene for a hearing to evaluate the need for a new standard of care for broker-dealers and a legislative proposal aimed at improving the oversight of  investment advisers. Section 913 of the Dodd-Frank Act authorized but did not require the Securities and Exchange… Read more »

Republicans on the Financial Services Committee, concerned that the increasing regulatory burden is hurting job creation, are questioning Treasury Secretary Timothy Geithner on whether the Administration is living up to a promise it would “streamline and simplify” regulations when implementing the Dodd-Frank Act. During a news conference in the Capitol on Thursday, Committee Chairman… Read more »

The Financial Services Committee’s ongoing efforts to build a stronger housing finance system free of taxpayer guarantees will bring several of its members to New York City next week for a subcommittee field hearing. The Capital Markets and Government Sponsored Enterprises Subcommittee, which is spearheading the committee’s efforts to end the bailout of Fannie Mae and Freddie Mac, will… Read more »