UPDATE: After releasing details of the PATH Act, the full committee held a hearing entitled “A Legislative Proposal to Protect American Taxpayers and Homeowners by Creating a Sustainable Housing Finance System” on July 17, 2013, bringing the total to 12 hearing and more than 50 witnesses on this subject since January.
We've blogged before about the importance of… Read more »
Leaders on the Financial Services Committee today announced the PATH Act – the Protecting American Taxpayers and Homeowners Act – to create a sustainable housing finance system. Read more »
The bipartisan Jumpstart Our Business Startups (JOBS) Act – passed by Congress a year ago – is working to help startup companies grow and hire, but regulatory barriers to capital remain that hinder a stronger economy, members of the Capital Markets and Government Sponsored Enterprises Subcommittee learned at a hearing today. Read more »
We’ll hold four hearings -- including full committee action on sustainable housing finance reform -- this week in addition to our three (and a half) bills on the House Floor. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists -- for updates throughout the week.
Here’s what’s happening:
We’re told on Tuesday the Rules Committee will meet… Read more »
The Capital Markets and Government Sponsored Enterprises Subcommittee today examined the role proxy advisory firms play in corporate governance and what can be done to reduce the complexity and increase transparency of the proxy system. Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced new subcommittee assignments for two members of the committee -- Rep. Dennis Ross (R-FL) and Rep. Keith Rothfus (R-PA). Read more »
Capital Markets & GSE Subcommittee Chairman Scott Garrett stopped by to tell us about H.R. 1062, the SEC Regulatory Accountability Act. H.R. 1062 is common-sense legislation that essentially codifies President Obama's Executive Order No. 13563 with regard to the Securities and Exchange Commission.
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“We talked about cash on balance sheets not deployed…People just sitting on cash because interest rates are too low and returns are too low now, but they think that they will go up in the future. So, everyone just sits until the Fed takes action. Rather than trying to read the market, they are trying to read what the Fed is going to do - which is… Read more »
