House Financial Services Committee Ranking Member Spencer Bachus (R-6th, AL) announced that Rep. Kevin McCarthy (R-22nd., CA) has been appointed to serve as the newest Republican member of the House Financial Services Committee. Rep. McCarthy will serve on the Financial Institutions and Consumer Credit, Housing and Community Opportunity, and Oversight and Investigations subcommittees. … Read more »
"Let me congratulate NASDAQ and Borse Dubai on their announced plans to create a global financial marketplace with operations in the U.S., Europe and the Middle East. This is a win-win for both exchanges. NASDAQ's brand is respected world-wide, and Borse Dubai's investment in NASDAQ is exactly the kind of foreign investment we should foster and encourage." Read more »
Bachus proposal draws favorable reaction During a hearing into the nation’s subprime lending situation, Treasury Secretary Paulson described as “a constructive step” a proposal made by Ranking Member Bachus to require “uniform standards” for mortgage originators. This proposal is a major component of legislation offered by Rep. Bachus to protect… Read more »
Representative Spencer Bachus (R-6th, Alabama), Ranking Member of the House Financial Services Committee, today announced the following changes among subcommittee ranking members: • Rep. Judy Biggert (R- 13th, IL) will serve as Ranking Member of the Subcommittee on Financial Institutions and Consumer Credit, filling the vacancy created by the untimely death of Rep. Paul Gillmor. … Read more »
“Paul's friends and colleagues on the Hill are all deeply saddened at the news of his sudden death. He was a gentleman and friend as well as a capable legislator on behalf of the people of Ohio. “As a small town banker, Paul was an effective advocate for mainstream financial institutions and the customers they serve. His service to the Committee and our country will be… Read more »
Congressman Spencer Bachus today commended the action of the House Financial Services Committee in adopting H.R. 180, the Darfur Accountability and Divestment Act of 2007. The legislation is designed to intensify economic pressure on the government of Sudan, which is conducting what the U.S. government has officially classified as genocide in the Darfur region. Bachus… Read more »
"Let me thank Chairman Cox for his decision to take down the Securities and Exchange Commission's terrorism-information webpage while it is being retooled. Chairman Cox's decision responds to concerns I raised in a letter to the Commission earlier this week. "Retooling this website - which previously provided access to incomplete and extraneous information - will… Read more »
House Financial Services Ranking Member Spencer Bachus (AL) sent the following letter to Securities and Exchange Commission Chairman Christopher Cox. July 10, 2007 The Honorable Christopher Cox Chairman Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Dear Chairman Cox: I am writing to urge the Securities and Exchange… Read more »
House Financial Services Committee Ranking Member Spencer Bachus (AL) sent a letter to Securities and Exchange Commission Chairman Christopher Cox regarding the Commission's terrorism-information webpage. Full text of the letter follows: July 17, 2007 The Honorable Christopher Cox Chairman U.S. Securities and Exchange Commission 100 F Street, NE Washington,… Read more »
BACHUS-GILLMOR-PRYCE INTRODUCE SUBPRIME Lending REFORM LEGISLATION Bill to curb unscrupulous lending practices, increase protections on homebuyers Today House Financial Services Committee Ranking Member Spencer Bachus, joined by original cosponsors Reps. Paul Gillmor and Deborah Pryce, introduced legislation to better protect homebuyers… Read more »
