News List

  • Bill Providing Critical Access To Tornado And Storm Warnings For Families Approved By Committee
    Jul 20, 2011 - The Financial Services Committee approved legislation sponsored by Chairman Spencer Bachus today to equip new manufactured homes with NOAA weather radios so residents can receive earlier storm warnings. The bill was approved by a voice vote. The bill, C.J.’s Home Protection Act (H.R. 1751), is named... More
  • Chairman Bachus Responds to Democrat Criticism of CFPB Accountability Bill
    Jul 20, 2011 - Financial Services Committee Chairman Spencer Bachus issued the following statement in response to a press conference held by Democrats on Wednesday about legislation the House will consider on Thursday to bring needed accountability to the Consumer Financial Protection Bureau (CFPB): “It is amazing... More
  • Committee Acts To Eliminate Provision In Dodd-Frank That Shut Down Segment Of Economy
    Jul 20, 2011 - During a markup today, the Financial Services Committee continued its effort to eliminate some of the job destroying provisions in the Dodd-Frank Act. In approving H.R. 1539, introduced by Rep. Steve Stivers, the Committee repealed Section 939G of the Dodd-Frank Act, which completely shut down the a... More
  • So much for certainty.
    Jul 18, 2011 - The failures of the Dodd-Frank Act continue to mount. Dodd-Frank Risk Panel Delays Create ‘Guessing Game’ By Cheyenne Hopkins and Ian Katz - Jul 18, 2011 Posted at A team of regulators charged with preventing another financial crisis is fending off criticism it’s moving too slowly to i... More
  • Committee Announces Schedule for Remainder of July
    Jul 15, 2011 - Financial Services Committee Chairman Spencer Bachus today announced the Committee’s schedule for the remainder of July. “Our Committee will continue promoting policies that encourage growth, investment and new jobs, and we will remain focused on our important oversight duties,” said Chairman Bachu... More
  • Dodd-Frank Act Receives Failing Grades on Promises
    Jul 15, 2011 - Report Card Issued to Mark First Year of Failures When Democrats passed the Dodd-Frank Act a year ago, among the promises they made were that the 2,300-page bill and its 400 new rules would strengthen the economy, stabilize the housing market, end “too big to fail” and streamline the regulatory proc... More
  • Chairman Bachus Delivers Statement At Hearing On Monetary Policy Report
    Jul 13, 2011 - WASHINGTON -Financial Services Committee Chairman Spencer Bachus made the following statement during the hearing on the Federal Reserve's monetary policy report to the Congress. "Chairman Bernanke, welcome back to the Committee. "Thank you for your service to our country during these challenging tim... More
  • GAO Report Confirms Concerns that Dodd-Frank Puts U.S. Firms at Disadvantage Globally
    Jul 13, 2011 - WASHINGTON -Financial Services Committee Chairman Spencer Bachus said a report released today by the Government Accountability Office (GAO) backs up concerns that provisions of the Dodd-Frank Act put U.S. firms at a competitive disadvantage in the global economy. “The GAO report confirms that neithe... More
  • Data Security at the Office of Financial Research to Be Focus of Oversight Subcommittee Hearing
    Jul 13, 2011 - The Oversight and Investigations Subcommittee on Thursday will hold a hearing on the new Office of Financial Research (OFR) and pay particular attention to the data security risks inherent with OFR’s mission of collecting sensitive, private financial information. The Office of Financial Research, cr... More
  • Subcommittee To Evaluate Mortgage Origination Law Impact On Funding, Private Sector Participation
    Jul 12, 2011 - WASHINGTON -Continuing the Financial Services Committee’s ongoing efforts to thoroughly review government policies and regulations, the Insurance, Housing and Community Opportunity Subcommittee will meet for a hearing to evaluate recent changes to mortgage origination laws. The Subcommittee hearing ... More