News List

By Rep. Blaine Luetkemeyer I was more than a little annoyed recently during a committee hearing with a government official who seemed intent on defending an agency created by the troubling Dodd-Frank Act that is more interested in navel gazing than helping our nation’s small businesses. During the hearing, a leading deputy at the Consumer Financial Protection Bureau (CFBP), created… Read more »

Rep. Shelley Moore Capito (R-W.Va.) chaired a House Financial Services subcommittee hearing Monday on how new regulations are affecting financial institutions, particularly those in her home state. The Financial Institutions and Consumer Credit panel held the field hearing in Charleston, W.Va., courthouse. “If we’re going to get our economy moving again, small businesses must have… Read more »

Financial Services Committee Chairman Spencer Bachus issued the following statement about the Treasury Department's decision on Friday to reduce the dividend rate paid to the Secretary of the Treasury on Senior Preferred Stock of Fannie Mae and Freddie Mac: “The Administration took its first step toward GSE reform in nearly four years today. Unfortunately, rather than announcing steps to… Read more »

West Virginia-based financial institutions will have the opportunity on Monday to tell a Congressional subcommittee chaired by Rep. Shelley Moore Capito how new regulations are affecting their ability to stimulate local job growth. The House Subcommittee on Financial Institutions and Consumer Credit will hold a field hearing in Charleston, West Virginia at the Robert C. Byrd U.S.… Read more »

By Rep. Robert Hurt At a time when uncertainty from Washington has led us to nearly three-and-a-half years of more than 8 percent unemployment nationally, folks in Washington, D.C., are still calling for higher taxes and a bigger federal government that will only lead to more uncertainty. Just this past week, I traveled along Route 40, stopping in Kenbridge, Victoria, Keysville,… Read more »

The Idaho Statesman:  Idaho Businesses Say They're Jittery Over Economic Climate August 13, 2012  By Bill Roberts Uncertainty over taxes, national debt, growing government regulation and health care reform is hurting business expansion and job creation in Idaho, some Southwest Idaho business owners and regional business leaders told U.S. Sen. Mike Crapo on Monday. "We… Read more »

One of the most significant accomplishments of the Financial Services Committee during the 112th Congress is passage of the JOBS Act.  The Jumpstart Our Business Startups Act (JOBS Act) removes government barriers to job creation and economic activity. The JOBS Act, comprised of six bills that originated in and were originally approved by the Committee, is designed to help startups… Read more »

Financial Services Committee Chairman Spencer Bachus is asking investors, industry professionals and the public to offer their ideas and suggestions on how to formulate a less burdensome legislative alternative to the Volcker Rule. “If regulators implement the Volcker Rule in its current form, the repercussions will be devastating to our economy.  It will undermine our nation’s… Read more »

By SPENCER BACHUS Bernie Madoff. Matthew Hutcheson. Mark Spangler. If these names don't ring a bell, you are lucky. Reports indicate that thousands of investors lost billions in savings—in some cases an entire lifetime's worth—investing with these financial planners, investment advisers or "retirement coaches" who were accused of breaking the law and taking their money. The federal… Read more »

Financial Services Committee Chairman Spencer Bachus released a statement on Wednesday in support of bipartisan legislation that clarifies provisions in the Dodd-Frank Act requiring municipal advisers to register with the Securities and Exchange Commission. The bipartisan bill, H.R. 2827 sponsored by Rep. Robert Dold, was considered on Wednesday by the Subcommittee on Capital Markets… Read more »