Continuing the Committee’s focus on promoting job creation, improving the economy and reforming the nation’s housing system, Financial Services Committee Chairman Spencer Bachus announced the planned Committee schedule for the remainder of June.
From the start of the 112th Congress, under Chairman Bachus’ leadership, the Committee has focused on promoting policies that… Read more »
June 3, 2011
Because we’re from the government and we’re here to help you make the ‘correct’ decisions about your life.
“While the academics may suggest giving consumers a ’nudge,’ by the time Washington gets finished, this nudge has become a shove, if not a punch in face.”
Read the full story… Read more »
By Rep. Blaine Luetkemeyer
Roll Call
June 2, 2011
Our country still has a long way to go to get our nation’s fiscal house in order, but the new tone of the debate is a step in the right direction.
The economic woes of the United States will not be solved in one budget alone. Our fiscal mess took years of uncontrollable spending by both parties, and as a nation we must make… Read more »
Recently, Democrats have claimed in speeches and media interviews that the Dodd-Frank Act ended “too big to fail” and the bailouts. However, the facts show the Dodd-Frank Act sets up a permanent bailout authority that will continue to privatize profits, and socialize losses.
The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released a report in January 2011 in… Read more »
The International Monetary Policy and Trade Subcommittee, chaired by Rep. Gary G. Miller, today unanimously approved legislation to help U.S. companies create jobs by reauthorizing the Export–Import Bank for four years. The Securing American Jobs Through Exports Act supports the exporting of U.S. goods and services while instituting new transparency measures to protect taxpayer… Read more »
John Solomon, a former Associated Press reporter who is now at the Center for Public Integrity, recently wrote about an issue for the Daily Beast that deserves more attention than it gets:
Over the last two years, the Obama administration has approved a
whopping $34.4 million in compensation to the top six executives of
the financially troubled Fannie Mae and Freddie Mac… Read more »
Financial Services Committee Chairman Spencer Bachus made the following statement after meeting with President Obama and House Republicans at the White House this morning to discuss deficit reduction:
“Several times during the meeting today, the President said he will not submit a plan to reduce the deficit that could be verified by the Congressional Budget Office. … Read more »
Financial Services Committee Chairman Spencer Bachus released the following statement regarding the Domestic Monetary Policy Subcommittee hearing on the Federal Reserve data disclosure.
“This is an important hearing on the use of the Federal Reserve’s emergency lending facilities during the financial crisis. This hearing touches on an important issue: balancing the independence… Read more »
By: Rep. Spencer Bachus
May 27, 2011
Because the Dodd-Frank Act places so much authority — with so little accountability — in the hands of the director of the new Consumer Financial Protection Bureau, the law requires that this administrator be nominated by the… Read more »
The Obama administration's approval of $34.4 million for six top officials, with little or no market guidance, is raising new questions about the inner workings of the failing mortgage giants. John Solomon and Julie Vorman, of the Center for Public Integrity's iWatch News, report. Read more »
