Financial Services Committee Chairman Spencer Bachus today made the following statement during a hearing with Federal Reserve Chairman Ben Bernanke on the state of the economy and monetary policy.
"In my opening statement today, I’m going to avoid making any predictions about future events since I do not have a crystal ball, nor do you, Chairman Bernanke. Instead, I’m going… Read more »
Financial Services Committee Chairman Spencer Bachus today praised the introduction of the JOBS Act, a bipartisan package of bills that have previously been approved by the Committee. The JOBS (Jumpstart Our Business Startups) Act was unveiled during a press conference Tuesday afternoon at the U.S. Capitol.
“Since the start of the 112th Congress, the Financial Services Committee… Read more »
The Financial Services Committee on Thursday approved four bills aimed at bolstering job creation, capital markets and the economy.
“For more than a year now the Committee has led efforts to get Americans back to work by removing government barriers to a recovery. Our jobs agenda continued today with four additional bills that empower job creators to invest, hire and expand,” said… Read more »
A Financial Services subcommittee hearing on Wednesday will mark the first time Congress examines spending by the Consumer Financial Protection Bureau (CFPB).
The CFPB, which was created by the Dodd-Frank Act, is specifically designed to evade congressional oversight. The congressional appropriations process is the most time-tested method for monitoring the effectiveness of… Read more »
The Financial Services Committee will meet on Thursday to consider a package of bills aimed at removing government barriers to job creation and economic growth.
Under Chairman Spencer Bachus’ leadership, the Committee has led efforts to reduce regulatory barriers that hinder small businesses’ access to the capital markets. Since the beginning of 2011, the Committee has approved… Read more »
Financial Services Committee Chairman Spencer Bachus announced the Committee’s schedule for the second half of February.
All hearings and mark ups will take place in the Committee’s main hearing room, 2128 Rayburn. Witnesses for the hearings will be announced at later dates.
Wednesday, February 15:
The Oversight and Investigations Subcommittee will examine the budget of the… Read more »
Chairman Spencer Bachus announced that Federal Reserve Chairman Ben Bernanke will appear before the House Financial Services Committee to deliver the semi-annual monetary policy report to Congress on Wednesday, February 29 at 10 a.m.
The Federal Reserve reports to the House Financial Services Committee and the Senate Banking Committee twice a year on the conduct of monetary policy and… Read more »
The Insurance, Housing and Community Opportunity Subcommittee approved a bill today providing the Federal Housing Administration (FHA) with the tools it needs to shore up the health of the FHA mortgage insurance fund.
The FHA currently insures more than $1 trillion worth of mortgages on more than 7 million loans. An independent auditor’s report released last year found that… Read more »
Members of the Financial Services Committee continue advancing reforms that will bring much-needed accountability and oversight to the Consumer Financial Protection Bureau, a massive new government bureaucracy created by the Dodd-Frank Act.
On Wednesday, the Financial Institutions and Consumer Credit Subcommittee will hold a hearing on three CFPB reform bills. Last year, the… Read more »
An amendment based on legislation first proposed by Financial Services Committee Chairman Spencer Bachus to stop bonuses and limit the pay of Fannie Mae and Freddie Mac executives was approved by the Senate on Thursday. The two failed mortgage companies had to be bailed out by taxpayers back in 2008 and have received more than $170 billion from the taxpayers since.
“The… Read more »
