News List

  • Senate Should Follow House’s Lead on Terminating Failed Program
    Sep 22, 2011 - The Washington Post reports today on another failure of one of the Obama Administration’s foreclosure mitigation programs. In an article headlined “HUD program to help struggling homeowners falling short,” the Post notes this is “the latest in a series of efforts that has left funds allocated by Con... More
  • CU Times: Bachus Criticizes Excessive Regulation: Onsite Coverage
    Sep 21, 2011 - By Claude R. Marx WASHINGTON — House Financial Services Committee Chairman Spencer Bachus said Tuesday an overabundance of regulation is hampering the nation’s economic recovery. “Regulation is killing America,’’ the Alabama Republican told NAFCU’s Congressional Caucus at the Mayflower Hotel. He sai... More
  • During Caucus, Bachus, McHenry, West decry excessive regulation
    Sep 21, 2011 - By NAFCU September 21, 2011 Regulatory overreach was a recurring theme during NAFCU’s Congressional Caucus Tuesday, with House Financial Services Committee Chairman Spencer Bachus, R-Ala., urging attendees to tell lawmakers how credit unions are being impacted. To illustrate the excessive number of ... More
  • Chairman Bachus Urges Support for Bills to Break Down Barriers to Capital Formation
    Sep 21, 2011 - Financial Services Committee Chairman Spencer Bachus today issued the following statement about the Capital Markets and Government Sponsored Enterprises Subcommittee’s hearing on small business capital formation and job creation: "Today’s hearing continues the Committee’s ongoing efforts to promote ... More
  • McCarthy: Enterprise Is Strangled by Investment Rules
    Sep 21, 2011 - NOTE: Today, the Capital Markets and Government Sponsored Enterprises Committee held a legislative hearing on H.R. 2940, and four additional proposals, aimed at promoting small business capital formation by removing government roadblocks. By Rep. Kevin McCarthy Special to Roll Call Sept. 21, 2011, M... More
  • WSJ Editorial: Barney Frank's Fed Packing Plan
    Sep 21, 2011 - A proposal to punish the hard-money regional bank presidents. Among Washington's modern ironies is that liberals think a Federal Reserve that is increasingly a creature of the White House and Congress has too much independence. So along comes Barney Frank with a plan to make the central bank even mo... More
  • Witnesses Express Support For Schweikert’s Proposal To Help Small Businesses Obtain Financing
    Sep 20, 2011 - Tomorrow, the Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing on five proposals designed to help small businesses access the capital markets for the financing they need to grow their companies and hire more workers. This hearing continues the Full Committee’s on... More
  • Chairman Bachus Comments on Latest Justice Department Action Against Full Tilt Poker
    Sep 20, 2011 - Financial Services Committee Chairman Spencer Bachus made the following comment on Tuesday about the Justice Department accusing Full Tilt Poker, an Internet gambling company, of being an illegal Ponzi scheme: “For years I have said these off-shore Internet gambling sites are criminal enterprises. I... More
  • Congressional Investigators Statement On SEC IG’s Referral of Madoff Ethics Failure to Justice Department
    Sep 20, 2011 - Leading Congressional investigators on the House Oversight and Government Reform and House Financial Services Committees today released the following statements on the decision of the Securities and Exchange Commission (SEC) Inspector General to refer the matter of the ethics failure and conflict of... More
  • Joint Hearing to Delve Into SEC’s Handling Of Conflicts Of Interest
    Sep 20, 2011 - Two congressional subcommittees will hold a joint hearing on Thursday to examine how the Securities and Exchange Commission (SEC) handled potential conflicts of interest involving David Becker, a former SEC general counsel who financially benefited from the Madoff Ponzi scheme. The joint hearing wil... More