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Democrats Vote To "Trick And Trap" Small Banks With An Illusionary Exemption
Oct 15, 2009
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- During consideration of H.R. 3126, legislation to create a Financial Product Approval Agency, Democrats on the House Financial Services Committee rejected an amendment offered by Congressman Jeb Hensarling (R-TX) that would have offered real exemptions for small banks and credit unions from the F...
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Democrats Vote To Expand Government, Increase Taxes, And Prolong The Economic Downturn
Oct 15, 2009
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- During consideration of H.R. 3126, legislation to establish a Financial Product Approval Agency, Democrats on the House Financial Services Committee voted against an amendment offered by Congresswoman Judy Biggert (R-IL) that offers real consumer protection without creating a new government burea...
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Bachus Statement On Miller's ‘Tricks and Traps' Amendment
Oct 15, 2009
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- Congressman Spencer Bachus, the top Republican on the Financial Services Committee, made the following statement today during consideration of the ‘tricks and traps' amendment offered by Rep. Brad Miller. "Mr. Chairman, the amendment purports to carveout small institutions from the regulatory dra...
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Bachus Statement on Committee Passage of Derivatives Legislation
Oct 15, 2009
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Bachus Amendments Offered To Derivatives Legislation Accepted By The Committee -Ranking Member Spencer Bachus made the following statement today after the Committee passed H.R. 3795, the Democrats' derivatives legislation. During the Full Committee mark up of H.R. 3795, Ranking Member Bachus offere...
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Bachus Statement On Financial Services Product Approval Agency
Oct 9, 2009
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Congressman Spencer Bachus, the top Republican on the Financial Services Committee, made the following statement today regarding the President's speech on the proposed Financial Services Product Approval Agency. "The Obama Administration and House Democrats have proposed creating a massive new gove...
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Bachus Introduces Legislation To Prevent TARP Recipients From Funding ACORN
Oct 1, 2009
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- Ranking Member Spencer Bachus, the top Republican on the Financial Services Committee, introduced legislation today to prohibit financial institutions receiving assistance under the Troubled Asset Relief Program (TARP) from funding the Association of Community Organizations for Reform Now (ACORN)...
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Bachus, Issa, Smith Request Information Regarding Financial Institutions Funding Of ACORN Activity
Sep 25, 2009
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- House Financial Services Committee Ranking Member Spencer Bachus (R-AL), Oversight and Government Reform Committee Ranking Member Darrell Issa (R-CA) and Judiciary Committee Ranking Member Lamar Smith (R-TX) sent a letter today to financial institutions requesting full and complete disclosure of ...
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Republicans Call For Comprehensive Audit Of ACORN's Use of Federal Funds
Sep 21, 2009
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-Financial Services Committee Republicans today called on HUD's Inspector General Kenneth Donohue to immediately conduct a thorough audit of the Association of Community Organizations for Reform Now's (ACORN) use of federal funds. "We are writing to you to express our serious concerns that the Asso...
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Bachus Statement on House Vote To Defund ACORN
Sep 17, 2009
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Financial Services Committee Ranking Member Spencer Bachus issued the following statement today after the House of Representatives voted to eliminate federal funding for ACORN, a far left activist group linked to voter registration fraud and other potential criminal activities. "Today's successful ...
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Bachus Introduces Bipartisan Legislation To Ensure Independent Management, Exit Strategy From TARP Investments
Sep 17, 2009
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Ranking Member Bachus said, "We have a duty to ensure the government's investment in companies is temporary and the return for taxpayers is appropriate. Political interference should have no role in the government's management of these assets because it provides no benefit to the taxpayers. That is...
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