July 19, 2010 - Financial Services Committee Ranking Member Spencer Bachus released the following statement on the report issued today by the Treasury Department's Special Inspector General for the Troubled Asset Relief Program (SIGTARP) showing unnecessary job losses due to President Obama's auto bailout policies. The report was released as the President called for… Read more »
- Financial Services Committee Ranking Member Spencer Bachus made the following statement today regarding Senate passage of the Dodd-Frank financial regulation conference report, which sends the massive, far reaching 2,300-page financial regulation bill to the President's desk.
"Instead of enacting real reform to modernize our financial regulatory structure and protect taxpayers, the… Read more »
"Democrat protestations to the contrary not-with-standing, their refusal to correct this language was the strongest message they could send to regulators. The Majority apparently intended for regulators to impose these provisions on end-users. Otherwise, they would have made these changes when they had the chance."
July 2, 2010
- House Republican Conferees, led by Financial… Read more »
Recap: Click here to view Kanjorski on CNBC Saying Fannie/Freddie Reform "Too Complicated" 5/11/2010 After Chairman Barney Frank refused to let Republicans even offer GSE amendments to the Democrats' financial regulation bill, Rep. Paul Kanjorski - the Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored… Read more »
June 30, 2010 - Financial Services Committee Ranking Member Spencer Bachus today said that House Republicans will offer a Motion to Recommit to H.R. 4173, the Democrats' financial regulation bill, to ensure a robust and comprehensive audit of the Federal Reserve and to address a small but significant job-killing measure. "Several items in the conference… Read more »
- Financial Services Committee Ranking Member Spencer Bachus today delivered the following remarks on the House floor in opposition to the Dodd-Frank conference report on financial regulation reform that perpetuates bailouts and "too big to fail" policies. "Today I'd like to address the good, the bad, and the ugly in this bill. "The good - there is… Read more »
"As I said earlier, those who voted today to bail out the big Wall Street firms, or loan them money when they get in trouble, shouldn't expect the voters to bail them out come November." June 30, 2010 - Financial Services Committee Ranking Member Spencer Bachus today released the following statement as House Democrats voted to perpetuate the bailouts and reject the… Read more »
- Financial Services Committee Ranking Member Spencer Bachus today released the following statement as Democrats passed an amendment to the Dodd-Frank conference report that would replace a $20 billion "lending tax" with a new accounting gimmick allocating accounted for TARP funds and increasing the FDIC reserve ratio to pay for new government programs. … Read more »
"We've come to the core issue of this conference, and that is - who pays? If we're going to bail out someone, does Wall Street pay? Or do the American people pay? That's the question." June 24, 2010 - Financial Services Committee Ranking Member Spencer Bachus today made the following statement during the so-called "Wall Street Reform"… Read more »
- Financial Services Committee Ranking Member Spencer Bachus today said Chairman Barney Frank's outright ban on consideration of amendments to reform Fannie Mae and Freddie Mac is an abandonment of congressional responsibility and the direct result of Democrats controlling the conference negotiations to protect their taxpayer-funded bailouts.
"Without the ability to even debate how to… Read more »
