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Oversight Subcommittee to Review Dodd-Frank’s Impact on Families and Communities
Jul 17, 2012
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A subcommittee hearing on Thursday will examine how the consequences of the Dodd-Frank Act are felt far from Wall Street at a hearing to examine the law’s impact on families, communities and small businesses. Rep. Randy Neugebauer, chairman of the Financial Services Subcommittee on Oversight and Inv...
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Think The Dodd-Frank Act’s Impact Is Felt Only On Wall Street?
Jul 10, 2012
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Financial Services Committee launches online survey to demonstrate how Dodd-Frank impacts our daily lives Supporters of the Dodd-Frank Act promoted it to the American people as “Wall Street reform.” But in reality, the true impact of this mammoth 2,300-page law is felt far from Wall Street. With the...
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Chairman Bachus Discusses Impact of Dodd-Frank On Economy
Jul 10, 2012
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Financial Services Committee Chairman Spencer Bachus made the following statement during a Subcommittee hearing on the impact of the Dodd-Frank Act on jobs, the economy, and consumers. "Dodd-Frank was enacted in response to the financial crisis of 2008. The law was not intended to hinder the ability...
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House Approves Bill to Stop Frivolous ATM Lawsuits
Jul 9, 2012
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The House today voted overwhelmingly to approve bipartisan legislation eliminating a regulatory provision that has become the source of frivolous lawsuits aimed at operators of automated teller machines (ATMs). A regulation issued under current law requires a sign notifying consumers about transacti...
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Chairman Bachus Comments on June Jobs Report
Jul 6, 2012
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Financial Services Committee Chairman Spencer Bachus made the following comments about the June jobs report that was released on Friday morning: “This latest lackluster report is further proof that the Administration’s policies have failed. The blizzard of red tape emanating from Washington packs a ...
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Hearing to Examine Dodd-Frank Act’s Effects on Job Creators, Consumers and Investors
Jul 6, 2012
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A Financial Services Subcommittee hearing on Tuesday, July 10 will focus on how the Dodd-Frank Act’s rules and red tape make it harder for American companies to raise capital, hedge risks and obtain credit – activities that are necessary for businesses to grow and hire workers. The hearing before th...
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1,362 Miles from Wall Street…But Still Not Far Enough to Escape “Strangling” Red Tape of Dodd-Frank
Jul 3, 2012
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With this month marking the second anniversary of passage of the Dodd-Frank Act, the Financial Services Committee is focusing attention throughout July on the burdens this law’s 2,300 pages and more than 400 new rules layer on American companies, financial markets and consumers. Supporters of Dodd-F...
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House Gives Final Approval to Bill Extending, Reforming Nation’s Flood Insurance Program
Jun 29, 2012
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The House on Friday passed bipartisan legislation that includes a five-year extension of the National Flood Insurance Program and reforms that are expected to save taxpayers more than $2 billion over 10 years. Among the reforms are those that eliminate subsidized flood insurance rates for vacation a...
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Financial Services Committee Marks 2nd Anniversary of Dodd-Frank Act with Hearings Focused on Law’s Consequences for Jobs, Economy
Jun 28, 2012
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As the second anniversary of the signing of the 2,300-page Dodd-Frank Act arrives in July, the Financial Services Committee will hold hearings throughout the month examining the impact the law is having on the economy, jobs, housing and credit. “When President Obama signed Dodd-Frank into law, he pr...
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Committee Approves Bill Aimed at Ending Frivolous ATM Lawsuits
Jun 27, 2012
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Bipartisan legislation that eliminates a redundant fee disclosure requirement on automated teller machines (ATMs) was approved on Wednesday by the House Financial Services Committee. The current law, which requires a sticker or sign about transaction fees to be attached to the ATM in addition to an ...
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