News List

“If we create a prohibitively expensive and rigid climate for the use and trading of derivatives in the United States, the market could very well shift overseas, and once markets leave they will not return.  Undoubtedly, foreign markets are closely examining how U.S. regulators are implementing Dodd-Frank and stand ready to create a… Read more »

Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today the Subcommittee will hold a hearing entitled, “Federal Reserve Lending Disclosure: FOIA, Dodd-Frank, and the Data Dump.”   The hearing will explore the information disclosed by the Federal Reserve in compliance with the Dodd-Frank Act and the Freedom of Information Act regarding its emergency… Read more »

US futures regulators warned of splits in derivatives rules between the US and Europe and told lawmakers that budgetary restraints would leave them unable to enforce new laws. Read the story here: http://www.ft.com/intl/cms/s/0/4dea6cdc-8701-11e0-92df-00144feabdc0.html?ftcamp=rss#axzz1NTBvW0Kz Read more »

WASHINGTON: The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will convene for a hearing with Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair. The hearing will take place on Thursday, May 26th at 9:30 a.m. in room 2128 Rayburn. The hearing, entitled “FDIC Oversight: Examining and Evaluating the Role of the Regulator… Read more »

The Financial Services Committee, chaired by Rep. Spencer Bachus, approved legislation today to give regulators additional time to write and review the rules governing derivatives.  H.R. 1573, approved by a vote of 30 to 24, addresses concerns raised by both Republicans and Democrats that the proposed Dodd-Frank rules governing derivatives could put U.S. firms at a competitive… Read more »

Financial Services Committee Chairman Spencer Bachus made the following statement today during consideration of H.R. 1573, legislation to restore order to the Dodd-Frank derivatives rulemaking process, promote regulatory coordination, and ensure the U.S. economy is not placed at a competitive disadvantage with other countries   “The Committee meets this morning to markup important… Read more »

Insurance, Housing and Community Opportunity Subcommittee Chairman Judy Biggert announced today the Subcommittee will meet for a legislative hearing on reforming the Federal Housing Administration, the Rural Housing Service, and Ginnie Mae. The hearing will take place on Wednesday, May 25 at 10 a.m. in room 2128 Rayburn. The hearing is part of the Financial Services Committee’s ongoing… Read more »

Capital Markets and Government Sponsored Enterprises Subcommittee Chairman Scott Garrett announced today the Subcommittee will convene for a hearing entitled “Transparency, Transition and Taxpayer Protection: More Steps to End the GSE Bailout” on Wednesday, May 25th at 2 p.m. in room 2128 Rayburn. The hearing continues the Financial Services Committee’s ongoing effort to end the… Read more »

WASHINGTON: Financial Services Committee Chairman Spencer Bachus announced today that the Committee will hold a hearing next week on allegations of mismanagement and waste in the HOME Investment Partnership Program administered by the Department of Housing and Urban Development (HUD). HOME is HUD’s largest federal block grant program for affordable housing projects.  A recent series… Read more »

The International Monetary Policy and Trade Subcommittee, chaired by Rep. Gary G. Miller, will hold a hearing on Tuesday, May 24 to review legislation reauthorizing the Export–Import Bank.  The Ex-Im Bank’s charter is set to expire on September 30, 2011. The hearing will take place in room 2128 Rayburn at 2:00 p.m. Subcommittee Chairman Miller said, “To get our economy back on… Read more »