News List

  • Bachus: America Cannot Afford A Sequel To The Democrat's Stimulus Bill
    Feb 23, 2010 - -Financial Services Committee Ranking Member Spencer Bachus made the following statement today during a Full Committee hearing entitled, "Prospects for Employment Growth: Is Additional Stimulus Needed?" "We all want the same thing, Mr. Chairman. We all want every American who wants a job to have a ... More
  • Bachus: Obama Administration Is Obscuring Cost Of Fannie, Freddie's Blank Check
    Feb 23, 2010 - -Financial Services Committee Ranking Member Spencer Bachus made the following remarks today during a press conference to announce the Accurate Accounting of Fannie Mae and Freddie Mac Act. "Scott Garrett, our Ranking Member of the Subcommittee on Capital Markets, Insurance and Government Sponsored... More
  • Bachus Statement On The Federal Reserve's Exit Strategy
    Feb 10, 2010 - - Financial Services Committee Ranking Member Spencer Bachus made the following statement regarding Chairman Ben Bernanke's statement on the Federal Reserve Board's strategy for unwinding its extraordinary government intervention in the financial markets: Ranking Member Bachus said, "The term ‘inte... More
  • Bachus Criticizes SEC's Climate Change Guidance
    Feb 3, 2010 - -Financial Services Committee Ranking Member Spencer Bachus wrote to Securities and Exchange Commission (SEC) Chairman Mary Schapiro opposing the rush to judgment in issuing guidance that requires publicly traded companies to assess and disclose the impact of climate change on their financial condi... More
  • Bachus: Where Is The Exit Strategy For Fannie And Freddie?
    Feb 1, 2010 - -Financial Services Committee Ranking Member Spencer Bachus issued the following statement regarding the President's budget. "The proposal to spend almost $4 trillion is hardly a plan to get spending under control. The American people simply cannot afford a second straight budget that spends too mu... More
  • Bachus: AIG Cover Up Continues
    Jan 27, 2010 - -Financial Services Committee Ranking Member Spencer Bachus issued the following statement regarding today's House Oversight and Government Reform Committee hearing on AIG's bailout: "For nearly a year I have been asking questions regarding the disparate treatment of U.S. banks and foreign institut... More
  • Response To Democrats Inaccurate Information Regarding Executive Compensation Bill
    Jan 22, 2010 - -In response to Republicans introducing legislation to protect taxpayers by suspending the Obama Administration's approval of multi-million dollar pay packages at Fannie Mae and Freddie Mac, Chairman Barney Frank earlier today mischaracterized the Democrats' legislation (H.R. 1664) to address execu... More
  • Committee Republican Leadership: Reduce Pay For Fannie And Freddie Executives, Protect Taxpayers
    Jan 21, 2010 - -On Christmas Eve, the Obama Administration approved $6 million cash compensation for the chief executives of Fannie Mae and Freddie Mac. The approval of these multi-million dollar compensation packages contradicts the Administration's stance of reducing what it described as "excessive compensation... More
  • Bachus Statement On Administration's Financial Regulation Proposal
    Jan 21, 2010 - -Congressman Spencer Bachus, the top Republican on the Financial Services Committee, made the following statement today regarding the Obama Administration changing course on financial regulation: "We believe the problems the president has identified are best addressed by H.R 3310, the regulatory re... More
  • Bachus: Taxpayers Deserve To Know Why Executives At Two Government-Owned Entities, Fannie Mae and Freddie Mac, Are Receiving $6 Million Pay Packages
    Jan 20, 2010 - "The decision to deny my request to invite Mr. DeMarco as the Minority Party's witness raises serious questions about the motivation for the hearing, the commitment to transparency in the operations of two government entities, and this Administration's track record in addressing the complex issue o... More