Sen. Kaufman: From “Aye” on Dodd-Frank to “Will Not Protect Us” in Just 2 Years
For someone who voted for the Dodd-Frank Act, former Senator Ted Kaufman (D-Del.) sure doesn’t have many nice things to say about the massive 2,300-page law.
Marking the two-year anniversary of President Obama’s signing of the Dodd-Frank Act, Senator Kaufman used a guest column in The Hill to level… Read more »
The Financial Services Committee has taken note of former Senator Ted Kaufman’s recent tough criticisms of the Dodd-Frank Act.
The Committee posted on its blog “The Bottom Line” (found at republicans-financialservices.house.gov) that Kaufman, who voted for Dodd-Frank, now acknowledges the law does not end “too big to fail” as promised, does not end taxpayer bailouts as promised, and… Read more »
The House of Representatives is expected to vote tomorrow on a bill introduced by Rep. Ron Paul, Chairman of the Financial Services Subcommittee on Domestic Monetary Policy and Technology, to authorize a full audit of the Federal Reserve System.
H.R. 459 removes existing restrictions on the Government Accountability Office’s ability to fully audit the Fed and calls for an audit to be… Read more »
A subcommittee will mark the 10th anniversary of passage of the Sarbanes-Oxley Act by holding a hearing on Thursday to examine the law’s benefits and burdens on businesses and evaluate the need for reforms.
“As we approach the 10-year anniversary of the Sarbanes-Oxley Act, the Capital Markets Subcommittee will examine the impact the law has had on our nation’s public companies and the… Read more »
Financial Services Committee Chairman Spencer Bachus released the following statement on Friday to mark the second anniversary of the Dodd-Frank Act becoming law:
“When President Obama signed Dodd-Frank into law two years ago, he promised it would provide ‘certainty to everyone from bankers to farmers to business owners to consumers.’ Today we look at the sad shape of our economy… Read more »
Financial Services Committee Chairman Spencer Bachus will deliver the following statement at today's committee hearing with Federal Reserve Chairman Ben Bernanke on the state of the U.S. economy:
"We’re honored to have Federal Reserve Chairman Ben Bernanke before us today. Thank you, Chairman Bernanke, for appearing before our Committee once again and for your… Read more »
Financial Services Committee Chairman Spencer Bachus on Tuesday announced the Committee’s schedule of upcoming hearings.
The Committee’s schedule remains tentative and will depend upon witness availability and other factors that may require changes. Therefore, each meeting will become final only when the official notice is distributed. Additional information about each… Read more »
A subcommittee hearing on Thursday will examine how the consequences of the Dodd-Frank Act are felt far from Wall Street at a hearing to examine the law’s impact on families, communities and small businesses.
Rep. Randy Neugebauer, chairman of the Financial Services Subcommittee on Oversight and Investigations, said, “The Dodd-Frank Act was supposed to rein in risky bets at the biggest… Read more »
Financial Services Committee launches online survey to demonstrate how Dodd-Frank impacts our daily lives
Supporters of the Dodd-Frank Act promoted it to the American people as “Wall Street reform.” But in reality, the true impact of this mammoth 2,300-page law is felt far from Wall Street.
With the law’s second anniversary approaching later this month, the Financial Services… Read more »
Financial Services Committee Chairman Spencer Bachus made the following statement during a Subcommittee hearing on the impact of the Dodd-Frank Act on jobs, the economy, and consumers.
"Dodd-Frank was enacted in response to the financial crisis of 2008. The law was not intended to hinder the ability of American businesses to utilize the capital markets or to unduly hamper the… Read more »