Review of “Regulation Z” has been underway since 2004 House Financial Services Ranking Member Spencer Bachus has urged the Board of Governors of the Federal Reserve to complete its first review of credit card disclosure requirements in over two decades. In correspondence to Federal Reserve Chairman Ben Bernanke, Bachus and Rep. Paul Gillmor (R-OH) – ranking… Read more »
Panel accepts Bachus proposal to exercise Committee oversight During its first full markup of the 110th Congress, the House Financial Services Committee accepted an amended version of a proposal offered by Ranking Member Spencer Bachus (R-6th., Alabama) to extend the panel’s oversight activities to include major data… Read more »
“Let me take a moment to congratulate departing Federal Reserve Governor Susan Bies for a job well done. Since assuming her Fed duties in December 2001, she has performed them with tremendous skill and energy. Through my personal dealings with her, I have always been impressed by her professionalism and keen intellect. As a former senior executive at First Tennessee in… Read more »
“President Bush’s plan to balance the federal budget by 2012 without raising taxes represents a strong and necessary step forward for our nation’s financial services industry. At a time when America is facing energetic competition from growing financial markets in Europe and Asia, balancing the budget will help boost confidence in the long-term health of… Read more »
Expresses concern the proposal amounts to “a tax on lower and middle class homeowners” In correspondence to House Financial Services Chairman Barney Frank (D-Massachusetts), Ranking Member Spencer Bachus stated his opposition to a proposal to use the after-tax income of Government Sponsored Enterprises (GSEs) to create an “affordable housing fund.” … Read more »
“This past weekend, member firms of NASD overwhelmingly endorsed a plan to combine NASD and NYSE member regulation into a single, self-regulatory organization. “This is good news for three reasons. First, it strengthens America’s competitiveness in the global marketplace. Second, it replaces an inefficient and moribund regulatory structure with one better suited to… Read more »
Congressman Spencer Bachus (R-6th, Alabama), Ranking Member of the House Financial Services Committee, has announced the Republican staff members of the House Financial Services Committee. “Our staff reflects a great mix of governmental experience, private sector accomplishment, and educational excellence,” stated Ranking Member Bachus. “The members of this team… Read more »
Congressman Spencer Bachus (R-6th, Alabama), Ranking Member of the House Financial Services Committee, today announced the Republican members for each of the Committee’s five subcommittees for the 110th Congress. Additionally, today Rep. Bachus announced that he has appointed Rep. Randy Neugebauer (TX) as the Deputy Ranking Member for the Financial Services Committee. … Read more »
Congressman Spencer Bachus (R-6th, Alabama), Ranking Member of the House Financial Services Committee, today announced the Republican members for the Financial Services Committee for the 110th Congress. In order of seniority, the members include: Rep. Spencer Bachus (AL) – Ranking Member Rep. Richard H. Baker (LA) Rep. Deborah Pryce (OH) Rep. Michael N. Castle (DE) Rep. Peter… Read more »
Congressman Spencer Bachus (R-6th, Alabama), Ranking Member of the House Financial Services Committee, today announced that the following members have been appointed to serve as ranking members of the committee's subcommittees. The appointments include: Rep. Paul Gillmor (R-5th, OH): Subcommittee on Financial Institutions and Consumer Credit. Rep. Deborah Pryce (R- 15th, OH):… Read more »
