Member Corner

The bipartisan JOBS Act, which originated in the Financial Services Committee and was passed by Congress earlier this year, is working to boost the economy.  A report in the Charlotte Observer notes that provisions of the act are helping community banks to trim regulatory costs and save money – money that can be pumped back into local economies, start small businesses and create… Read more »

  Some Washington politicians and supposed media “fact checkers” have been falling over themselves the last few days busily defending the Dodd-Frank Act.  But rather than rely on what the politicians and Beltway pundits think, Republicans on the House Financial Services Committee actually did something quite remarkable by Washington standards:  we asked small town… Read more »

By Rep. Blaine Luetkemeyer I was more than a little annoyed recently during a committee hearing with a government official who seemed intent on defending an agency created by the troubling Dodd-Frank Act that is more interested in navel gazing than helping our nation’s small businesses. During the hearing, a leading deputy at the Consumer Financial Protection Bureau (CFBP), created… Read more »

By Rep. Robert Hurt At a time when uncertainty from Washington has led us to nearly three-and-a-half years of more than 8 percent unemployment nationally, folks in Washington, D.C., are still calling for higher taxes and a bigger federal government that will only lead to more uncertainty. Just this past week, I traveled along Route 40, stopping in Kenbridge, Victoria, Keysville,… Read more »

One of the most significant accomplishments of the Financial Services Committee during the 112th Congress is passage of the JOBS Act.  The Jumpstart Our Business Startups Act (JOBS Act) removes government barriers to job creation and economic activity. The JOBS Act, comprised of six bills that originated in and were originally approved by the Committee, is designed to help startups… Read more »

Rep. Barney Frank, Ranking Member of the Financial Services Committee, on Thursday responded to criticism that regulators have completed “less than half” of the 400 new regulations in the Dodd-Frank Act by blaming House Republicans for cutting the budgets of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). “It is true that when the… Read more »

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 of the Dodd-Frank Act, Senator Kaufman used a guest column in The Hill to level… Read more »

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-Frank sold it to the public as “tough Wall Street reform,” but in reality its red tape… Read more »

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 the Committee’s plan announced in January 2011 to help small companies gain… Read more »

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 Startups) Act originated in the Financial Services Committee and is the culmination of an… Read more »