WASHINGTON: Financial Services Committee Chairman Spencer Bachus welcomed Rep. Stephen Fincher (TN) to the Committee today. During the Full Committee mark up, Chairman Bachus offered a resolution appointing Rep. Fincher to the Financial Institutions and Consumer Credit Subcommittee, and the Oversight and Investigations Subcommittee. Rep. Fincher is filling the vacancy left by… Read more »
Claim: During a May 10 appearance on MSNBC, Ranking Member Barney Frank said, “We will be voting this week in the Committee on Financial Services on a Republican bill, believe it or not, which would make it impossible to deal with speculation in the oil industry.”
FACT: Don’t believe it because this allegation is simply untrue. The Commodity Futures Trading Commission… Read more »
Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today the Subcommittee will hold a hearing entitled “Monetary Policy and the Debt Ceiling: Examining the Relationship Between the Federal Reserve and Government Debt.”
The hearing will explore the fundamental role that U.S. government debt plays in the monetary system; the use of Treasury debt… Read more »
Capital Markets and Government Sponsored Enterprises Subcommittee Chairman Scott Garrett announced today the Subcommittee will meet for a hearing to examine legislative proposals to improve the whistleblower provisions in the Dodd-Frank Act. The hearing will take place on Wednesday, May 11 at 2 pm in room 2128 Rayburn.
Subcommittee Chairman Garrett said, “As with many of the provisions… Read more »
WASHINGTON: As the nation’s economy continues to struggle, the Capital Markets and Government Sponsored Enterprises Subcommittee approved bills on Wednesday that will promote job creation, economic growth and capital formation. The bills now move to the full Financial Services Committee for consideration.
Subcommittee Chairman Scott Garrett said, “The subcommittee… Read more »
WASHINGTON: The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, approved three bills today to strengthen consumer protection and bring transparency, oversight and accountability to the Consumer Financial Protection Bureau (CFPB). On Thursday, May 12 the Full Committee will meet to consider the bills. To view summaries of the bills as… Read more »
WASHINGTON: Financial Services Committee Chairman Spencer Bachus made the following statement during consideration of three bills to promote robust consumer protection and improve the CFPB.
“Today the Subcommittee is marking up three bills that will improve the Consumer Financial Protection Bureau. One of the bills is legislation I’ve introduced, H.R. 1121,… Read more »
WASHINGTON-- Financial Services Committee Chairman Spencer Bachus issued the following comment in response to Deputy Treasury Secretary Neal Wolin’s defense of the rapid pace of the Dodd-Frank Act rulemaking process. In early March, all Republican members of the Committee wrote to regulators to express their concerns about the volume and pace of rulemakings under… Read more »
Financial Services Committee Chairman Spencer Bachus, who co-authored the Unlawful Internet Gambling Enforcement Act which passed in 2006, issued the following statement on Friday about the indictments of some of the largest Internet casinos and their operators.
“Off-shore Internet gambling sites operating in the United States are all illegal and therefore, by definition, are… Read more »
U.S. Representatives Spencer Bachus (R-AL), Frank Lucas (R-OK), K. Michael Conaway (R-TX), and Scott Garrett (R-NJ) introduced H.R. 1573, which would extend the deadline by 18 months for implementing Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill gives the regulatory agencies more time to effectively meet the objectives of the derivatives title, to… Read more »
