Financial Services Committee Chairman Spencer Bachus made the following statement after meeting with President Obama and House Republicans at the White House this morning to discuss deficit reduction:
“Several times during the meeting today, the President said he will not submit a plan to reduce the deficit that could be verified by the Congressional Budget Office. … Read more »
Financial Services Committee Chairman Spencer Bachus released the following statement regarding the Domestic Monetary Policy Subcommittee hearing on the Federal Reserve data disclosure.
“This is an important hearing on the use of the Federal Reserve’s emergency lending facilities during the financial crisis. This hearing touches on an important issue: balancing the independence… Read more »
By: Rep. Spencer Bachus
May 27, 2011
Because the Dodd-Frank Act places so much authority — with so little accountability — in the hands of the director of the new Consumer Financial Protection Bureau, the law requires that this administrator be nominated by the… Read more »
The Obama administration's approval of $34.4 million for six top officials, with little or no market guidance, is raising new questions about the inner workings of the failing mortgage giants. John Solomon and Julie Vorman, of the Center for Public Integrity's iWatch News, report. Read more »
“If we create a prohibitively expensive and rigid climate for the use and trading of derivatives in the United States, the market could very well shift overseas, and once markets leave they will not return. Undoubtedly, foreign markets are closely examining how U.S. regulators are implementing Dodd-Frank and stand ready to create a… Read more »
Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today the Subcommittee will hold a hearing entitled, “Federal Reserve Lending Disclosure: FOIA, Dodd-Frank, and the Data Dump.”
The hearing will explore the information disclosed by the Federal Reserve in compliance with the Dodd-Frank Act and the Freedom of Information Act regarding its emergency… Read more »
US futures regulators warned of splits in derivatives rules between the US and Europe and told lawmakers that budgetary restraints would leave them unable to enforce new laws. Read the story here: http://www.ft.com/intl/cms/s/0/4dea6cdc-8701-11e0-92df-00144feabdc0.html?ftcamp=rss#axzz1NTBvW0Kz
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WASHINGTON: The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will convene for a hearing with Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair. The hearing will take place on Thursday, May 26th at 9:30 a.m. in room 2128 Rayburn.
The hearing, entitled “FDIC Oversight: Examining and Evaluating the Role of the Regulator… Read more »
The Financial Services Committee, chaired by Rep. Spencer Bachus, approved legislation today to give regulators additional time to write and review the rules governing derivatives. H.R. 1573, approved by a vote of 30 to 24, addresses concerns raised by both Republicans and Democrats that the proposed Dodd-Frank rules governing derivatives could put U.S. firms at a competitive… Read more »
Financial Services Committee Chairman Spencer Bachus made the following statement today during consideration of H.R. 1573, legislation to restore order to the Dodd-Frank derivatives rulemaking process, promote regulatory coordination, and ensure the U.S. economy is not placed at a competitive disadvantage with other countries
“The Committee meets this morning to markup important… Read more »
