News List

  • Committee Votes to Stop Future Bonuses and Significantly Reduce Pay at Fannie, Freddie
    Nov 15, 2011 - A bill authored by Financial Services Committee Chairman Spencer Bachus to stop future bonuses at Fannie Mae and Freddie Mac and suspend the current multi-million dollar compensation packages for the top executives was overwhelmingly approved by the Committee. The vote on the bill was 52 to 4. Earli... More
  • Financial Services Committee to Vote Tuesday on Fannie, Freddie Executive Pay Bill
    Nov 9, 2011 - A bill introduced by Financial Services Committee Chairman Spencer Bachus that would suspend the compensation packages of top executives at Fannie Mae and Freddie Mac will be considered by the Committee on Tuesday. Chairman Bachus introduced the legislation during the 111th Congress and re-introduce... More
  • Committee Announces Schedule For Week Of November 14
    Nov 9, 2011 - The Financial Services Committee released its planned events for next week. All hearings and mark ups will take place in the Financial Services Committee’s main hearing room, 2128 Rayburn. Witnesses for hearings will be announced at later dates. Tuesday, November 15: The Financial Services Committee... More
  • ICYMI: Fannie, Freddie bonuses become legislative targets
    Nov 9, 2011 - By Peter Schroeder Lawmakers in both the House and Senate are turning their ire towards hefty bonuses handed out to Fannie Mae and Freddie Mac executives into legislation. Sens. John McCain (R-Ariz.) and Jay Rockefeller (D-W.V.) announced Wednesday that they planned on offering an amendment that wou... More
  • House Continues Passing Jobs Bills
    Nov 3, 2011 - Two bills creating new sources of capital for small businesses to grow and create jobs garnered overwhelming, bipartisan support in the House of Representatives today. Yesterday, the House approved two other bills spearheaded by the Financial Services Committee that eliminated government barriers to... More
  • House Approves Bills Promoting Small Business Capital Formation and Job Creation
    Nov 2, 2011 - The House of Representatives approved two bills today to modernize outdated regulations by the Securities and Exchange Commission (SEC) and make it easier for small businesses to access capital so they can invest and hire. Access to capital is essential for entrepreneurs and small companies to grow ... More
  • Is Regulatory Uncertainty Hurting Job Creation?
    Oct 27, 2011 - With 14 million Americans out of work and the Obama Administration issuing regulations at a rate of one new rule every 2 hours and 20 minutes, it’s a question that must be asked. For the Obama Administration, the answer to the question is a resounding “No!” Dr. Jan Eberly, Assistant Secretary for Ec... More
  • Jobs Bills Pass Committee With Bipartisan Support
    Oct 26, 2011 - The Financial Services Committee approved four bills today that remove regulatory obstacles to capital formation so small businesses can grow and create jobs. The bills, approved with bipartisan support, change and update Securities and Exchange Commission (SEC) regulations to promote, rather than h... More
  • More Calls for a Commission, Not a Director, at the CFPB
    Oct 21, 2011 - The Consumer Financial Protection Bureau would be strengthened – not weakened – if its leadership structure were changed to a bipartisan commission, argues Roland E. Brandel in the American Banker. Calling the vesting of the bureau’s enormous power in a single person a “serious flaw,” the highly acc... More
  • Upcoming Committee Vote on Jobs Bills an Opportunity for Bipartisan “Common Ground,” Says Chairman Bachus
    Oct 20, 2011 - The Financial Services Committee will vote on a package of bills next week that will reduce Securities and Exchange Commission (SEC) regulatory barriers to small business growth and job creation. All five bills the Committee will mark up on Wednesday represent an opportunity for Republicans and Demo... More