What is 20 times taller than the Statue of Liberty, 15 times longer than "Moby Dick" and would take the average reader more than a month to read, even if you hunkered down with it for 40 hours a week?
The answer: The growing paper trail formed by the Dodd-Frank law, passed by Congress last year to give U.S. financial regulations their biggest overhaul since the Great Depression.… Read more »
Financial Services Committee Chairman Spencer Bachus made the following statement today during the Oversight and Investigations Subcommittee hearing on the Financial Stability Oversight Council:
“The drafters of the Dodd-Frank Act provided the Financial Stability Oversight Council with new, far-reaching powers over the financial system, and the Council’s use of its new powers… Read more »
The Oversight and Investigations Subcommittee, chaired by Rep. Randy Neugebauer, will meet for a hearing to explore the progress of the Financial Stability Oversight Council (FSOC). The Subcommittee will focus on the coordination among the FSOC Members and the FSOC’s implementation of the Dodd-Frank Act.
The hearing will take place on Thursday, April 14 at 10 a.m. in room… Read more »
Republicans Decry Cost Of Dodd-Frank Overhaul
By Alan Zibel
DOW JONES NEWSWIRES
30 March 2011
WASHINGTON -(Dow Jones)- U.S. House Republicans decried the costs of the Dodd-Frank financial overhaul Wednesday, arguing that it will impede U.S. economic growth by requiring companies to spend billions complying with new regulations.
The financial overhaul bill, passed last… Read more »
The Dodd-Frank Act will result in a bigger and more expensive Federal government.
That’s the point the Financial Services Committee is driving home in a video released on Wednesday. The video, which can be viewed on the Committee’s website and on YouTube, coincides with a hearing of the Oversight and Investigations Subcommittee on the budgetary and economic costs of… Read more »
The Oversight and Investigations Subcommittee, chaired by Rep. Randy Neugebauer, will hold a hearing to examine the costs and economic impact associated with implementing the Dodd-Frank Act. The hearing will take place on Wednesday, March 30 at 2 p.m. in room 2128 Rayburn.
Subcommittee Chairman Neugebauer said, “We knew the Dodd-Frank Act would result in a bigger federal… Read more »
Financial Services Committee Chairman Spencer Bachus made the following statement during a Subcommittee hearing on the Consumer Financial Protection Bureau.
“The Consumer Financial Protection Bureau was the crown jewel of the 2,300-page Dodd-Frank Act that President Obama signed into law last July. This new bureaucracy, which will be headed by one person, a director as opposed to… Read more »
