News List

  • Bachus: We Will Not ‘Win The Future’ If We Force Our Children And Grandchildren To Inherit A Mountain Of Debt
    Mar 2, 2011 - Financial Services Committee Chairman Spencer Bachus made the following statement during a Full Committee hearing on the Federal Reserve’s semi-annual monetary policy report. “Chairman Bernanke, welcome and thank you for your testimony today. “Although the National Bureau of Economic Research declar... More
  • Witnesses Announced For Subcommittee Hearing on Legislative Proposals To End Failed Foreclosure Programs
    Mar 1, 2011 - Insurance, Housing and Community Opportunity Subcommittee Chairman Judy Biggert announced the witnesses who will testify at a legislative hearing on bills to terminate failed and ineffective housing foreclosure programs. The Subcommittee hearing will take place on Wednesday, March 2nd at 2 pm in roo... More
  • Bachus: New Housing Finance System Must Be Based On Private Capital, Not Taxpayer Subsidies
    Mar 1, 2011 - Financial Services Committee Chairman Spencer Bachus made the following statement during a Full Committee hearing to review the Administration’s report on housing finance. “The collapse of Fannie Mae and Freddie Mac in 2008 helped trigger a financial crisis from which our economy is still trying to ... More
  • H.R. 830
    Feb 28, 2011 - H.R. 830, The FHA Refinance Program Termination Act: H.R. 830, introduced by Rep. Robert Dold (R-IL) on February 28th, terminates the FHA Refinance Program and protects taxpayers from having $8 billion of their money from being spent on this ineffective program. Background: In March 2010, the Admini... More
  • Weekly Standard: Regulator in Chief
    Feb 28, 2011 - The unchecked, unelected, unaccountable Elizabeth Warren. Fred Barnes The Consumer Financial Protection Bureau (CFPB) is forgotten but not gone. It’s housed, quietly and temporarily, in the Treasury Department as it prepares to become an official, stand-alone federal agency on July 21. The CFPB is h... More
  • Capito Announces Subcommittee Hearing To Examine Impact Of Dodd-Frank On Jobs And Economic Recovery
    Feb 28, 2011 - Financial Institutions Subcommittee Chairman Shelley Moore Capito announced today the Subcommittee will convene a hearing to examine the impact of the Dodd-Frank Act on small financial institutions and small businesses. The hearing will take place on Wednesday, March 2nd at 2 pm in room 2128 Rayburn... More
  • Committee Will Markup Bills to Terminate Failed Programs
    Feb 24, 2011 - Financial Services Committee Chairman Spencer Bachus announced a subcommittee hearing and full committee markup of four bills that will terminate failed and ineffective housing foreclosure programs. The four proposals – which terminate the troubled Home Affordable Modification Program (HAMP), the Ne... More
  • Chairman Bachus: Committee Will Review HUD’s Budget Request
    Feb 23, 2011 - Financial Services Committee Chairman Spencer Bachus today announced the Committee will convene a hearing on the Department of Housing and Urban Development’s budget request for Fiscal Year 2012. Secretary Shaun Donovan will be the hearing’s only witness. The hearing will take place on Tuesday, Marc... More
  • Chairman Bachus: Committee Will Review Administration’s Housing Finance Report
    Feb 23, 2011 - Financial Services Committee Chairman Spencer Bachus today announced the Committee will convene a hearing with Treasury Secretary Timothy Geithner to review the Obama Administration’s report on housing finance. The hearing will be held on Tuesday, March 1st at 10 am in room 2128 Rayburn. Chairman Ba... More
  • Chairman Bachus Announces Planned Committee Schedule for March
    Feb 18, 2011 - : Financial Services Committee Chairman Spencer Bachus today announced the committee’s planned hearing schedule for March 2011. Chairman Bachus said, “The Committee will continue our efforts to promote economic recovery and job creation. We are committed to ensuring government policies promote, rath... More