News List

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 »

The Financial Services Committee on Thursday approved four bills aimed at bolstering job creation, capital markets and the economy. “For more than a year now the Committee has led efforts to get Americans back to work by removing government barriers to a recovery. Our jobs agenda continued today with four additional bills that empower job creators to invest, hire and expand,” said… Read more »

A Financial Services subcommittee hearing on Wednesday will mark the first time Congress examines spending by the Consumer Financial Protection Bureau (CFPB). The CFPB, which was created by the Dodd-Frank Act, is specifically designed to evade congressional oversight.  The congressional appropriations process is the most time-tested method for monitoring the effectiveness of… Read more »

By: Rep. Jeb Hensarling Politico February 12, 2012 09:11 PM EST As President Barack Obama continues his campaign for a second term, Americans must keep in mind that his major policy visions have already been legislated into reality — and reality has… Read more »