Press Releases

The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will hold a hearing on Tuesday to examine the Federal Reserve’s assistance to the Eurozone and the impact that assistance has on the U.S. monetary system and the dollar. New York Federal Reserve President and CEO William Dudley and Steven B. Kamin, the Federal Reserve’s director of international… Read more »

As part of its ongoing investigation into the collapse of MF Global and missing customer funds, the Financial Services Subcommittee on Oversight and Investigations voted today to subpoena Edith O’Brien, the assistant treasurer at the time the company declared bankruptcy. O’Brien is directed to testify before the Subcommittee on Wednesday, March 28 at 2 p.m. during a hearing to examine… Read more »

Cell phone-based retail payments, the metallic content of circulating coins and other issues involved with value transfers in retail settings will be featured in a series of hearings that begin this week in the Financial Services Committee. Dubbed “The Future of Money,” the series starts Thursday at 10 a.m. in the Financial Institutions and Consumer Credit Subcommittee with a hearing… Read more »

Senate Democrats “acting like Lucy snatching the football away at the last possible moment, and it is entrepreneurs and job-creators who are made to play Charlie Brown,”says Chairman Bachus. Financial Services Committee Chairman Spencer Bachus outlined the strong investor protections that are included in the bipartisan JOBS Act and called on Senate Democrats to put jobs ahead of their… Read more »

Financial Services Committee Chairman Spencer Bachus announced today the Committee’s schedule for the second half of March. Witnesses for each hearing will be announced at later dates.  All hearings will take place in the Committee’s main hearing room, 2128 Rayburn. Tuesday, March 20: The Full Committee will receive the annual report on the state of the international… Read more »

Financial Services Committee Chairman Spencer Bachus announced today that Treasury Secretary Timothy Geithner will appear before the Committee on Tuesday to discuss the state of the international financial system. By law, the Treasury Secretary is required to appear before the Committee each year to report on major issues affecting U.S. participation in international financial… Read more »

Financial Services Committee Chairman Spencer Bachus, who has championed congressional action to reduce executive pay and eliminate bonuses for top executives of Fannie Mae and Freddie Mac, on Friday reacted to FHFA’s new executive compensation program. “This is a long overdue change and a step in the right direction, and it follows committee passage of a bipartisan bill I’ve sponsored… Read more »

The Subcommittee on Financial Institutions and Consumer Credit will hold field hearings in Texas and Nevada next week. In Texas, the Subcommittee will hear from financial institutions about the impact new financial regulations are having on their ability to extend credit and stimulate job growth.  The Dodd-Frank Act, passed by Congress in 2010, requires regulators to issue 400 new… Read more »

A bipartisan bill designed to jumpstart the economy and job creation won overwhelming approval by the House of Representatives today. The Jumpstart Our Business Startups Act, or JOBS Act, will make it easier for small companies and entrepreneurs to access capital and investors and go public, which will help grow their businesses, promote stronger economic growth and create jobs. … Read more »

Financial Services Committee Chairman Spencer Bachus on Wednesday spoke on the floor of the House in support of the JOBS Act. The Jumpstart Our Business Startups (JOBS) Act is comprised of six bipartisan bills that originated in the Financial Services Committee.  Chairman Bachus guided all six bills to passage by the Committee. The Chairman’s statement on the floor appears… Read more »