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 Washington, the newspaper writes, that would cut red tape for small businesses and emerging… Read more »
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 readers of the Washington Post learned over the weekend in a story about a Maryland… Read more »
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 Wall Street, it’s become the latest example of how the Dodd-Frank Act and its… Read more »
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 titled “Too Big Not to Fail” that appears in the magazine’s Feb. 18 edition and is part of… Read more »
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… Read more »
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 of the Currency (OCC), the Federal Reserve Board, and the National Credit Union… Read more »
By Paul Sperry, for Investor’s Business Daily
http://news.investors.com/ArticlePrint.aspx?id=593669
Job-killing bank regulations threaten to wipe out all the gains in private-sector employment since the recovery began, the industry warns. Washington, however, is hiring thousands more bureaucrats to enforce the rules.
… Read more »
The Committee on Financial Services held a field hearing on “Regulatory Reform: Examining How New Regulations are Impacting Financial Institutions, Small Businesses and Consumers in Illinois” earlier today.
At this hearing, representatives from community financial institutions and small businesses explained how new financial regulations are affecting the ability of financial… Read more »
With 14 million Americans out of work and the Obama Administration issuing regulations at a rate of one new rule every 2 hours and 20 minutes, it’s a question that must be asked.
For the Obama Administration, the answer to the question is a resounding “No!” Dr. Jan Eberly, Assistant Secretary for Economic Policy at the Treasury Department, writes in a blog post that the massive… Read more »
