News List

  • Chairman Spencer Bachus Statement on House Republican Meeting with President Obama
    Jun 1, 2011 - Financial Services Committee Chairman Spencer Bachus made the following statement after meeting with President Obama and House Republicans at the White House this morning to discuss deficit reduction: “Several times during the meeting today, the President said he will not submit a plan to reduce the... More
  • Chairman Bachus Statement On Federal Reserve Data Disclosure
    Jun 1, 2011 - Financial Services Committee Chairman Spencer Bachus released the following statement regarding the Domestic Monetary Policy Subcommittee hearing on the Federal Reserve data disclosure. “This is an important hearing on the use of the Federal Reserve’s emergency lending facilities during the financia... More
  • ICYMI: Bachus in Politico: No recess appointment for CFPB head
    May 27, 2011 - By: Rep. Spencer Bachus May 27, 2011 Because the Dodd-Frank Act places so much authority — with so little accountability — in the hands of the director of the new Consumer Financial Protection Bureau, the law requires that this administrator be nominated by the president and confirmed by the Senate... More
  • ICYMI: Obama's Millions for Fannie, Freddie Execs. But Who's Counting?
    May 26, 2011 - The Daily Beast Over the last two years, the Obama administration has approved a whopping $34.4 million in compensation to the top six executives of the financially troubled Fannie Mae and Freddie Mac mortgage giants, and lacks the necessary protections to ensure such compensation is even warranted.... More
  • A Threat to American Jobs
    May 25, 2011 - “If we create a prohibitively expensive and rigid climate for the use and trading of derivatives in the United States, the market could very well shift overseas, and once markets leave they will not return. Undoubtedly, foreign markets are closely examining how U.S. regulators are implementing Dodd... More
  • Paul: Subcommittee To Explore Fed Data Dump
    May 25, 2011 - Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul announced today the Subcommittee will hold a hearing entitled, “Federal Reserve Lending Disclosure: FOIA, Dodd-Frank, and the Data Dump.” The hearing will explore the information disclosed by the Federal Reserve in compliance wit... More
  • FT: US Derivative Regulators Claim Laws Will Hand Trade To Europe
    May 25, 2011 - US futures regulators warned of splits in derivatives rules between the US and Europe and told lawmakers that budgetary restraints would leave them unable to enforce new laws. Read the story here: http://www.ft.com/intl/cms/s/0/4dea6cdc-8701-11e0-92df-00144feabdc0.html?ftcamp=rss#axzz1NTBvW0Kz More
  • Capito Announces Subcommittee Hearing To Conduct Oversight Of FDIC
    May 24, 2011 - WASHINGTON: The Financial Institutions and Consumer Credit Subcommittee, chaired by Rep. Shelley Moore Capito, will convene for a hearing with Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair. The hearing will take place on Thursday, May 26th at 9:30 a.m. in room 2128 Rayburn. The h... More
  • Committee Approves Legislation To Ensure Regulators Have Time To Get Derivatives Rules Right
    May 24, 2011 - The Financial Services Committee, chaired by Rep. Spencer Bachus, approved legislation today to give regulators additional time to write and review the rules governing derivatives. H.R. 1573, approved by a vote of 30 to 24, addresses concerns raised by both Republicans and Democrats that the propose... More
  • Chairman Bachus Statement On H.R. 1573, To Restore Order To The Dodd-Frank Derivatives Rulemaking Process
    May 24, 2011 - Financial Services Committee Chairman Spencer Bachus made the following statement today during consideration of H.R. 1573, legislation to restore order to the Dodd-Frank derivatives rulemaking process, promote regulatory coordination, and ensure the U.S. economy is not placed at a competitive disadv... More