Press Releases

Two bills creating new sources of capital for small businesses to grow and create jobs garnered overwhelming, bipartisan support in the House of Representatives today.  Yesterday, the House approved two other bills spearheaded by the Financial Services Committee that eliminated government barriers to capital formation and job creation. All four capital formation bills considered… Read more »

The House of Representatives approved two bills today to modernize outdated regulations by the Securities and Exchange Commission (SEC) and make it easier for small businesses to access capital so they can invest and hire. Access to capital is essential for entrepreneurs and small companies to grow their businesses and hire workers. Both bills passed the House with strong bipartisan… Read more »

The Financial Services Committee approved four bills today that remove regulatory obstacles to capital formation so small businesses can grow and create jobs. The bills, approved with bipartisan support, change and update Securities and Exchange Commission (SEC) regulations to promote, rather than hinder, small business access to equity financing. As a result of the economic crisis… Read more »

The Financial Services Committee will vote on a package of bills next week that will reduce Securities and Exchange Commission (SEC) regulatory barriers to small business growth and job creation. All five bills the Committee will mark up on Wednesday represent an opportunity for Republicans and Democrats to find “common ground” on ways to create jobs, said Chairman Spencer… Read more »

The Financial Services Committee today released its planned schedule for the week of October 24. Witnesses for each hearing will be announced at later dates. All hearings will take place in room 2128 Rayburn. Tuesday, October 25: The International Monetary Policy and Trade Subcommittee will hold a hearing on the Eurozone crisis and implications for the United States at 10… Read more »

Republicans on the Financial Services Committee are urging the deficit reduction “supercommittee” to consider not only ways to cut spending but also ideas that will jumpstart the economy. In a letter signed by GOP members on the Financial Services Committee, the Republicans lay out detailed recommendations to reduce expenditures in programs under the Committee’s jurisdiction.  They… Read more »

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 »