The Financial Services Committee, chaired by Rep. Spencer Bachus, will hold a hearing on June 29 at the National Computer Forensics Institute in Hoover, Alabama on the threat cybercriminals pose to individuals and financial institutions.
The National Computer Forensics Institute trains law enforcement officers from across the country on how to detect, prevent and prosecute cyber… Read more »
The Financial Services Committee, chaired by Rep. Spencer Bachus, will receive testimony from Treasury Secretary Timothy Geithner on the state of the international financial system at a hearing on Wednesday, June 15 at 10 a.m. in room 2128 Rayburn.
Financial Services Committee Chairman Spencer Bachus said, “The Dodd-Frank Act has injected uncertainty into our financial system and… Read more »
Mortgage guarantees made by Fannie Mae and Freddie Mac in the coming decade are expected to cost the government another $42 billion, the Congressional Budget Office said Thursday.
The mortgage giants were seized by regulators and placed into a federal conservatorship in September 2008 as housing prices tumbled nationwide and foreclosures climbed.
Through the end of March, the government… Read more »
Financial Services Committee Chairman Spencer Bachus delivered the following statement today at a full committee hearing on HUD’s management of the Home Investment Partnerships Program:
“The HOME Investment Partnerships Program is the federal government’s largest housing construction program for the poor. Administered by the Department of Housing and Urban Development, it… Read more »
Continuing the Committee’s focus on promoting job creation, improving the economy and reforming the nation’s housing system, Financial Services Committee Chairman Spencer Bachus announced the planned Committee schedule for the remainder of June.
From the start of the 112th Congress, under Chairman Bachus’ leadership, the Committee has focused on promoting policies that… Read more »
June 3, 2011
Because we’re from the government and we’re here to help you make the ‘correct’ decisions about your life.
“While the academics may suggest giving consumers a ’nudge,’ by the time Washington gets finished, this nudge has become a shove, if not a punch in face.”
Read the full story… Read more »
By Rep. Blaine Luetkemeyer
Roll Call
June 2, 2011
Our country still has a long way to go to get our nation’s fiscal house in order, but the new tone of the debate is a step in the right direction.
The economic woes of the United States will not be solved in one budget alone. Our fiscal mess took years of uncontrollable spending by both parties, and as a nation we must make… Read more »
Recently, Democrats have claimed in speeches and media interviews that the Dodd-Frank Act ended “too big to fail” and the bailouts. However, the facts show the Dodd-Frank Act sets up a permanent bailout authority that will continue to privatize profits, and socialize losses.
The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released a report in January 2011 in… Read more »
The International Monetary Policy and Trade Subcommittee, chaired by Rep. Gary G. Miller, today unanimously approved legislation to help U.S. companies create jobs by reauthorizing the Export–Import Bank for four years. The Securing American Jobs Through Exports Act supports the exporting of U.S. goods and services while instituting new transparency measures to protect taxpayer… Read more »
John Solomon, a former Associated Press reporter who is now at the Center for Public Integrity, recently wrote about an issue for the Daily Beast that deserves more attention than it gets:
Over the last two years, the Obama administration has approved a
whopping $34.4 million in compensation to the top six executives of
the financially troubled Fannie Mae and Freddie Mac… Read more »
