News List

  • Committee Republicans Request Facts on Dodd-Frank’s Job-Threatening Regulations
    Sep 8, 2011 - Republicans on the Financial Services Committee, concerned that the increasing regulatory burden is hurting job creation, are questioning Treasury Secretary Timothy Geithner on whether the Administration is living up to a promise it would “streamline and simplify” regulations when implementing the D... More
  • New York Field Hearing Will Focus On Building A Robust Private Mortgage Market Without Taxpayer Guarantees
    Sep 1, 2011 - The Financial Services Committee’s ongoing efforts to build a stronger housing finance system free of taxpayer guarantees will bring several of its members to New York City next week for a subcommittee field hearing. The Capital Markets and Government Sponsored Enterprises Subcommittee, which is spe... More
  • Subcommittee Meets in NYC to Evaluate U.S. Efforts Against Terrorist Financing
    Aug 31, 2011 - The Financial Services Oversight and Investigations Subcommittee will meet in New York City on September 6 to evaluate the federal government’s efforts to track down and stop the financing of terrorists. As part of the government’s response to the September 11, 2001 terror attacks, Congress created ... More
  • The Need for Fundamental S.E.C. Reform
    Aug 26, 2011 - By David Hirschmann Earlier this month, former S.E.C Chairman Arthur Levitt published an Op-Ed piece in The New York Times, entitled “Don’t Gut the S.E.C.” Mr. Levitt sees only two approaches to regulatory reform when it comes to his former agency: on the one hand, retaining the status quo, or, on t... More
  • Financial Services Committee Faces Busy Agenda in September
    Aug 26, 2011 - WASHINGTON - The Financial Services Committee is facing a busy first half of September with 11 hearings over the course of seven days on topics ranging from terrorist financing to reform of the Securities and Exchange Commission. On Friday, Chairman Spencer Bachus announced the committee’s tentative... More
  • Coverage of Field Hearing on Impact of Bank Examinations
    Aug 16, 2011 - Associated Press: Congressional panel investigates Ga. bank failures Published: Tuesday, August 16, 2011 Georgia holds the dubious distinction as the epicenter of bank failures in the aftermath of the Great Recession. But lawmakers who gathered at a congressional hearing Tuesday to investigate the c... More
  • Subcommittee Traveling to Georgia to Review Impact of Bank Examination Practices
    Aug 9, 2011 - The Financial Institutions and Consumer Credit Subcommittee will meet in Newnan, Georgia next week to ask community bankers and regulators if overly stringent federal bank examination standards are impeding an economic recovery. Complaints from small business owners and bankers that regulatory stand... More
  • Financial Services Committee Chairman Bachus Proposing “SEC Modernization Act”
    Aug 2, 2011 - Financial Services Committee Chairman Spencer Bachus is drafting legislation to restructure the Securities and Exchange Commission and implement reforms recommended by the SEC’s Inspector General, the Government Accountability Office and a consultant’s report mandated by the Dodd-Frank Act. Chairman... More
  • House Unanimously Approves Bill To Review Economic Impact Of FDIC Practices
    Jul 29, 2011 - The U.S. House of Representatives has approved legislation to thoroughly review the causes of recent bank failures as well as the impact of the FDIC’s practices and procedures on community banks. H.R. 2056, introduced by Financial Services Committee Member Rep. Lynn Westmoreland, requires the Inspec... More
  • Fox Business: The New Guys in Charge
    Jul 27, 2011 - By Gerri Willis Published July 27, 2011 | FOXBusiness Meet your new bosses. Financial bosses that is. There's Deven Sharma, the president of Standard & Poor's, and Michael Rowan, a global managing director of Moody's Investors Service. Both testified today in front of the House Committee on Financia... More