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Committee to Review Reforms to Improve and Enhance the SEC
Sep 14, 2011
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The Financial Services Committee will hold a hearing on Thursday to examine reforms needed to improve accountability and the effectiveness of the Securities and Exchange Commission. While the agency experienced a tripling of its budget from 2000 to 2010, shortcomings and failures of the SEC came to ...
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Chairman Bachus Statement On Ensuring Appropriate Oversight Of Broker-Dealers and Investment Advisers
Sep 13, 2011
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Financial Services Committee Chairman Spencer Bachus made the following statement today during a Subcommittee hearing entitled “Ensuring Appropriate Regulatory Oversight of Broker-Dealers and Legislative Proposals to Improve Investment Adviser Oversight." "Thank you, Chairman Garrett, for convening ...
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Committee Continues Focus On Cyber Crime Threat To Consumers and Financial Sector
Sep 13, 2011
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WASHINGTON -The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will hold a hearing on Wednesday to examine the cyber security threat to the nation’s financial sector. During the hearing, the Subcommittee will examine the threats hackers pose to financi...
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Subcommittee to Review Broker-Dealer Standard of Care and Reforms to Improve Investment Adviser Oversight
Sep 12, 2011
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The Capital Markets and Government Sponsored Enterprises Subcommittee, chaired by Rep. Scott Garrett, will convene for a hearing to evaluate the need for a new standard of care for broker-dealers and a legislative proposal aimed at improving the oversight of investment advisers. Section 913 of the D...
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Committee Republicans Request Facts on Dodd-Frank’s Job-Threatening Regulations
Sep 8, 2011
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Republicans on the Financial Services Committee, concerned that the increasing regulatory burden is hurting job creation, are questioning Treasury Secretary Timothy Geithner on whether the Administration is living up to a promise it would “streamline and simplify” regulations when implementing the D...
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New York Field Hearing Will Focus On Building A Robust Private Mortgage Market Without Taxpayer Guarantees
Sep 1, 2011
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The Financial Services Committee’s ongoing efforts to build a stronger housing finance system free of taxpayer guarantees will bring several of its members to New York City next week for a subcommittee field hearing. The Capital Markets and Government Sponsored Enterprises Subcommittee, which is spe...
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Subcommittee Meets in NYC to Evaluate U.S. Efforts Against Terrorist Financing
Aug 31, 2011
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The Financial Services Oversight and Investigations Subcommittee will meet in New York City on September 6 to evaluate the federal government’s efforts to track down and stop the financing of terrorists. As part of the government’s response to the September 11, 2001 terror attacks, Congress created ...
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Financial Services Committee Faces Busy Agenda in September
Aug 26, 2011
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WASHINGTON - The Financial Services Committee is facing a busy first half of September with 11 hearings over the course of seven days on topics ranging from terrorist financing to reform of the Securities and Exchange Commission. On Friday, Chairman Spencer Bachus announced the committee’s tentative...
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Subcommittee Traveling to Georgia to Review Impact of Bank Examination Practices
Aug 9, 2011
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The Financial Institutions and Consumer Credit Subcommittee will meet in Newnan, Georgia next week to ask community bankers and regulators if overly stringent federal bank examination standards are impeding an economic recovery. Complaints from small business owners and bankers that regulatory stand...
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Financial Services Committee Chairman Bachus Proposing “SEC Modernization Act”
Aug 2, 2011
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Financial Services Committee Chairman Spencer Bachus is drafting legislation to restructure the Securities and Exchange Commission and implement reforms recommended by the SEC’s Inspector General, the Government Accountability Office and a consultant’s report mandated by the Dodd-Frank Act. Chairman...
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