Press Releases

Search By:
  • Bachus Calls for Hearings on Lehman Brothers Bankruptcy Report
    Mar 17, 2010 - - House Financial Services Committee Ranking Member Spencer Bachus today sent a letter to Chairman Barney Frank requesting a hearing on revelations reported by the Lehman Brothers' court appointed bankruptcy examiner and the failure of government regulators to act on evidence of accounting gimmicks... More
  • Bachus: Senate Regulatory Reform Proposal Yet Another Missed Opportunity for Real Reform
    Mar 15, 2010 - - House Financial Services Committee Ranking Member Spencer Bachus today said the financial regulatory reform legislation introduced by Senate Banking Committee Chairman Chris Dodd is yet another missed opportunity to restore market discipline and end the "too big to fail" philosophy that rewards f... More
  • Bachus Urges Senate To Address Fannie, Freddie Failures In Financial Regulatory Reform Legislation
    Mar 11, 2010 - - Financial Services Committee Ranking Member Spencer Bachus today called on the Senate to address the future of the Government Sponsored Enterprises (GSEs) as Senate Banking Committee Chairman Chris Dodd announced the failure to reach agreement on a bi-partisan financial regulatory restructuring b... More
  • Bachus: Uniform Regulation Of Money Services Businesses Needed To Protect Consumers And The Financial System
    Mar 10, 2010 - - Financial Services Committee Ranking Member Spencer Bachus made the following statement during a Financial Institutions Subcommittee hearing entitled, "Money Services Business Regulation" "Thank you, Mr. Chairman for holding this important hearing about an issue that is long overdue for a fair an... More
  • Bachus: More Oversight of CDFI Program Needed
    Mar 9, 2010 - - Financial Services Committee Ranking Member Spencer Bachus made the following statement during a Full Committee hearing entitled, "Community Development Financial Institutions (CDFIs): Their Unique Role and Challenges Serving Lower-Income, Underserved and Minority Communities." "Thank you, Mr. Ch... More
  • Financial Services Committee Republicans Release Views On FY 2011 Budget
    Mar 5, 2010 - -Financial Services Committee Ranking Member Spencer Bachus released the Committee Republicans views on FY 2011 budget. Click here to view a copy. More
  • Bachus: Get Our Fiscal House In Order
    Mar 3, 2010 - - Financial Services Committee Ranking Member Spencer Bachus made the following statement on the Republican alternative at today's Full Committee Markup on "Budget Views and Estimates for 2011." Mr. Chairman, this is a substitute amendment that offers a Republican vision of what should be our Commi... More
  • Bachus: End Government Micromanagement Of Private Business
    Feb 25, 2010 - -Financial Services Committee Ranking Member Spencer Bachus made the following statement during a Full Committee hearing on compensation in the financial industry: "We are the largest and strongest economy in the world. We didn't get there by having government run businesses. The traditional view, ... More
  • Bernanke Warns Of Unsustainable Debt Path
    Feb 24, 2010 - -In response to questions from Financial Services Committee Ranking Member Spencer Bachus on whether federal deficit levels are unsustainable, Federal Reserve Chairman Ben Bernanke said that "given the numbers that the CBO or the OMB have projected, that's right." Federal Reserve Chairman Bernanke ... More
  • Bachus: America Cannot Afford A Sequel To The Democrat's Stimulus Bill
    Feb 23, 2010 - -Financial Services Committee Ranking Member Spencer Bachus made the following statement today during a Full Committee hearing entitled, "Prospects for Employment Growth: Is Additional Stimulus Needed?" "We all want the same thing, Mr. Chairman. We all want every American who wants a job to have a ... More