News List

A House subcommittee on Thursday will examine an obscure provision buried deep in the 2,300-page Dodd-Frank Act that threatens to disadvantage U.S. manufacturers and has resulted in a de facto U.S. embargo of a war-torn African country. The provision requires thousands of U.S. companies to disclose what steps they are taking to ensure that their products do not contain certain minerals… Read more »

The rising cost of complying with federal regulations threatens the future of small banks and financial institutions across the country, and on Wednesday a House subcommittee will examine how the growth of this red tape hurts the economy, increases customers’ costs for basic banking services, and leads to fewer small banks and more large banks. The Subcommittee on Financial Institutions… Read more »

The Financial Services Subcommittee on Domestic Monetary Policy and Technology, chaired by Rep. Ron Paul, will hold a hearing on Tuesday to examine six legislative proposals that either reform or abolish the Federal Reserve System. “More and more people are beginning to understand just how destructive the Federal Reserve's monetary policy has been.  I hope that this hearing will… Read more »

The bipartisan JOBS Act arrives just in time to help small, community banks as they are “struggling to stay profitable in a period of low interest rates, stagnant lending and rising compliance costs from other new regulations,” the Wall Street Journal reports. The JOBS (Jumpstart Our Business Startups) Act originated in the Financial Services Committee and is the culmination of an… Read more »

The Financial Services Committee released its hearing schedule for the month of May on Friday. The Committee’s schedule remains tentative and will depend upon witness availability and other factors that may require changes.  Therefore, each meeting will become final only when the official notice is distributed.  Additional information about each hearing, as well as a list of… Read more »

By Joe Brettell Published April 26, 2012 FoxNews.com President Obama and Congressional Democrats have shifted into full campaign mode, using every taxpayer funded campaign stop to raise money and continue their efforts to incite class warfare around the country. While these intentionally divisive methods seem at odds with the president’s 2008 message of “hope and change,” it makes… Read more »

Financial Services Committee Chairman Spencer Bachus and Rep. Carolyn McCarthy, a member of the Committee, introduced bipartisan legislation today to create more efficient and effective oversight of the retail investment advisory industry. Chairman Bachus and Rep. McCarthy introduced their proposal in response to a Securities and Exchange Commission (SEC) study that revealed the agency… Read more »

The Capital Markets and Government Sponsored Enterprises Subcommittee will review the Securities and Exchange Commission’s (SEC) activities, initiatives and Fiscal Year 2013 budget request during an oversight hearing this Wednesday. SEC Chairman Mary Schapiro will be the only witness at the hearing, where she will likely be questioned about pending rules mandated by the Dodd-Frank… Read more »

By James Rosen Published April 19, 2012 FoxNews.com It is the most powerful federal agency you’ve never heard of -- and lawmakers from both parties on Thursday vowed to keep abreast of its astonishing growth and rein it in, if necessary. The Office of Financial Research, or OFR, was created by the Dodd-Frank financial services overhaul that President Obama signed into law in July… Read more »

America’s $15.7 trillion national debt continues to grow at an alarming rate. Though most economists agree we’re on an unsustainable path, the president and his allies in the Democratic Senate have done nothing about it. They hope to return to their old ways of borrowing trillions without making dollar-for-dollar cuts. Congressional Republicans are trying to impose a bit of… Read more »