News List

  • H.R. 1539, the Asset-Backed Market Stabilization Act
    Apr 26, 2011 - The Dodd-Frank Act included a liability provision for credit rating agencies if their ratings were determined to be inaccurate. Within days of the Dodd-Frank Act becoming law, this liability provision temporarily shut down the asset-backed securities market, forcing the Securities and Exchange Commi... More
  • H.R. 1082, the Small Business Capital Access and Job Preservation Act
    Apr 26, 2011 - The Financial Services Committee has received testimony regarding the role private equity firms play in preserving existing jobs and creating new ones by providing capital to struggling and growing companies. The Dodd-Frank Act requires most advisers to private investment funds to register with the ... More
  • H.R. 1610, the Business Risk Mitigation and Price Stabilization Act
    Apr 26, 2011 - The Dodd-Frank Act requires derivatives transactions to be cleared through a registered clearing house, and exempts swaps and security based swaps from this clearing requirement if one of the counterparties is not a financial entity. The Business Risk Mitigation and Price Stabilization Act exempts t... More
  • H.R. 1573
    Apr 26, 2011 - Representatives Spencer Bachus (R-AL), Frank Lucas (R-OK), K. Michael Conaway (R-TX), and Scott Garrett (R-NJ) introduced H.R. 1573, which would extend the deadline by 18 months for implementing Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill gives the regulatory... More
  • H.R. 1182, the GSE Bailout Elimination and Taxpayer Protection Act
    Apr 26, 2011 - H.R. 1182 ends the taxpayer-funded bailouts of Fannie Mae and Freddie Mac and put these two companies on a path towards privatization. The failures of the two government-sponsored enterprises (GSEs) have directly cost taxpayers more than $150 billion. H.R. 1182 is sponsored by Rep. Jeb Hensarling. More
  • Chairman Bachus: Speed of Dodd-Frank Rules “No Excuse” to Limit Public Comment
    Apr 19, 2011 - WASHINGTON-- Financial Services Committee Chairman Spencer Bachus issued the following comment in response to Deputy Treasury Secretary Neal Wolin’s defense of the rapid pace of the Dodd-Frank Act rulemaking process. In early March, all Republican members of the Committee wrote to regulators to expr... More
  • H.R. 1223, the GSE Credit Risk Equitable Treatment Act
    Apr 13, 2011 - The legislation, introduced by Capital Markets Subcommittee Chairman Scott Garrett, helps clarify the risk retention rules required under Section 941 of the Dodd-Frank Act to make clear that Fannie Mae and Freddie Mac will be held to the same standards as any other secondary mortgage market particip... More
  • H.R. 1221, the Equity In Government Compensation Act
    Apr 13, 2011 - The legislation, introduced by Chairman Bachus, suspends the compensation packages for executives of Fannie Mae and Freddie Mac and places all other employees on the General Schedule pay scale. Since September 2008 when Fannie Mae and Freddie Mac entered Federal conservatorships, the Federal Housing... More
  • H.R. 1224, the Portfolio Risk Reduction Act
    Apr 13, 2011 - The legislation, introduced by Financial Services Committee Vice Chairman Jeb Hensarling, accelerates and formalizes the reduction in the size of the GSEs’ portfolios. As of January 2011, Fannie Mae retained portfolio was $777.059 billion, and Freddie Mac retained portfolio was $694.846 billion. The... More
  • H.R. 1222, the GSE Subsidy Elimination Act
    Apr 13, 2011 - The legislation, introduced by Oversight and Investigations Subcommittee Chairman Randy Neugebauer, requires that FHFA gradually increase guarantee fees at Fannie Mae and Freddie Mac over the next two years. Under the legislation, the FHFA will consider the market conditions in raising the GSEs’ gua... More