News List

Ranking Member Spencer Bachus signed the following letter to Securities and Exchange Commission Chairman Christopher Cox regarding Moody's Investor Service. May 22, 2008   The Honorable Christopher Cox Chairman U.S. Securities and Exchange Commission 100 F Street, NE, Room 10700 Washington, DC 20549 Dear Chairman Cox: We are writing to ask the Commission to conduct a… Read more »

House Financial Services Committee Ranking Member Spencer Bachus applauded the inclusion of a national licensing system for mortgage originators in GSE reform legislation approved by the Senate Banking Committee today. Bachus proposed a national registry to enhance accountability and professionalism in the mortgage origination industry in legislation (H.R. 3012) he first introduced… Read more »

"HUD's decision to give the public 30 additional days to comment on a proposed federal rule to simplify the settlement process for homebuyers is an important, constructive and welcomed step. "Last month, 11 Republican Committee Members joined me in sending a letter to HUD asking that the public comment period for a proposed rule reforming Real Estate Settlement Procedures Act… Read more »

On April 25th, House Financial Services Committee Ranking Member Spencer Bachus (R-AL) and Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises Ranking Member Deborah Pryce (R-OH) sent a letter to Securities and Exchange Commission Chairman Christopher Cox regarding the loss of liquidity in the market for auction rate preferred securities. In their letter,… Read more »

House Financial Services Committee Ranking Member Spencer Bachus, along with Reps. Shelley Moore Capito and Judy Biggert, has introduced Republican legislation to address recent instability in the housing market. The goal of the Bachus bill is to complement current public and private efforts to help struggling homeowners afraid of losing their homes. At the same time, Bachus is most… Read more »

House Financial Services Committee Ranking Member Spencer Bachus today released the following statement on the "best practices" recommendations for investors and asset managers contained in reports issued by two private sector advisory committees to the President's Working Group on Financial Markets. "The President's Working Group on Financial Markets is to be commended… Read more »