News List

  • Reducing Fannie And Freddie’s Role In Mortgage Market Approved By Subcommittee
    Jul 12, 2011 - WASHINGTON - The Capital Markets and Government Sponsored Enterprises Subcommittee approved legislation today sponsored by Rep. Robert Hurt to reduce the government’s role in the mortgage market. The Market Transparency and Taxpayer Protection Act directs the Federal Housing Finance Agency (FHFA) Di... More
  • House Overwhelmingly Approves Reforms, Reauthorization of National Flood Insurance Program
    Jul 12, 2011 - WASHINGTON - The U.S. House of Representatives today overwhelmingly approved legislation to reauthorize and significantly reform the National Flood Insurance Program (NFIP). The reforms included in the legislation will ensure the continued economic viability of the NFIP by eliminating unnecessary fe... More
  • Second Round Of Bills Reforming Fannie, Freddie Approved By Subcommittee
    Jul 12, 2011 - WASHINGTON - In continuing the Committee’s efforts to end the bailout of Fannie Mae and Freddie Mac, the Capital Markets and Government Sponsored Enterprises Subcommittee considered and advanced six proposals today to protect taxpayers by reforming Fannie Mae and Freddie Mac. Financial Services Comm... More
  • Chairman Bachus: Dodd-Frank blocks road to recovery
    Jul 11, 2011 - By Rep. Spencer Bachus Politico The Dodd-Frank Act has been described by supporters and opponents alike as the most sweeping reform of the financial services industry since the Great Depression. It can also be described as a story of the “good, the bad and the ugly.” A few of its provisions represe... More
  • Financial Services Committee Chairman Spencer Bachus Comments on Latest Abysmal Jobs Report
    Jul 8, 2011 - House Financial Services Committee Chairman Spencer Bachus today issued the following statement after the U.S. Labor Department reported that only 18,000 jobs were created in June and that the unemployment rate increased to 9.2 percent: “The trend in recent jobs reports is disheartening and unmistak... More
  • Chairman Bachus Says Community Bankers And Small Businesses Need Relief From Regulatory Burdens That Impede New Jobs
    Jul 8, 2011 - Financial Services Committee Chairman Spencer Bachus made the following statement concerning today's Subcommittee hearing on legislative proposals regarding bank examination practices. "Every member of Congress has heard the concerns of small business owners and bankers about overzealous regulators.... More
  • Reforms of Fannie Mae, Freddie Mac Continue Making Progress
    Jul 8, 2011 - Subcommittee to Vote on 7 Bills Next Week That Protect Taxpayers From Bailout WASHINGTON -The Financial Services Committee will continue moving forward next week with needed reforms of Fannie Mae and Freddie Mac to end the taxpayer-funded bailout of the government sponsored enterprises. The Capital ... More
  • The Era of Big Government is Over…NOT!
    Jul 7, 2011 - The Consumer Financial Protection Bureau (the government bureaucracy that’s supposed to “nudge” you to make decisions about your life that it deems are correct) doesn’t start operating until July 21. The President still has not even nominated someone to lead the agency yet. But it does have an offic... More
  • Joint Hearing To Examine Mortgage Servicing Negotiations
    Jul 6, 2011 - Two Financial Services subcommittees will hold a joint hearing on Thursday, July 7 to review the role of Federal regulators in the ongoing mortgage servicing settlement negotiations and the development of new mortgage servicing standards. Witnesses will include regulators from the Office of the Comp... More
  • Committee Field Hearing Focused on Cybercrime
    Jun 30, 2011 - Yesterday, Financial Service Committee Chairman Spencer Bachus presided over a field hearing that highlighted the role of the National Computer Forensics Institute (NCFI) in Hoover, Alabama in fighting cybercrime. “The National Computer Forensics Institute is providing valuable training to the state... More