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  • Sen. Kaufman: From “Aye” on Dodd-Frank to “Will Not Protect Us” in Just 2 Years
    Jul 24, 2012 - Sen. Kaufman: From “Aye” on Dodd-Frank to “Will Not Protect Us” in Just 2 Years For someone who voted for the Dodd-Frank Act, former Senator Ted Kaufman (D-Del.) sure doesn’t have many nice things to say about the massive 2,300-page law. Marking the two-year anniversary of President Obama’s signing ... More
  • 1,362 Miles from Wall Street…But Still Not Far Enough to Escape “Strangling” Red Tape of Dodd-Frank
    Jul 6, 2012 - With this month marking the second anniversary of passage of the Dodd-Frank Act, the Financial Services Committee is focusing attention throughout July on the burdens this law’s 2,300 pages and more than 400 new rules layer on American companies, financial markets and consumers. Supporters of Dodd-F... More
  • Regulation A Reform in JOBS Act a “Game Changer” for Small Business
    Jun 27, 2012 - The JOBS Act, passed by Congress and signed by the President earlier this year, reduces government barriers to entrepreneurship, innovation and capital formation. It combines six separate proposals that originated in the Financial Services Committee into one bill. These six proposals were part of th... More
  • JOBS Act Delivers Needed Red Tape Relief to Small Banks
    Apr 30, 2012 - The bipartisan JOBS Act arrives just in time to help small, community banks as they are “struggling to stay profitable in a period of low interest rates, stagnant lending and rising compliance costs from other new regulations,” the Wall Street Journal reports. The JOBS (Jumpstart Our Business Startu... More
  • The Chicago Tribune: An American Growth Bill
    Mar 21, 2012 - Not to be missed is Wednesday’s Chicago Tribune editorial on the JOBS Act, a package of six bills from the Financial Services Committee that will promote innovation, economic growth and jobs. The JOBS Act – short for Jumpstart Our Business Startups – is a “rare example of bipartisanship” in today’s ... More
  • Washington Post: ‘Million-Dollar Mortgage Goes Unpaid for Years While Couple Fights Foreclosure’
    Mar 6, 2012 - What happens when you don’t pay your mortgage? Apparently, nothing for a long time due, in part, to government programs and policies that can drag out the foreclosure process for years. The result is a growing backlog of foreclosures and a weak-to-nonexistent recovery in home prices. That’s what rea... More
  • Harmful Reach of Volcker Rule Extends Far Beyond Wall Street
    Mar 1, 2012 - An electric utility in Texas. A housing authority in Connecticut. A water treatment project on the banks of the Potomac River. What do all three have in common? They all could be harmed by the Volcker Rule. While the Volcker Rule is touted as a central part of Washington’s effort to get “tough” on W... More
  • The Economist: Dodd-Frank’s “Failures,” “Flaws” And “Muddle” Hurt Economy
    Feb 22, 2012 - The 2,300-page Dodd-Frank Act is a disastrous piece of legislation that is burdening the economy, increasing the size and scope of the Federal bureaucracy, and making the American financial system less transparent and less functional. That is the conclusion of an in-depth article in The Economist ti... More
  • Hensarling: Dodd-Frank a confidence killer
    Feb 13, 2012 - By: Rep. Jeb Hensarling Politico February 12, 2012 09:11 PM EST As President Barack Obama continues his campaign for a second term, Americans must keep in mind that his major policy visions have already been legislated into reality — and reality has regrettably not lived up to his promises. One of ... More
  • Rep. Westmoreland: Washington Regulators Need to Wake Up and Smell the Inconsistencies
    Feb 3, 2012 - By Rep. Lynn Westmoreland On Wednesday, the House Financial Services Committee held a hearing on H.R. 3461, a bill to improve the examination of depository institutions, and featured testimony from representatives from the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller o... More