News List

Five bills that would make it easier for small companies to raise money and create jobs will be on the agenda Wednesday during a hearing of the Capital Markets and Government Sponsored Enterprises Subcommittee. Raising capital is necessary for companies to create jobs, and the Financial Services Committee has focused its attention on promoting capital formation since the beginning of the… Read more »

The Financial Services Committee today released an updated schedule of the hearings it has planned through mid-October. All hearings will take place in Room 2128 of the Rayburn House Office Building. Wednesday, September 21: The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing at 10 a.m. to discuss proposals to promote small business capital… Read more »

Financial Services Committee Chairman Spencer Bachus on Tuesday announced the committee’s schedule of hearings for the week of September 19.  All hearings will take place in room 2128 of the Rayburn House Office Building. Wednesday, September 21: The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing at 10 a.m. on promoting small business… Read more »

The SEC’s budget is three times larger than it was 10 years ago. Is its performance three times better? Read more »

The Financial Services Committee will hold a hearing on Thursday to examine reforms needed to improve accountability and the effectiveness of the Securities and Exchange Commission. While the agency experienced a tripling of its budget from 2000 to 2010, shortcomings and failures of the SEC came to light as the financial crisis unfolded, including the agency’s failure to detect the… Read more »

With a growing regulatory burden weighing our economy down, President Obama’s executive order #13563 issued in January was welcomed news.   That executive order requires government agencies to conduct cost-benefit analyses to ensure that the benefits of any rulemaking outweigh the costs.  It also requires that both new and existing regulations be accessible, consistent,… Read more »

Financial Services Committee Chairman Spencer Bachus made the following statement today during a Subcommittee hearing entitled “Ensuring Appropriate Regulatory Oversight of Broker-Dealers and Legislative Proposals to Improve Investment Adviser Oversight." "Thank you, Chairman Garrett, for convening this important hearing to examine Sections 913 and 914 of the Dodd-Frank… Read more »

WASHINGTON -The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will hold a hearing on Wednesday to examine the cyber security threat to the nation’s financial sector. During the hearing, the Subcommittee will examine the threats hackers pose to financial institutions and government agencies, the methods used by hackers to breach… Read more »

The Capital Markets and Government Sponsored Enterprises Subcommittee, chaired by Rep. Scott Garrett, will convene for a hearing to evaluate the need for a new standard of care for broker-dealers and a legislative proposal aimed at improving the oversight of  investment advisers. Section 913 of the Dodd-Frank Act authorized but did not require the Securities and Exchange… Read more »

By Ben Weyl, CQ Staff As part of his new jobs package, President Obama endorsed a GOP proposal that would exempt smaller companies that are planning to sell public shares from registering with the Securities and Exchange Commission. In his Thursday speech, Obama said his plan would “cut away the red tape that prevents too many rapidly growing startup companies from raising capital and… Read more »