News List

The House on Monday gave its approval to two bipartisan bills that originated in the House Financial Services Committee. The bills will help clarify and alleviate the burdens placed on job-creators by certain Dodd-Frank Act regulations. “Washington continually shackles the private sector with punishing regulations that end up causing uncertainty and discouraging the creation of… Read more »

NOTE: Accredited media planning to attend the hearing should send an email here to reserve a seat. Decisions and events during the final days of MF Global that led to the disappearance of up to $1.6 billion in customer funds will be the focus of a congressional subcommittee hearing on Wednesday. Since MF Global filed for bankruptcy on Oct. 31, 2011, the Financial Services… Read more »

The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will hold a hearing on Tuesday to examine the Federal Reserve’s assistance to the Eurozone and the impact that assistance has on the U.S. monetary system and the dollar. New York Federal Reserve President and CEO William Dudley and Steven B. Kamin, the Federal Reserve’s director of international… Read more »

As part of its ongoing investigation into the collapse of MF Global and missing customer funds, the Financial Services Subcommittee on Oversight and Investigations voted today to subpoena Edith O’Brien, the assistant treasurer at the time the company declared bankruptcy. O’Brien is directed to testify before the Subcommittee on Wednesday, March 28 at 2 p.m. during a hearing to examine… Read more »

Cell phone-based retail payments, the metallic content of circulating coins and other issues involved with value transfers in retail settings will be featured in a series of hearings that begin this week in the Financial Services Committee. Dubbed “The Future of Money,” the series starts Thursday at 10 a.m. in the Financial Institutions and Consumer Credit Subcommittee with a hearing… Read more »

Not to be missed is Wednesday’s Chicago Tribune editorial on the JOBS Act, a package of six bills from the Financial Services Committee that will promote innovation, economic growth and jobs. The JOBS Act – short for Jumpstart Our Business Startups – is a “rare example of bipartisanship” in today’s Washington, the newspaper writes, that would cut red tape for small businesses and emerging… Read more »

Senate Democrats “acting like Lucy snatching the football away at the last possible moment, and it is entrepreneurs and job-creators who are made to play Charlie Brown,”says Chairman Bachus. Financial Services Committee Chairman Spencer Bachus outlined the strong investor protections that are included in the bipartisan JOBS Act and called on Senate Democrats to put jobs ahead of their… Read more »

Financial Services Committee Chairman Spencer Bachus announced today the Committee’s schedule for the second half of March. Witnesses for each hearing will be announced at later dates.  All hearings will take place in the Committee’s main hearing room, 2128 Rayburn. Tuesday, March 20: The Full Committee will receive the annual report on the state of the international… Read more »

  Local banks in Missouri are voicing a concern that is being heard in communities all across the country about the 400 new regulations in the Dodd-Frank Act.   As the Columbia Daily Tribune notes: “As local banks work to regain their footing, a cloud of uncertainty hangs over their heads: Hundreds of new regulations, mandated by the Dodd-Frank financial reform bill passed… Read more »

Financial Services Committee Chairman Spencer Bachus announced today that Treasury Secretary Timothy Geithner will appear before the Committee on Tuesday to discuss the state of the international financial system. By law, the Treasury Secretary is required to appear before the Committee each year to report on major issues affecting U.S. participation in international financial… Read more »