Financial Services Committee Chairman Spencer Bachus on Thursday announced the Committee’s hearing schedule for the month of September.
Hearing on the Terrorism Risk Insurance Act: On Tuesday, September 11, the Subcommittee on Insurance, Housing and Community Opportunity will hold a hearing to examine the Terrorism Risk Insurance Act (TRIA), which was enacted in 2002 and is… Read more »
More evidence of the unintended consequences of the Dodd-Frank Act:
“With passage of the Dodd-Frank law, the banking and financial services industries face uncertainty that has locked credit markets and access to capital. Many companies have viable, low-risk projects or contracts that simply need funding in order to begin work. However, overregulation in the banking sector has made… Read more »
The following editorial appeared in the Aug. 22, 2012 edition of the Charleston Daily Mail:
Wall Street regulation is felt on Main Street
In the aftermath of the 2008 financial meltdown, Democrats were in control of both houses of Congress. They passed another law to rein in the banking industry, already highly regulated.
The Dodd-Frank law did not simply rein in the big banks… Read more »
The following column appeared in the Wall Street Journal on August 17, 2012:
The Dodd-Frank Threat to U.S. Energy
Intrusive new disclosure rules by the SEC would give state-owned oil firms a big advantage in world markets.
By Jack Gerard
In a fragile recovery with 8.3% unemployment, you'd think Congress and government regulators would be concerned about rules that put American… Read more »
By Rep. Blaine Luetkemeyer
I was more than a little annoyed recently during a committee hearing with a government official who seemed intent on defending an agency created by the troubling Dodd-Frank Act that is more interested in navel gazing than helping our nation’s small businesses.
During the hearing, a leading deputy at the Consumer Financial Protection Bureau (CFBP), created… Read more »
Rep. Shelley Moore Capito (R-W.Va.) chaired a House Financial Services subcommittee hearing Monday on how new regulations are affecting financial institutions, particularly those in her home state.
The Financial Institutions and Consumer Credit panel held the field hearing in Charleston, W.Va., courthouse.
“If we’re going to get our economy moving again, small businesses must have… Read more »
Financial Services Committee Chairman Spencer Bachus issued the following statement about the Treasury Department's decision on Friday to reduce the dividend rate paid to the Secretary of the Treasury on Senior Preferred Stock of Fannie Mae and Freddie Mac:
“The Administration took its first step toward GSE reform in nearly four years today. Unfortunately, rather than announcing steps to… Read more »
West Virginia-based financial institutions will have the opportunity on Monday to tell a Congressional subcommittee chaired by Rep. Shelley Moore Capito how new regulations are affecting their ability to stimulate local job growth.
The House Subcommittee on Financial Institutions and Consumer Credit will hold a field hearing in Charleston, West Virginia at the Robert C. Byrd U.S.… Read more »
By Rep. Robert Hurt
At a time when uncertainty from Washington has led us to nearly three-and-a-half years of more than 8 percent unemployment nationally, folks in Washington, D.C., are still calling for higher taxes and a bigger federal government that will only lead to more uncertainty.
Just this past week, I traveled along Route 40, stopping in Kenbridge, Victoria, Keysville,… Read more »
The Idaho Statesman: Idaho Businesses Say They're Jittery Over Economic Climate
August 13, 2012
By Bill Roberts
Uncertainty over taxes, national debt, growing government regulation and health care reform is hurting business expansion and job creation in Idaho, some Southwest Idaho business owners and regional business leaders told U.S. Sen. Mike Crapo on Monday.
"We… Read more »
