News List

  • Support for U.S. Covered Bond Act Grows
    Jun 21, 2011 - Three national real estate groups voiced support for H.R.940, the U.S. Covered Bond Act, on Tuesday. Introduced by Congressman Scott Garrett, H.R. 940 would create a legislative framework to allow U.S. financial institutions to issue covered bonds. Covered bonds are a form of debt in which specific ... More
  • Committee to Vote on Bills Designed to Spur New Jobs, Cut Unnecessary Red Tape
    Jun 20, 2011 - The Financial Services Committee on Wednesday will vote on several bills designed to spur private sector job growth and remove government barriers to job creation. “The burden of excessive regulations makes it harder for companies, particularly small businesses, to hire new workers. In fact, the Sma... More
  • Biggert: Subcommittee Will Evaluate Bill To Reform Section 8
    Jun 20, 2011 - The Insurance, Housing, and Community Opportunity Subcommittee, chaired by Rep. Judy Biggert, will examine a legislative proposal to improve the nation’s largest affordable housing program during a hearing on Thursday. The Section 8 housing voucher program, administered by the Department of Housing ... More
  • Committee To Receive Monetary Policy Report From Federal Reserve Chairman Bernanke
    Jun 17, 2011 - Financial Services Committee Chairman Spencer Bachus announced today that Federal Reserve Chairman Ben Bernanke will appear before the Committee on July 13 to deliver the semiannual Monetary Policy Report to the Congress. Chairman Bachus said, “Chairman Bernanke’s report comes at a critical time as ... More
  • Cyberattack on CIA Website “A Major Wakeup Call” for Country
    Jun 16, 2011 - Bachus says Financial Services Committee hearing will examine threat posed by hackers WASHINGTON –Reports that the CIA was the victim of a cyberattack on Thursday underscore the seriousness of the threat posed by hackers and cybercriminals, said Financial Services Committee Chairman Spencer Bachus. ... More
  • Chairman Bachus: Tsunami of Regulatory Mandates Could Push Jobs “Right Out of the Country”
    Jun 16, 2011 - WASHINGTON – Financial Services Committee Chairman Spencer Bachus made the following statement today during a Full Committee hearing to examine the international implications of the Dodd-Frank Act on U.S. economic competitiveness: “When President Obama signed the Dodd-Frank Act into law last summer,... More
  • Financial Services Committee to Examine Impact of Dodd-Frank Regulations on Jobs and U.S. Competitiveness
    Jun 16, 2011 - WASHINGTON -- The Financial Services Committee will examine the international implications of the Dodd-Frank Act on U.S. economic competitiveness during a hearing on Thursday. “There is a widespread and growing concern that the Dodd-Frank Act with its 400 new regulations will lead to industry, capit... More
  • It’s the Republicans’ Fault!
    Jun 16, 2011 - During the June 14th Financial Institutions and Consumer Credit Subcommittee hearing that examined whether the Dodd-Frank Act really ended “too big to fail” (as some Democrats claim it did), Ranking Member Barney Frank said it is the Republicans’ fault for creating a “false perception” that “too big... More
  • Red Tape Rising
    Jun 15, 2011 - The crushing burden of more and more regulations from Washington (400 new rule-makings due to the Dodd-Frank Act alone) has led one columnist to conclude that if the United States enters another depression, “the likely reason will be new financial rules.” If through ineptitude and inattention the f... More
  • And the answer is “no”
    Jun 14, 2011 - When President Obama signed the Dodd-Frank Act into law last summer, he set in motion the most ambitious changes to financial institution regulation since the Great Depression. The supporters of Dodd-Frank held out the promise that by increasing government control over the economy to an unprecedente... More