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Chairman Bachus Statement On H.R. 1573, To Restore Order To The Dodd-Frank Derivatives Rulemaking Process
May 24, 2011
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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 disadv...
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Garrett Announces Subcommittee Hearing On 7 Bills To End Bailout of Fannie, Freddie
May 23, 2011
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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. T...
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Former Democrat Officials Warn Of Unintended Consequences Of Dodd-Frank
May 17, 2011
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In recent interviews two Democrat officials warned about some of the unintended consequences of the Dodd-Frank Act. These quotes are of particular interest as the Financial Services Committee will consider common-sense legislation next week to promote a functioning derivatives market by giving regul...
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Prediction: NY Dems will be “slip sliding away” from their letter on derivatives
May 17, 2011
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POLITICO’s “Morning Money” reports today that members of NY’s congressional delegation, including several Democrats on the Financial Services Committee, have written regulators to express their concerns that proposed rules governing derivative margin requirements “will inevitably result in significa...
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Committee Maintains Focus on Economy and Jobs
May 13, 2011
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Financial Services Committee Chairman Spencer Bachus announced the Committee’s planned schedule for the weeks of May 23 and May 30. The schedule shows the Committee will continue focusing on policies that encourage economic growth and job creation. “Promoting policies that will strengthen our econom...
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Chairman Bachus Appoints Fincher To Financial Institutions And Oversight Subcommittees
May 12, 2011
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WASHINGTON: Financial Services Committee Chairman Spencer Bachus welcomed Rep. Stephen Fincher (TN) to the Committee today. During the Full Committee mark up, Chairman Bachus offered a resolution appointing Rep. Fincher to the Financial Institutions and Consumer Credit Subcommittee, and the Oversigh...
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FACT CHECK on Ranking Member Barney Frank’s “believe it or not” claims on oil speculation and the CFPB
May 11, 2011
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Claim: During a May 10 appearance on MSNBC, Ranking Member Barney Frank said, “We will be voting this week in the Committee on Financial Services on a Republican bill, believe it or not, which would make it impossible to deal with speculation in the oil industry.” FACT: Don’t believe it because this...
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Capital Markets Subcommittee Approves Bills To Promote Capital Formation And Job Creation
May 4, 2011
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WASHINGTON: As the nation’s economy continues to struggle, the Capital Markets and Government Sponsored Enterprises Subcommittee approved bills on Wednesday that will promote job creation, economic growth and capital formation. The bills now move to the full Financial Services Committee for conside...
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WSJ: Overhaul Grows and Slows
May 2, 2011
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What is 20 times taller than the Statue of Liberty, 15 times longer than "Moby Dick" and would take the average reader more than a month to read, even if you hunkered down with it for 40 hours a week? The answer: The growing paper trail formed by the Dodd-Frank law, passed by Congress last year to g...
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H.R. 1062, the Burdensome Data Collection Relief Act
Apr 26, 2011
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A provision added to the Dodd-Frank Act without any debate requires publicly traded companies to disclose their median annual total compensation of all employees. Two months after the Dodd-Frank Act was signed into law, the Financial Services Committee received testimony about the enormous burden a...
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