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 »
The Financial Services Committee on Wednesday approved a resolution offered by Chairman Spencer Bachus to appoint Rep. Frank Guinta, the committee’s newest member, to the Financial Institutions and Consumer Credit Subcommittee and the International Monetary Policy and Trade Subcommittee.
“Rep. Guinta understands that regulatory overkill makes it harder for our economy to recover and… Read more »
A Subcommittee hearing on Thursday will examine the emergence of alternative forms of money, or parallel currencies, and the effects they could have on the economy and monetary policy.
The Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will also look at the obstacles to circulation faced by alternative forms of… Read more »
Financial Services Committee Chairman Spencer Bachus on Tuesday made the following comment about a ruling from the Federal Housing Finance Administration (FHFA) against forgiving mortgage principal on Fannie Mae and Freddie Mac mortgages:
“The Administration put incredible political pressure on Director DeMarco, and he deserves praise for standing up for the best interests of the… Read more »
