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  • Subcommittee To Conduct Oversight of SEC’s Rulemaking And Priorities
    Apr 24, 2012 - The Capital Markets and Government Sponsored Enterprises Subcommittee will review the Securities and Exchange Commission’s (SEC) activities, initiatives and Fiscal Year 2013 budget request during an oversight hearing this Wednesday. SEC Chairman Mary Schapiro will be the only witness at the hearing,... More
  • Financial Services Committee Votes to Cut Deficit by $35 Billion
    Apr 18, 2012 - The Financial Services Committee today approved legislation that cuts the deficit by more than $35 billion. The Committee was instructed by the House last month to approve budget savings of $29.8 billion over the next 10 years in programs and agencies under its jurisdiction. The Committee went above... More
  • Financial Services Committee Unveils “Dodd-Frank Burden Tracker”
    Apr 17, 2012 - The Financial Services Committee on Tuesday unveiled the Dodd-Frank Burden Tracker, an online resource to help the public keep track of all the new government rules and red tape required by the Dodd-Frank Act. Dodd-Frank, passed by Congress in 2010, mandates that government regulators write over 400... More
  • Financial Services Committee to Vote on Legislation to Cut Deficit By $35 Billion
    Apr 13, 2012 - The Financial Services Committee will vote on legislation Wednesday that reduces the deficit by $35 billion to help avert what the Obama administration calls “catastrophic” automatic spending cuts to national security. “Our deficits and debt are a threat to both our economic security and our nationa... More
  • Chairman Bachus Statement On Signing Of JOBS Act Into Law
    Apr 5, 2012 - Financial Services Committee Chairman Spencer Bachus made the following statement on the signing of the JOBS Act. The JOBS Act is bipartisan legislation to help small companies and entrepreneurs start up their businesses, access capital and create jobs. “Our number one priority is job creation. With... More
  • Chairman Bachus Delivers Opening Statement At Hearing On CFPB
    Mar 29, 2012 - Financial Services Committee Chairman Spencer Bachus delivered the following statement during a hearing to receive the semiannual report from the Consumer Financial Protection Bureau (CFPB). "The CFPB is an independent federal agency whose authority is unprecedented and far-reaching. Title X of the ... More
  • Bipartisan JOBS Act Passes House 380-41
    Mar 27, 2012 - The House today gave final approval to a bipartisan Financial Services Committee bill that eases the burden of certain regulations in order to boost startup companies and promote the creation of new jobs. The JOBS Act – short for Jumpstart Our Business Startups – now goes to the President for his ex... More
  • Committee Approves Bills to Fix Dodd-Frank Derivatives Title, Strengthen FHA
    Mar 27, 2012 - The Financial Services Committee, chaired by Rep. Spencer Bachus, approved two bills today to fix derivatives provisions of the Dodd-Frank Act. “These bipartisan bills help bring more clarity and transparency to the marketplace, and the result is greater certainty for job creators at a time our econ... More
  • House Approves Bipartisan Bills From the Financial Services Committee
    Mar 26, 2012 - The House on Monday gave its approval to two bipartisan bills that originated in the House Financial Services Committee. The bills will help clarify and alleviate the burdens placed on job-creators by certain Dodd-Frank Act regulations. “Washington continually shackles the private sector with punish... More
  • Subcommittee Investigates MF Global’s Final Days
    Mar 23, 2012 - NOTE: Accredited media planning to attend the hearing should send an email here to reserve a seat. Decisions and events during the final days of MF Global that led to the disappearance of up to $1.6 billion in customer funds will be the focus of a congressional subcommittee hearing on Wednesday. Sin... More