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Bipartisan JOBS Act Includes Strong Investor Protections
Mar 19, 2012
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Senate Democrats “acting like Lucy snatching the football away at the last possible moment, and it is entrepreneurs and job-creators who are made to play Charlie Brown,”says Chairman Bachus. Financial Services Committee Chairman Spencer Bachus outlined the strong investor protections that are includ...
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Chairman Bachus Announces Committee Schedule for Rest of March
Mar 16, 2012
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Financial Services Committee Chairman Spencer Bachus announced today the Committee’s schedule for the second half of March. Witnesses for each hearing will be announced at later dates. All hearings will take place in the Committee’s main hearing room, 2128 Rayburn. Tuesday, March 20: The Full Commit...
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Pending financial regulations keep banks uncertain about the future
Mar 15, 2012
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Local banks in Missouri are voicing a concern that is being heard in communities all across the country about the 400 new regulations in the Dodd-Frank Act. As the Columbia Daily Tribune notes: “As local banks work to regain their footing, a cloud of uncertainty hangs over their heads: Hundreds of ...
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Financial Services Committee to Question Secretary Geithner on State of the International Financial System
Mar 15, 2012
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Financial Services Committee Chairman Spencer Bachus announced today that Treasury Secretary Timothy Geithner will appear before the Committee on Tuesday to discuss the state of the international financial system. By law, the Treasury Secretary is required to appear before the Committee each year to...
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Financial Services Committee Chairman Bachus Comments on FHFA Plan to Reduce Executive Compensation for Fannie Mae and Freddie Mac
Mar 9, 2012
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Financial Services Committee Chairman Spencer Bachus, who has championed congressional action to reduce executive pay and eliminate bonuses for top executives of Fannie Mae and Freddie Mac, on Friday reacted to FHFA’s new executive compensation program. “This is a long overdue change and a step in t...
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Financial Services Subcommittee Holds Field Hearings Next Week in Texas and Nevada
Mar 9, 2012
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The Subcommittee on Financial Institutions and Consumer Credit will hold field hearings in Texas and Nevada next week. In Texas, the Subcommittee will hear from financial institutions about the impact new financial regulations are having on their ability to extend credit and stimulate job growth. Th...
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House Approves Bipartisan JOBS Act
Mar 8, 2012
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A bipartisan bill designed to jumpstart the economy and job creation won overwhelming approval by the House of Representatives today. The Jumpstart Our Business Startups Act, or JOBS Act, will make it easier for small companies and entrepreneurs to access capital and investors and go public, which w...
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Chairman Bachus Speaks in Favor of JOBS Act
Mar 7, 2012
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Financial Services Committee Chairman Spencer Bachus on Wednesday spoke on the floor of the House in support of the JOBS Act. The Jumpstart Our Business Startups (JOBS) Act is comprised of six bipartisan bills that originated in the Financial Services Committee. Chairman Bachus guided all six bills ...
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Washington Post: ‘Million-Dollar Mortgage Goes Unpaid for Years While Couple Fights Foreclosure’
Mar 6, 2012
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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...
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Harmful Reach of Volcker Rule Extends Far Beyond Wall Street
Mar 1, 2012
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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...
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