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Garrett Announces Subcommittee Hearing To Review Proposals That Promote Job Creation And Capital Formation
Mar 14, 2011
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Capital Markets Subcommittee Chairman Scott Garrett announced the Subcommittee will hold a legislative hearing on proposals that promote job creation on Wednesday, March 16 at 2 p.m. in room 2128 Rayburn. Subcommittee Chairman Garrett said, “Far too much of the Dodd-Frank Act was passed for politica...
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House Votes To End $1 Billion Loan Program That Loses 98 Cents for Every 1 Dollar Spent by Taxpayers
Mar 11, 2011
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The U.S. House of Representatives today voted 242-177 to end a Federal government loan program that loses 98 cents for every one dollar it spends. Republicans pushed to end the program not only because of its cost, but also because it leaves already struggling homeowners in worse financial shape by ...
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Capito Announces Subcommittee Will Conduct Oversight Of CFPB
Mar 11, 2011
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Financial Institutions and Consumer Credit Subcommittee Chairman Shelley Moore Capito announced the Subcommittee will question Assistant to the President and Advisor to the Treasury Secretary Elizabeth Warren during its hearing on the new Consumer Financial Protection Bureau (CFPB) on Wednesday, Mar...
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Garrett Announces Subcommittee Hearing To Review Proposal To Establish Covered Bond Framework
Mar 10, 2011
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Capital Markets Subcommittee Chairman Scott Garrett announced the Subcommittee will convene a hearing on covered bonds this Friday, March 11 at 10 a.m. in room 2220 Rayburn. Subcommittee Chairman Garrett said, “Each year, the U.S. economy misses out on billions of dollars in capital formation to for...
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House Votes To End Spending Program That Bails Out Lenders
Mar 10, 2011
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The U.S. House of Representatives today approved legislation to terminate an ineffective Federal mortgage refinance program that has assisted only 44 homeowners despite its $50 million price tag. The bill, H.R. 830, was introduced by Rep. Robert Dold (R-IL). It ends the FHA Refinance Program, which ...
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Committee Ends Two Ineffective Programs and Stops the Spending of $30 Billion
Mar 9, 2011
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The Financial Services Committee, chaired by Congressman Spencer Bachus, approved legislation on Wednesday that ends two ineffective government spending programs. The bills, which terminate the troubled Home Affordable Modification Program (HAMP) and the Neighborhood Stabilization Program (NSP), pre...
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Biggert Announces Subcommittee Hearing To Revamp National Flood Insurance Program
Mar 9, 2011
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Insurance, Housing and Community Opportunity Subcommittee Chairman Judy Biggert announced the Subcommittee will convene a hearing on legislative proposals to reform the National Flood Insurance Program (NFIP). The hearing will take place on Friday, March 11th at 10 a.m. in room 2128 Rayburn. Subcomm...
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Miller Announces Subcommittee Hearing To Explore Ex-Im Bank Role In Facilitating Job Growth
Mar 8, 2011
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International Monetary Policy and Trade Subcommittee Chairman Gary G. Miller announced the Subcommittee will meet for a hearing on the Export-Import (Ex-Im) Bank and its role in promoting job creation by helping American companies compete in the international marketplace. The Subcommittee hearing wi...
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Garrett Announces Subcommittee Hearing To Conduct Oversight Of SEC
Mar 7, 2011
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Capital Markets Subcommittee Chairman Scott Garrett announced a Subcommittee hearing to conduct oversight of the Securities and Exchange Commission (SEC) and review the agency’s budget request for Fiscal Year 2012. The hearing will take place on Thursday, March 10 at 10 am in room 2128 Rayburn. Subc...
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Committee Votes To End Failed And Ineffective Foreclosure Programs
Mar 3, 2011
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The Financial Services Committee, chaired by Congressman Spencer Bachus, approved bills that terminate two failed and ineffective federal foreclosure programs and cancel their $9 billion in funding. Chairman Bachus said, “We should not waste taxpayer dollars on failed government programs that do not...
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