News List

  • Subcommittee to Review Broker-Dealer Standard of Care and Reforms to Improve Investment Adviser Oversight
    Sep 12, 2011 - The Capital Markets and Government Sponsored Enterprises Subcommittee, chaired by Rep. Scott Garrett, will convene for a hearing to evaluate the need for a new standard of care for broker-dealers and a legislative proposal aimed at improving the oversight of investment advisers. Section 913 of the D... More
  • New York Field Hearing Will Focus On Building A Robust Private Mortgage Market Without Taxpayer Guarantees
    Sep 1, 2011 - The Financial Services Committee’s ongoing efforts to build a stronger housing finance system free of taxpayer guarantees will bring several of its members to New York City next week for a subcommittee field hearing. The Capital Markets and Government Sponsored Enterprises Subcommittee, which is spe... More
  • The Need for Fundamental S.E.C. Reform
    Aug 26, 2011 - By David Hirschmann Earlier this month, former S.E.C Chairman Arthur Levitt published an Op-Ed piece in The New York Times, entitled “Don’t Gut the S.E.C.” Mr. Levitt sees only two approaches to regulatory reform when it comes to his former agency: on the one hand, retaining the status quo, or, on t... More
  • Financial Services Committee Faces Busy Agenda in September
    Aug 26, 2011 - WASHINGTON - The Financial Services Committee is facing a busy first half of September with 11 hearings over the course of seven days on topics ranging from terrorist financing to reform of the Securities and Exchange Commission. On Friday, Chairman Spencer Bachus announced the committee’s tentative... More
  • Financial Services Committee Chairman Bachus Proposing “SEC Modernization Act”
    Aug 2, 2011 - Financial Services Committee Chairman Spencer Bachus is drafting legislation to restructure the Securities and Exchange Commission and implement reforms recommended by the SEC’s Inspector General, the Government Accountability Office and a consultant’s report mandated by the Dodd-Frank Act. Chairman... More
  • Fox Business: The New Guys in Charge
    Jul 27, 2011 - By Gerri Willis Published July 27, 2011 | FOXBusiness Meet your new bosses. Financial bosses that is. There's Deven Sharma, the president of Standard & Poor's, and Michael Rowan, a global managing director of Moody's Investors Service. Both testified today in front of the House Committee on Financia... More
  • Oversight Subcommittee Hearing Focuses on Credit Rating Agencies
    Jul 26, 2011 - As the nation’s major credit rating companies threaten to downgrade the credit rating of the United States over the swelling size of the national debt, the Oversight and Investigations Subcommittee will meet on Wednesday to examine the credit rating industry and the impact of Dodd-Frank Act changes ... More
  • Committee Acts To Eliminate Provision In Dodd-Frank That Shut Down Segment Of Economy
    Jul 20, 2011 - During a markup today, the Financial Services Committee continued its effort to eliminate some of the job destroying provisions in the Dodd-Frank Act. In approving H.R. 1539, introduced by Rep. Steve Stivers, the Committee repealed Section 939G of the Dodd-Frank Act, which completely shut down the a... More
  • Oversight Of Mutual Funds On Capital Markets Subcommittee Agenda
    Jun 29, 2011 - The Capital Markets and Government Sponsored Enterprises Subcommittee gathered on Friday, June 24th for a hearing titled, "Oversight of the Mutual Fund Industry: Ensuring Market Stability and Investor Confidence". Subcommittee Chairman Scott Garrett stated the intent of the hearing was to “to focus... More
  • Schweikert Bill Enabling Small Companies To Access Capital Markets Approved By Committee
    Jun 22, 2011 - The Financial Services Committee today approved the Small Company Capital Formation Act (H.R. 1070) introduced by Rep. David Schweikert. The bill makes it easier for small businesses to access capital, which will permit greater investment in these companies and will allow them to grow and create new... More