News List

Republican leaders of the House Financial Services Committee are seeking assurances from the Obama Administration that U.S. taxpayers will not bear the burden of bailing out debt-ridden European governments. In a letter sent Wednesday to Treasury Secretary Timothy Geithner, Chairman Spencer Bachus, Vice Chairman Jeb Hensarling and the chairmen of the Committee’s six subcommittees ask for… Read more »

Financial Services Committee Chairman Spencer Bachus on Wednesday announced the Committee’s schedule for the first two weeks of February. All Committee activity will take place in room 2128 Rayburn House Office Building.  Witnesses for the hearings will be announced at later dates. Wednesday, February 1:  The Subcommittee on Insurance, Housing and Community Opportunity… Read more »

During his State of the Union address next week, President Obama should call on the Senate to pass legislation that helps small businesses access capital so they can create jobs, said Financial Services Committee Chairman Spencer Bachus. Four bills that originated in the Financial Services Committee and later passed the House would make it easier for small businesses to access capital,… Read more »

Financial Services Committee Chairman Spencer Bachus announced two changes to the committee’s staff leadership on Friday. Larry Lavender is leaving his position as Chief of Staff for the Financial Services Committee to manage the primary re-election campaign of Chairman Bachus and then later join the Washington, DC office of the law firm Jones Walker.  Lavender has served as the… Read more »

Alabama will receive $55 million in disaster relief funding to help achieve long-term recovery, restore housing and infrastructure, and promote economic revitalization, said Financial Services Committee Chairman Spencer Bachus. The Department of Housing and Urban Development (HUD) will provide community development block grant (CDBG) funding to the city of Tuscaloosa in the amount of… Read more »

Financial Services Committee Chairman Spencer Bachus released the following statement about today's joint Subcommittee hearing on the Volcker rule. "Thank you, Chairman Capito and Chairman Garrett, for convening today’s hearing to examine the regulatory proposal to implement Section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule.  "The proposals issued by the… Read more »

-Financial Services Committee Chairman Spencer Bachus reacted Tuesday to reports that government regulators will cut the pay of the executives they hire to succeed the departing heads of Fannie Mae and Freddie Mac. Chairman Bachus first proposed legislation to suspend the pay packages and stop bonuses for executives of Fannie Mae and Freddie Mac in 2010.  He reintroduced the bill… Read more »

A joint hearing in January held by two Financial Services subcommittees will evaluate the proposed Volcker Rule and its impact on the economy, jobs, businesses and investors.  Members of the subcommittees will also ask federal regulators about the costs of complying with the regulations as well as perceived benefits that will result from the regulations. The Volcker Rule, a… Read more »

Financial Services Committee Chairman Spencer Bachus, who proposed legislation earlier this year to place the Consumer Financial Protection Bureau (CFPB) under the direction of a bipartisan commission, released the following statement about President Obama’s decision to disregard the Constitution and attempt to appoint a director for this new, unaccountable government bureaucracy: “The… Read more »