News List

Financial Services Committee Chairman Spencer Bachus made the following statement on the signing of the JOBS Act. The JOBS Act is bipartisan legislation to help small companies and entrepreneurs start up their businesses, access capital and create jobs.  “Our number one priority is job creation. With this legislation Republicans and Democrats have worked together to help foster a… Read more »

Financial Services Committee Chairman Spencer Bachus delivered the following statement during a hearing to receive the semiannual report from the Consumer Financial Protection Bureau (CFPB). "The CFPB is an independent federal agency whose authority is unprecedented and far-reaching.  Title X of the Dodd-Frank Act confers virtually unfettered discretion on a single person, the… Read more »

The House today gave final approval to a bipartisan Financial Services Committee bill that eases the burden of certain regulations in order to boost startup companies and promote the creation of new jobs. The JOBS Act – short for Jumpstart Our Business Startups – now goes to the President for his expected signature. Financial Services Committee Chairman Spencer Bachus said the bill… Read more »

The Financial Services Committee, chaired by Rep. Spencer Bachus, approved two bills today to fix derivatives provisions of the Dodd-Frank Act. “These bipartisan bills help bring more clarity and transparency to the marketplace, and the result is greater certainty for job creators at a time our economy is struggling,” said Chairman Bachus.  In addition to the two derivatives… Read more »

The House on Monday gave its approval to two bipartisan bills that originated in the House Financial Services Committee. The bills will help clarify and alleviate the burdens placed on job-creators by certain Dodd-Frank Act regulations. “Washington continually shackles the private sector with punishing regulations that end up causing uncertainty and discouraging the creation of… Read more »

NOTE: Accredited media planning to attend the hearing should send an email here to reserve a seat. Decisions and events during the final days of MF Global that led to the disappearance of up to $1.6 billion in customer funds will be the focus of a congressional subcommittee hearing on Wednesday. Since MF Global filed for bankruptcy on Oct. 31, 2011, the Financial Services… Read more »

The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will hold a hearing on Tuesday to examine the Federal Reserve’s assistance to the Eurozone and the impact that assistance has on the U.S. monetary system and the dollar. New York Federal Reserve President and CEO William Dudley and Steven B. Kamin, the Federal Reserve’s director of international… Read more »

As part of its ongoing investigation into the collapse of MF Global and missing customer funds, the Financial Services Subcommittee on Oversight and Investigations voted today to subpoena Edith O’Brien, the assistant treasurer at the time the company declared bankruptcy. O’Brien is directed to testify before the Subcommittee on Wednesday, March 28 at 2 p.m. during a hearing to examine… Read more »

Cell phone-based retail payments, the metallic content of circulating coins and other issues involved with value transfers in retail settings will be featured in a series of hearings that begin this week in the Financial Services Committee. Dubbed “The Future of Money,” the series starts Thursday at 10 a.m. in the Financial Institutions and Consumer Credit Subcommittee with a hearing… Read more »

Not to be missed is Wednesday’s Chicago Tribune editorial on the JOBS Act, a package of six bills from the Financial Services Committee that will promote innovation, economic growth and jobs. The JOBS Act – short for Jumpstart Our Business Startups – is a “rare example of bipartisanship” in today’s Washington, the newspaper writes, that would cut red tape for small businesses and emerging… Read more »