News List

:   Financial Services Committee Chairman Spencer Bachus made the following statement today during a Full Committee hearing entitled, “Promoting Economic Recovery and Job Creation: The Road Forward.” Today, we begin to focus on the number one issue that Americans want Congress to address: jobs and the economy. We begin this work faced with an oncoming rush of more… Read more »

:  Financial Services Committee Chairman Spencer Bachus made the following statement regarding the SIGTARP quarterly report to Congress which found the Treasury has not carried out recommendations for the Small Business Lending Fund (SBLF): “There is no justification for Treasury’s failure to implement sensible recommendations suggested by SIGTARP that go a long way to… Read more »

:   Financial Services Committee Chairman Spencer Bachus made the following statement regarding the State of the Union address:   “The American people know that the debt is a huge roadblock to economic recovery.  Spending cuts must come first and they must be significant.  ‘Targeted investment’ is a glorified phrase for more spending.  During… Read more »

:   Financial Services Committee Chairman Spencer Bachus today announced the tentative hearing schedule for the next two months.   Chairman Bachus said, “The Committee will be busy this year addressing the issues of concern to Americans: jobs, economic activity, Fannie and Freddie reform, and implementation of Dodd-Frank. We will work to ensure that taxpayers are… Read more »

:  Financial Services Committee Chairman Spencer Bachus made the following statement today during the Committee’s organizational meeting: “Welcome to the organizational meeting of the Financial Services Committee for the 112th Congress.  It is a tremendous honor to serve as Chairman of this committee, and I am grateful to my Republican colleagues for giving me… Read more »

:  Financial Services Committee Chairman Spencer Bachus today made the following statement regarding a Democrat press conference on SEC funding.   “The Financial Services Committee will closely examine the Dodd-Frank mandated SEC organizational reform study and the SEC’s formal budget request to identify wasteful, inefficient and outdated regulatory programs and… Read more »

:  Financial Services Committee Chairman Spencer Bachus announced today the Committee will convene its first hearing of the 112th Congress to explore ways to promote economic activity and foster job creation.  The hearing will be held on Wednesday, January 26 at 10 am in room 2128 Rayburn. Chairman Bachus said, “Our small businesses need certainty from Washington in… Read more »

: Financial Services Committee Chairman Spencer Bachus (AL) announced today the Subcommittee assignments for Republican Members. Chairman Bachus said, “Committee Republicans are ready to work together to fulfill our promise to Americans by protecting taxpayers, ending the bailouts, and ensuring government policies do not hinder job creation. Our Republican Members are very… Read more »

: Financial Services Committee Chairman Spencer Bachus made the following statement regarding the report by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP): “House Republicans said all along that the greatest weakness of the Democrats' financial regulation bill was that far from ending ‘too big to fail,’ it wrote that troubling doctrine… Read more »

: Financial Services Committee Chairman Spencer Bachus made the following remarks today at the FDIC conference on small business lending: “Thank you for that kind introduction, Chairman Bair, and for organizing this forum with a variety of stakeholders to tackle the question of how we can work together to increase small business lending.   “As we address this… Read more »