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FACT CHECK On Maloney Claim That Financial Regulators Operate Under A Single Director
Apr 6, 2011
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Financial Services Committee Member Rep. Carolyn Maloney spoke out today against a proposal that places the new Consumer Financial Protection Bureau under the leadership of a bipartisan commission. At a subcommittee hearing Wednesday morning, Rep. Maloney named the Federal Reserve, the Commodity Fut...
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Subcommittee Approves Bill To Revamp Flood Insurance Program
Apr 6, 2011
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The Insurance, Housing and Community Opportunity Subcommittee, chaired by Rep. Judy Biggert, approved legislation today to reform the National Flood Insurance Program (NFIP). H.R. 1309, introduced by Subcommittee Chairman Biggert, provides for long-term reauthorization of the NFIP and includes impor...
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Bachus, Hensarling: Putting the Spike in Fannie and Fred
Apr 6, 2011
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Letters to the Editor Putting the Spike in Fannie and Fred 6 April 2011 The Wall Street Journal Regarding your editorial "Blinking on Fannie and Fred" (March 31): The need to end the taxpayer-funded bailout of Fannie Mae and Freddie Mac is an urgent matter. That's why, on March 17, we introduced H.R...
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FACT CHECK On Maloney Claim That Financial Regulators Operate Under A Single Director
Apr 6, 2011
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WASHINGTON: Financial Services Committee Member Rep. Carolyn Maloney spoke out today against a proposal that places the new Consumer Financial Protection Bureau under the leadership of a bipartisan commission. At a subcommittee hearing Wednesday morning, Rep. Maloney named the Federal Reserve, the C...
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Democrats Attempt To Shut Down Reforms to Fannie Mae and Freddie Mac
Apr 5, 2011
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Democrats on the Financial Services Committee, who blocked Republican efforts to reform Fannie Mae and Freddie Mac during debate over financial regulatory reform in 2009 and 2010, on Tuesday used delaying tactics and obstructionist parliamentary maneuvers in an attempt to stall progress on eight Rep...
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Paul Announces Subcommittee Hearing On The US Mint Bullion Coin Programs
Apr 5, 2011
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Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today the Subcommittee will convene for a hearing on improving the U.S. Mint’s bullion coin programs. The hearing will take place on Thursday, April 7 at 10 a.m. in room 2128 Rayburn. Subcommittee Chairman Paul said, “I...
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Subcommittee Will Vote On Chairman Bachus’ Bill To End The Lavish Salaries Of Fannie, Freddie Executives
Apr 5, 2011
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WASHINGTON: Financial Services Committee Chairman Spencer Bachus released the following information regarding the pay of Fannie Mae and Freddie Mac executives. Later today, the Capital Markets and Government Sponsored Enterprises Subcommittee will vote on a bill introduced by Chairman Bachus to susp...
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Chairman Bachus Comments on Elizabeth Warren’s Role in Mortgage Settlement Talks
Apr 4, 2011
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Financial Services Committee Chairman Spencer Bachus made the following comments on Monday after receiving a letter from Elizabeth Warren concerning her now-confirmed “active” participation in ongoing mortgage settlement talks. “Professor Warren’s clarification of her role in these talks is welcomed...
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Chairman Bachus: It’s Time To End The Lavish Executive Salaries Of Bailed Out Fannie Mae and Freddie Mac
Apr 1, 2011
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A report detailing the multi-million dollar compensation paid to top executives of bailed out mortgage giants Fannie Mae and Freddie Mac should give Financial Services Committee Chairman Spencer Bachus’s bill to suspend these taxpayer-funded salaries a boost. Chairman Bachus re-introduced legislatio...
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Chairman Bachus: Congress Must Take Action To Reform Fannie Mae, Freddie Mac
Mar 31, 2011
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Financial Services Committee Chairman Spencer Bachus made the following statement today during the Capital Markets Subcommittee hearing on legislative proposals to reform Fannie Mae and Freddie Mac. “As recent statistics show, our housing markets remain very fragile. Housing is a tremendously import...
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