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  • Subcommittee to Examine Parallel Currencies
    Aug 1, 2012 - A Subcommittee hearing on Thursday will examine the emergence of alternative forms of money, or parallel currencies, and the effects they could have on the economy and monetary policy. The Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will also lo... More
  • Chairman Bachus Issues Statement on FHFA Principal Forgiveness Decision
    Jul 31, 2012 - Financial Services Committee Chairman Spencer Bachus on Tuesday made the following comment about a ruling from the Federal Housing Finance Administration (FHFA) against forgiving mortgage principal on Fannie Mae and Freddie Mac mortgages: “The Administration put incredible political pressure on Dire... More
  • Bachus: Regulators So Busy Writing 400+ Dodd-Frank Rules They're Failing to Fulfill Their Primary Mission
    Jul 25, 2012 - Financial Services Committee Chairman Spencer Bachus submitted the following statement for the record at a hearing on the Financial Stability Oversight Council's annual report. Treasury Secretary Timothy Geithner appeared before the Committee to deliver FSOC's report. "When financial reform was deba... More
  • Chairman Bachus: Taxpayers Deserve Exit Strategy From AIG Bailout
    Jul 25, 2012 - Financial Services Committee Chairman Spencer Bachus issued the following statement regarding Wednesday’s report from the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) on AIG’s bailout: “Four years after regulators forced taxpayers to rescue AIG from the brink of failure,... More
  • Sen. Kaufman: From “Aye” on Dodd-Frank to “Will Not Protect Us” in Just 2 Years
    Jul 24, 2012 - The Financial Services Committee has taken note of former Senator Ted Kaufman’s recent tough criticisms of the Dodd-Frank Act. The Committee posted on its blog “The Bottom Line” (found at that Kaufman, who voted for Dodd-Frank, now acknowledges the law does not end “... More
  • House Prepares to Vote on ‘Audit The Fed’ Bill
    Jul 24, 2012 - The House of Representatives is expected to vote tomorrow on a bill introduced by Rep. Ron Paul, Chairman of the Financial Services Subcommittee on Domestic Monetary Policy and Technology, to authorize a full audit of the Federal Reserve System. H.R. 459 removes existing restrictions on the Governme... More
  • Subcommittee to Focus on Benefits, Burdens of Sarbanes-Oxley Act on Eve of 10th Anniversary
    Jul 24, 2012 - A subcommittee will mark the 10th anniversary of passage of the Sarbanes-Oxley Act by holding a hearing on Thursday to examine the law’s benefits and burdens on businesses and evaluate the need for reforms. “As we approach the 10-year anniversary of the Sarbanes-Oxley Act, the Capital Markets Subcom... More
  • Chairman Bachus Comments on Dodd-Frank Act Anniversary
    Jul 20, 2012 - Financial Services Committee Chairman Spencer Bachus released the following statement on Friday to mark the second anniversary of the Dodd-Frank Act becoming law: “When President Obama signed Dodd-Frank into law two years ago, he promised it would provide ‘certainty to everyone from bankers to farme... More
  • Bachus: Economy Hobbled by Debt, Over-regulation From Washington
    Jul 18, 2012 - Financial Services Committee Chairman Spencer Bachus will deliver the following statement at today's committee hearing with Federal Reserve Chairman Ben Bernanke on the state of the U.S. economy: "We’re honored to have Federal Reserve Chairman Ben Bernanke before us today. Thank you, Chairman Bernan... More
  • Committee Announces Schedule of Upcoming Hearings
    Jul 17, 2012 - Financial Services Committee Chairman Spencer Bachus on Tuesday announced the Committee’s schedule of upcoming hearings. The Committee’s schedule remains tentative and will depend upon witness availability and other factors that may require changes. Therefore, each meeting will become final only whe... More