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Chairman Bachus Discusses Entitlement Reform And Federal Reserve's Dual Mandate At Committee Hearing Today
Feb 29, 2012
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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 d...
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Legislative Package Combines Financial Services Committee Bills into JOBS Act
Feb 28, 2012
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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. ...
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Committee Advances Bills To Promote Jobs, Spur Creation Of New Businesses
Feb 16, 2012
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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 wit...
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Committee to Examine CFPB’s Spending
Feb 14, 2012
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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 appropriation...
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Committee To Vote On Bills Spurring Job Creation, Economic Activity
Feb 13, 2012
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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...
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Financial Services Committee Announces Schedule
Feb 8, 2012
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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: ...
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Financial Services Committee to Receive Monetary Policy Report From Federal Reserve Chairman Bernanke
Feb 7, 2012
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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 Commit...
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Subcommittee Approves Bills Improving Fiscal Health of FHA, Affordable Housing Programs
Feb 7, 2012
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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 ...
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Subcommittee to Examine CFPB Oversight and Accountability Bills
Feb 6, 2012
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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 Credi...
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Bachus Praises Senate Action to End Lavish Pay, Bonuses of Bailed Out Fannie Mae and Freddie Mac Executives
Feb 2, 2012
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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...
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