News List

The House of Representatives approved two bills today to modernize outdated regulations by the Securities and Exchange Commission (SEC) and make it easier for small businesses to access capital so they can invest and hire. Access to capital is essential for entrepreneurs and small companies to grow their businesses and hire workers. Both bills passed the House with strong bipartisan… Read more »

With 14 million Americans out of work and the Obama Administration issuing regulations at a rate of one new rule every 2 hours and 20 minutes, it’s a question that must be asked.  For the Obama Administration, the answer to the question is a resounding “No!” Dr. Jan Eberly, Assistant Secretary for Economic Policy at the Treasury Department, writes in a blog post that the massive… Read more »

The Financial Services Committee approved four bills today that remove regulatory obstacles to capital formation so small businesses can grow and create jobs. The bills, approved with bipartisan support, change and update Securities and Exchange Commission (SEC) regulations to promote, rather than hinder, small business access to equity financing. As a result of the economic crisis… Read more »

The Consumer Financial Protection Bureau would be strengthened – not weakened – if its leadership structure were changed to a bipartisan commission, argues Roland E. Brandel in the American Banker. Calling the vesting of the bureau’s enormous power in a single person a “serious flaw,” the highly acclaimed consumer financial services lawyer writes: “A single director, no matter how… Read more »

The Financial Services Committee will vote on a package of bills next week that will reduce Securities and Exchange Commission (SEC) regulatory barriers to small business growth and job creation. All five bills the Committee will mark up on Wednesday represent an opportunity for Republicans and Democrats to find “common ground” on ways to create jobs, said Chairman Spencer… Read more »

The Financial Services Committee today released its planned schedule for the week of October 24. Witnesses for each hearing will be announced at later dates. All hearings will take place in room 2128 Rayburn. Tuesday, October 25: The International Monetary Policy and Trade Subcommittee will hold a hearing on the Eurozone crisis and implications for the United States at 10… Read more »

Obama Administration officials are frantically trying to convince the public that the 400 new regulations tucked inside the 2,300-page Dodd-Frank Act are having absolutely no impact on small town and mid-sized banks.  None.  Whatsoever.  So just move on, OK? Nothing to see here. But, what are community bankers saying? A much different story in congressional testimony and… Read more »

Republicans on the Financial Services Committee are urging the deficit reduction “supercommittee” to consider not only ways to cut spending but also ideas that will jumpstart the economy. In a letter signed by GOP members on the Financial Services Committee, the Republicans lay out detailed recommendations to reduce expenditures in programs under the Committee’s jurisdiction.  They… Read more »

Treasury Secretary Timothy Geithner offered a revealing insight into the Obama Administration’s attitude about regulations on Thursday when he testified before the Financial Services Committee. After Oversight and Investigations Subcommittee Chairman Randy Neugebauer told the Secretary he is worried about the cumulative impact that the Dodd-Frank Act’s 400 regulations will have on… Read more »

A proposal to modernize and reform the Section 8 housing voucher program will be discussed at a subcommittee hearing on Thursday. On June 16, the Insurance, Housing and Community Opportunity Subcommittee released a discussion draft of legislation to streamline the operations and improve the effectiveness of the Section 8 program. During the hearing on Thursday, Subcommittee members… Read more »