The Financial Services Oversight and Investigations Subcommittee will meet in New York City on September 6 to evaluate the federal government’s efforts to track down and stop the financing of terrorists.
As part of the government’s response to the September 11, 2001 terror attacks, Congress created the Office of Terrorism and Financial Intelligence within the Treasury Department. … Read more »
WASHINGTON - The Financial Services Committee is facing a busy first half of September with 11 hearings over the course of seven days on topics ranging from terrorist financing to reform of the Securities and Exchange Commission.
On Friday, Chairman Spencer Bachus announced the committee’s tentative hearing schedule for the first half of September. Witnesses for the hearings will… Read more »
The Financial Institutions and Consumer Credit Subcommittee will meet in Newnan, Georgia next week to ask community bankers and regulators if overly stringent federal bank examination standards are impeding an economic recovery.
Complaints from small business owners and bankers that regulatory standards are being applied in ways that inhibit bank lending have become so common the… Read more »
Financial Services Committee Chairman Spencer Bachus is drafting legislation to restructure the Securities and Exchange Commission and implement reforms recommended by the SEC’s Inspector General, the Government Accountability Office and a consultant’s report mandated by the Dodd-Frank Act.
Chairman Bachus emphasized that the reform proposal should not be interpreted as criticism of SEC… Read more »
The U.S. House of Representatives has approved legislation to thoroughly review the causes of recent bank failures as well as the impact of the FDIC’s practices and procedures on community banks.
H.R. 2056, introduced by Financial Services Committee Member Rep. Lynn Westmoreland, requires the Inspector General of the FDIC to study issues raised by recent bank failures and report back… Read more »
Financial Services Committee Chairman Spencer Bachus today announced the committee’s hearing schedule for the first week of August.
All hearings will begin at 10 a.m. and will take place in Room 2128 Rayburn.
Wednesday, August 3: The Insurance, Housing and Community Opportunity Subcommittee will hold a hearing on the single- and multi-family programs of the Federal Housing… Read more »
As the nation’s major credit rating companies threaten to downgrade the credit rating of the United States over the swelling size of the national debt, the Oversight and Investigations Subcommittee will meet on Wednesday to examine the credit rating industry and the impact of Dodd-Frank Act changes to the regulation of credit rating agencies.
The Dodd-Frank Act contains an important… Read more »
The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will meet on Tuesday, July 26 for a hearing on legislation to improve oversight and transparency of the rent-to-own industry.
During the hearing, the Subcommittee will focus on H.R. 1588, the Consumer Rental Purchase Agreement Act, introduced by Rep. Francisco Canseco. The legislation… Read more »
The Subcommittee on International Monetary Policy and Trade will consider the impact of the World Bank and multilateral development banks (MDBs) on U.S. job creation at a hearing on Wednesday, July 27, 2011 at 2:00 p.m.
The hearing will focus on how MDB lending and assistance to middle-income and poor countries around the world contributes to the U.S. employment base. The… Read more »
The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will question Federal Reserve Bank of Kansas City President Dr. Thomas Hoenig about the Federal Reserve’s role in the economy and the likelihood of QE3 during a hearing on July 26.
Dr. Hoenig is the longest-serving of the 12 presidents of the regional Federal Reserve Banks.
The hearing will examine… Read more »
