Press Releases

The Subcommittee on Housing, Insurance and Community Opportunity will hold a hearing this week to examine the Obama Administration’s response to the housing crisis, including new proposals announced by the President during his recent speech to a joint session of Congress. The Administration created a number of programs designed to help borrowers avoid foreclosure or refinance… Read more »

The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will hold a hearing on auditing the Federal Reserve and the need for transparency at the central bank. The Subcommittee will receive testimony from the Government Accountability Office (GAO) on its procedural audit and report, issued in July, of the Federal Reserve’s emergency lending facilities. The… Read more »

The Financial Services Committee released an updated schedule of hearings and mark ups for the first half of October. The Committee schedule is tentative and will depend upon witness availability and other factors that may require changes.  Therefore, each meeting will become final only when the official notice is distributed.  Hearing witnesses will be announced at later… Read more »

Financial Services Committee Chairman Spencer Bachus today issued the following statement about the Capital Markets and Government Sponsored Enterprises Subcommittee’s hearing on small business capital formation and job creation: "Today’s hearing continues the Committee’s ongoing efforts to promote policies that restore growth to our economy, support capital formation, and create… Read more »

Financial Services Committee Chairman Spencer Bachus made the following comment on Tuesday about the Justice Department accusing Full Tilt Poker, an Internet gambling company, of being an illegal Ponzi scheme: “For years I have said these off-shore Internet gambling sites are criminal enterprises.  If these operations are willing to break one law, it should surprise no one that they… Read more »

Leading Congressional investigators on the House Oversight and Government Reform and House Financial Services Committees today released the following statements on the decision of the Securities and Exchange Commission (SEC) Inspector General to refer the matter of the ethics failure and conflict of interest involving former General Counsel David Becker to the Department of… Read more »

Two congressional subcommittees will hold a joint hearing on Thursday to examine how the Securities and Exchange Commission (SEC) handled potential conflicts of interest involving David Becker, a former SEC general counsel who financially benefited from the Madoff Ponzi scheme. The joint hearing will be held by the Financial Services Committee’s Oversight and Investigations… Read more »

Five bills that would make it easier for small companies to raise money and create jobs will be on the agenda Wednesday during a hearing of the Capital Markets and Government Sponsored Enterprises Subcommittee. Raising capital is necessary for companies to create jobs, and the Financial Services Committee has focused its attention on promoting capital formation since the beginning of the… Read more »

The Financial Services Committee today released an updated schedule of the hearings it has planned through mid-October. All hearings will take place in Room 2128 of the Rayburn House Office Building. Wednesday, September 21: The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing at 10 a.m. to discuss proposals to promote small business capital… Read more »

Financial Services Committee Chairman Spencer Bachus on Tuesday announced the committee’s schedule of hearings for the week of September 19.  All hearings will take place in room 2128 of the Rayburn House Office Building. Wednesday, September 21: The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing at 10 a.m. on promoting small business… Read more »