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Republicans Leaders of Financial Services Committee Oppose Taxpayer Bailout of Europe
Jan 25, 2012
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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, ...
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Chairman Bachus Announces Committee Schedule for Feb. 1-8
Jan 25, 2012
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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, Februar...
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Chairman Bachus: President Should Use State of the Union to Call for End of ‘Senate Stall’ on Jobs Bills
Jan 20, 2012
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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...
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Chairman Bachus Announces Changes in Committee’s Staff Leadership
Jan 20, 2012
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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 th...
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Chairman Bachus: Alabama To Receive $55 million In Funding To Rebuild After Tornadoes
Jan 19, 2012
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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 commu...
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Chairman Bachus Statement On Volcker Rule's Impact On Markets, Investors And Jobs
Jan 18, 2012
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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-...
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Bachus: Lavish Compensation of Fannie, Freddie Executives Must End
Jan 17, 2012
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-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 bonus...
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Subcommittees to Examine Volcker Rule Impact on Economy, Jobs
Jan 11, 2012
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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 pe...
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Chairman Bachus: Obama Chose Partisan Politics Over Protecting Consumers with Appointment of CFPB Director
Jan 4, 2012
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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 an...
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