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Oversight Of Mutual Funds On Capital Markets Subcommittee Agenda
Jun 29, 2011
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The Capital Markets and Government Sponsored Enterprises Subcommittee gathered on Friday, June 24th for a hearing titled, "Oversight of the Mutual Fund Industry: Ensuring Market Stability and Investor Confidence". Subcommittee Chairman Scott Garrett stated the intent of the hearing was to “to focus...
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Subcommittee To Assess The State Of Mutual Fund Industry
Jun 23, 2011
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WASHINGTON – The Subcommittee on Capital Markets and Government Sponsored Enterprises will conduct a hearing on the state of the mutual fund industry on Friday, June 24. It will be the first Financial Services Committee oversight hearing focusing on the mutual fund industry since 2005. The Subcommit...
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Paul Subcommittee to Probe U.S. Gold Reserves
Jun 22, 2011
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Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today that the subcommittee will hold a hearing on legislation calling for a full audit of U.S. gold reserves. H.R. 1495, the “Gold Reserve Transparency Act of 2011,” calls for an audit by the Treasury that gives a full...
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Schweikert Bill Enabling Small Companies To Access Capital Markets Approved By Committee
Jun 22, 2011
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The Financial Services Committee today approved the Small Company Capital Formation Act (H.R. 1070) introduced by Rep. David Schweikert. The bill makes it easier for small businesses to access capital, which will permit greater investment in these companies and will allow them to grow and create new...
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Hurt Bill Removing Costly Dodd-Frank Mandate Approved By Committee
Jun 22, 2011
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The Financial Services Committee approved legislation by Rep. Robert Hurt removing a costly Dodd-Frank Act mandate to allow small businesses easier access to private capital. The Small Business Capital Access and Job Preservation Act (H.R. 1082) exempts private equity fund advisers from having to re...
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Hayworth Bill To Eliminate Unnecessary Regulation On Job Creators Passes Committee
Jun 22, 2011
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Continuing the Financial Services Committee’s efforts to identify and fix government policies standing in the way of job creation and economic growth, the Committee today approved a bill sponsored by Rep. Nan Hayworth to help companies utilize their resources for new jobs and investment. The Burdens...
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House Committees, Still Concerned About Transparency at CFPB, Ask Again For Documents On Bureau’s Role In Mortgage Settlement Negotiations
Jun 21, 2011
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The leadership of the Financial Services Committee and the Oversight and Government Reform Committee continue to express concerns about a lack of transparency and accountability at the new Consumer Financial Protection Bureau (CFPB). Leaders of these two House committees on Monday sent a letter to T...
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Bill to Facilitate a Robust Covered Bond Market Scheduled For Committee Consideration
Jun 21, 2011
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The Financial Services Committee on Wednesday will consider legislation to establish a framework that allows U.S. financial institutions to issue covered bonds. Covered bonds, seen by many as a vital alternative to the securitization model, have been used in Europe for centuries to finance mortgages...
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Chairman Bachus: Taxpayers Deserve Better Management of Bailed Out Companies Fannie, Freddie
Jun 21, 2011
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FHFA Must Implement Reforms Suggested By Inspector General Report Says Bachus Financial Services Committee Chairman Spencer Bachus made the following statement regarding a report released today by the Inspector General of the Federal Housing Finance Agency (FHFA) which found the FHFA lacks assurance...
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Chairman Bachus: Committee Continues Work To Implement Our Pledge
Jun 21, 2011
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Financial Services Committee Chairman Spencer Bachus said today the Committee will continue to focus on policies that promote jobs and economic development, build a stronger housing finance system, and protect taxpayers during the month of July. “Americans continue to suffer from the devastating imp...
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