Financial Services Committee Chairman Spencer Bachus, who has championed congressional action to reduce executive pay and eliminate bonuses for top executives of Fannie Mae and Freddie Mac, on Friday reacted to FHFA’s new executive compensation program.
“This is a long overdue change and a step in the right direction, and it follows committee passage of a bipartisan bill I’ve sponsored… Read more »
The Subcommittee on Financial Institutions and Consumer Credit will hold field hearings in Texas and Nevada next week.
In Texas, the Subcommittee will hear from financial institutions about the impact new financial regulations are having on their ability to extend credit and stimulate job growth. The Dodd-Frank Act, passed by Congress in 2010, requires regulators to issue 400 new… Read more »
A bipartisan bill designed to jumpstart the economy and job creation won overwhelming approval by the House of Representatives today.
The Jumpstart Our Business Startups Act, or JOBS Act, will make it easier for small companies and entrepreneurs to access capital and investors and go public, which will help grow their businesses, promote stronger economic growth and create jobs. … Read more »
Financial Services Committee Chairman Spencer Bachus on Wednesday spoke on the floor of the House in support of the JOBS Act.
The Jumpstart Our Business Startups (JOBS) Act is comprised of six bipartisan bills that originated in the Financial Services Committee. Chairman Bachus guided all six bills to passage by the Committee.
The Chairman’s statement on the floor appears… Read more »
What happens when you don’t pay your mortgage? Apparently, nothing for a long time due, in part, to government programs and policies that can drag out the foreclosure process for years. The result is a growing backlog of foreclosures and a weak-to-nonexistent recovery in home prices.
That’s what readers of the Washington Post learned over the weekend in a story about a Maryland… Read more »
An electric utility in Texas.
A housing authority in Connecticut.
A water treatment project on the banks of the Potomac River.
What do all three have in common?
They all could be harmed by the Volcker Rule.
While the Volcker Rule is touted as a central part of Washington’s effort to get “tough” on Wall Street, it’s become the latest example of how the Dodd-Frank Act and its… Read more »
Financial Services Committee Chairman Spencer Bachus today made the following statement during a hearing with Federal Reserve Chairman Ben Bernanke on the state of the economy and monetary policy.
"In my opening statement today, I’m going to avoid making any predictions about future events since I do not have a crystal ball, nor do you, Chairman Bernanke. Instead, I’m going… Read more »
Financial Services Committee Chairman Spencer Bachus today praised the introduction of the JOBS Act, a bipartisan package of bills that have previously been approved by the Committee. The JOBS (Jumpstart Our Business Startups) Act was unveiled during a press conference Tuesday afternoon at the U.S. Capitol.
“Since the start of the 112th Congress, the Financial Services Committee… Read more »
The 2,300-page Dodd-Frank Act is a disastrous piece of legislation that is burdening the economy, increasing the size and scope of the Federal bureaucracy, and making the American financial system less transparent and less functional.
That is the conclusion of an in-depth article in The Economist titled “Too Big Not to Fail” that appears in the magazine’s Feb. 18 edition and is part of… Read more »
A U.S. House panel Thursday advanced bipartisan legislation to make it easier for smaller companies to launch initial public offerings, the latest in a series of bills designed to spur job creation.
The House Financial Services Committee voted 54-1 to pass the measure, which aims to improve smaller companies' access to capital by easing certain securities regulations, ranging from audit… Read more »
