News List

The bipartisan JOBS Act arrives just in time to help small, community banks as they are “struggling to stay profitable in a period of low interest rates, stagnant lending and rising compliance costs from other new regulations,” the Wall Street Journal reports. The JOBS (Jumpstart Our Business Startups) Act originated in the Financial Services Committee and is the culmination of an… Read more »

The Financial Services Committee released its hearing schedule for the month of May on Friday. 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 hearing, as well as a list of… Read more »

By Joe Brettell Published April 26, 2012 FoxNews.com President Obama and Congressional Democrats have shifted into full campaign mode, using every taxpayer funded campaign stop to raise money and continue their efforts to incite class warfare around the country. While these intentionally divisive methods seem at odds with the president’s 2008 message of “hope and change,” it makes… Read more »

Financial Services Committee Chairman Spencer Bachus and Rep. Carolyn McCarthy, a member of the Committee, introduced bipartisan legislation today to create more efficient and effective oversight of the retail investment advisory industry. Chairman Bachus and Rep. McCarthy introduced their proposal in response to a Securities and Exchange Commission (SEC) study that revealed the agency… Read more »

The Capital Markets and Government Sponsored Enterprises Subcommittee will review the Securities and Exchange Commission’s (SEC) activities, initiatives and Fiscal Year 2013 budget request during an oversight hearing this Wednesday. SEC Chairman Mary Schapiro will be the only witness at the hearing, where she will likely be questioned about pending rules mandated by the Dodd-Frank… Read more »

By James Rosen Published April 19, 2012 FoxNews.com It is the most powerful federal agency you’ve never heard of -- and lawmakers from both parties on Thursday vowed to keep abreast of its astonishing growth and rein it in, if necessary. The Office of Financial Research, or OFR, was created by the Dodd-Frank financial services overhaul that President Obama signed into law in July… Read more »

America’s $15.7 trillion national debt continues to grow at an alarming rate. Though most economists agree we’re on an unsustainable path, the president and his allies in the Democratic Senate have done nothing about it. They hope to return to their old ways of borrowing trillions without making dollar-for-dollar cuts. Congressional Republicans are trying to impose a bit of… Read more »

The Financial Services Committee today approved legislation that cuts the deficit by more than $35 billion. The Committee was instructed by the House last month to approve budget savings of $29.8 billion over the next 10 years in programs and agencies under its jurisdiction.  The Committee went above and beyond that deficit reduction target by more than $5 billion. “Our nation… Read more »

The Financial Services Committee on Tuesday unveiled the Dodd-Frank Burden Tracker, an online resource to help the public keep track of all the new government rules and red tape required by the Dodd-Frank Act. Dodd-Frank, passed by Congress in 2010, mandates that government regulators write over 400 new rules and requirements that will be imposed on the private sector.  Since… Read more »

The Financial Services Committee will vote on legislation Wednesday that reduces the deficit by $35 billion to help avert what the Obama administration calls “catastrophic” automatic spending cuts to national security. “Our deficits and debt are a threat to both our economic security and our national security.  Congress has an obligation to make tough choices that cut spending,… Read more »