News List

  • The JOBS Act
    Aug 13, 2012 - One of the most significant accomplishments of the Financial Services Committee during the 112th Congress is passage of the JOBS Act. The Jumpstart Our Business Startups Act (JOBS Act) removes government barriers to job creation and economic activity. The JOBS Act, comprised of six bills that origin... More
  • Chairman Bachus Seeks Public’s Input on Volcker Rule Alternative
    Aug 7, 2012 - Financial Services Committee Chairman Spencer Bachus is asking investors, industry professionals and the public to offer their ideas and suggestions on how to formulate a less burdensome legislative alternative to the Volcker Rule. “If regulators implement the Volcker Rule in its current form, the r... More
  • Chairman Bachus in Wall Street Journal: Financial Advisers, Police Yourselves
    Aug 6, 2012 - By SPENCER BACHUS Bernie Madoff. Matthew Hutcheson. Mark Spangler. If these names don't ring a bell, you are lucky. Reports indicate that thousands of investors lost billions in savings—in some cases an entire lifetime's worth—investing with these financial planners, investment advisers or "retireme... More
  • Chairman Bachus Comments on Municipal Adviser Legislation, SEC Report
    Aug 1, 2012 - Financial Services Committee Chairman Spencer Bachus released a statement on Wednesday in support of bipartisan legislation that clarifies provisions in the Dodd-Frank Act requiring municipal advisers to register with the Securities and Exchange Commission. The bipartisan bill, H.R. 2827 sponsored b... More
  • Committee’s Newest Member, Rep. Guinta, Assigned to Subcommittees
    Aug 1, 2012 - The Financial Services Committee on Wednesday approved a resolution offered by Chairman Spencer Bachus to appoint Rep. Frank Guinta, the committee’s newest member, to the Financial Institutions and Consumer Credit Subcommittee and the International Monetary Policy and Trade Subcommittee. “Rep. Guint... More
  • Subcommittee to Examine Parallel Currencies
    Aug 1, 2012 - A Subcommittee hearing on Thursday will examine the emergence of alternative forms of money, or parallel currencies, and the effects they could have on the economy and monetary policy. The Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will also lo... More
  • Chairman Bachus Issues Statement on FHFA Principal Forgiveness Decision
    Jul 31, 2012 - Financial Services Committee Chairman Spencer Bachus on Tuesday made the following comment about a ruling from the Federal Housing Finance Administration (FHFA) against forgiving mortgage principal on Fannie Mae and Freddie Mac mortgages: “The Administration put incredible political pressure on Dire... More
  • Fact Check: Ranking Member Barney Frank Blaming House Republicans for Missed Dodd-Frank Deadlines
    Jul 27, 2012 - Rep. Barney Frank, Ranking Member of the Financial Services Committee, on Thursday responded to criticism that regulators have completed “less than half” of the 400 new regulations in the Dodd-Frank Act by blaming House Republicans for cutting the budgets of the Securities and Exchange Commission (S... More
  • Bachus: Regulators So Busy Writing 400+ Dodd-Frank Rules They're Failing to Fulfill Their Primary Mission
    Jul 25, 2012 - Financial Services Committee Chairman Spencer Bachus submitted the following statement for the record at a hearing on the Financial Stability Oversight Council's annual report. Treasury Secretary Timothy Geithner appeared before the Committee to deliver FSOC's report. "When financial reform was deba... More
  • Chairman Bachus: Taxpayers Deserve Exit Strategy From AIG Bailout
    Jul 25, 2012 - Financial Services Committee Chairman Spencer Bachus issued the following statement regarding Wednesday’s report from the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) on AIG’s bailout: “Four years after regulators forced taxpayers to rescue AIG from the brink of failure,... More