Congressman Spencer Bachus today commended the action of the House Financial Services Committee in adopting H.R. 180, the Darfur Accountability and Divestment Act of 2007. The legislation is designed to intensify economic pressure on the government of Sudan, which is conducting what the U.S. government has officially classified as genocide in the Darfur region. Bachus… Read more »
"Let me thank Chairman Cox for his decision to take down the Securities and Exchange Commission's terrorism-information webpage while it is being retooled. Chairman Cox's decision responds to concerns I raised in a letter to the Commission earlier this week. "Retooling this website - which previously provided access to incomplete and extraneous information - will… Read more »
House Financial Services Ranking Member Spencer Bachus (AL) sent the following letter to Securities and Exchange Commission Chairman Christopher Cox. July 10, 2007 The Honorable Christopher Cox Chairman Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Dear Chairman Cox: I am writing to urge the Securities and Exchange… Read more »
House Financial Services Committee Ranking Member Spencer Bachus (AL) sent a letter to Securities and Exchange Commission Chairman Christopher Cox regarding the Commission's terrorism-information webpage. Full text of the letter follows: July 17, 2007 The Honorable Christopher Cox Chairman U.S. Securities and Exchange Commission 100 F Street, NE Washington,… Read more »
BACHUS-GILLMOR-PRYCE INTRODUCE SUBPRIME Lending REFORM LEGISLATION Bill to curb unscrupulous lending practices, increase protections on homebuyers Today House Financial Services Committee Ranking Member Spencer Bachus, joined by original cosponsors Reps. Paul Gillmor and Deborah Pryce, introduced legislation to better protect homebuyers… Read more »
"Today the House once again overwhelmingly passed legislation that reforms the way the Committee on Foreign Investment in the United States (CFIUS) assesses the safety and security consequences of proposed foreign investment in the United States economy. The clarity this legislation brings should lead to greater foreign investment in America, investment that is essential to… Read more »
"Let me commend the Financial Services Forum for commissioning such a thorough, thought-provoking paper. While globalization presents clear challenges, I believe the vast opportunities it presents, ranging from improved quality of life for workers to businesses made strong through vibrant competition, are much stronger. The American economy will continue to prosper and grow if we… Read more »
"Since 9/11, financial institutions have worked hard to combat terrorist financing. But the numerous paperwork requirements imposed on them have led to excessive cost, duplication, and outright waste. Superfluous paperwork requirements actually make it harder for the law enforcement community to focus on real threats. "These burdens are something that I raised… Read more »
HOUSE FINANCIAL SERVICES COMMITTEE "U.S. INTERESTS IN REFORM OF CHINA'S FINANCIAL SERVICES SECTOR" WEDNESDAY, JUNE 6, 2006 Mr. Chairman, this is as important a hearing as we have had in this Committee this year, and I commend you for scheduling it. When it comes to the issue of U.S. access to China's financial services sector, the stakes could not be higher - for… Read more »
Today, Congressman Spencer Bachus (R-AL) the Ranking Member of the House Financial Services Committee, Congressman Paul Gillmor (R-OH) the Ranking Member of the Subcommittee on Financial Institutions and Congresswoman Judy Biggert (R-IL) the Ranking Member of the Subcommittee on Housing, sent the following letter to the banking regulators involved in providing guidance on subprime… Read more »
