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Republican Plan To End The Bailout Of Fannie Mae and Freddie Mac
View the plan
here
Press Releases - 111th Congress
October 2010
Bachus: Taxpayers Deserve A Real End To TARP
September 2010
Bachus Interview on CNBC: Democrat Governor Ed Rendell Says GSE Reform Should Have Been Included in Dodd-Frank Act
Bachus: Democrats Vote Once Again to Extend Taxpayer-Funded Bailouts
Democrats Let the Clock Run Out on Fannie/Freddie Reform
Bachus Floor Statement Supporting Repeal of Section 929I of Dodd-Frank to Ensure Transparency, Accountability at the SEC
9-23-10, Bachus Statement On A Pledge To America
9-22-10, Bachus Calls On Secretary Geithner to Focus on Producing Economic Certainty
9-20-10, Bachus Statement on President Obama’s CNBC “Town Hall”
9-17-10, Bachus Statement on President Obama’s Appointment of Elizabeth Warren as “Credit Czar”
9-15-10, Bachus Calls On Chairman Frank To Hold Legislative Hearing On Republican Plan To End The Bailout Of Fannie And Freddie
August 2010
FACT CHECK: Administration’s Academic Forum Creates New Ways for Democrats to Procrastinate Instead of Reforming Fannie and Freddie
8-17-10, Bachus: Democrats Claim “No Urgency” to Reform Fannie and Freddie While Taxpayers Are Forced to Guarantee $6 Trillion of their Debt
8-6-10, Bachus: Did Fannie Mae Exploit HAMP To Benefit From Incentive Payments Offered By Obama Administration?
July 2010
7-30-10, Bachus Urges Chairman Frank To Convene Required Oversight Hearing to Examine the Effect of Volcker Rule on American Competitiveness
7-30-10, Bachus: Democrats Cozy Up to Failed Regulators While Republicans Push to Streamline Regulation
7-28-10, Bachus: Report Reveals Dodd-Frank Act Includes Buried Provision Permitting Failed Regulators to Evade Public Oversight and Transparency
7-27-10, Fannie/Freddie Reform: Why Do Democrats Continue to Drag Their Feet?
7-27-10, Bachus: Democrats Continue to Drag Their Feet on Reforming Fannie Mae, Freddie Mac
7-23-10, Bachus Questions Democrats’ Timing in Rushing So-Called “Wall Street” Reform Before Releasing Record $1.47 Trillion Deficit Figure
7-22-10, Fed Chairman Admits in Questioning That U.S. Has “Done Nothing” to Address Unsustainable Debt Path, Democrat Tax Hikes an “Option
7-22-10, Bachus: Democrat Policies Further Economic Uncertainty, Destroy Jobs
7-21-10, Bachus: Republican Warnings of Collateral Damage from Dodd-Frank Already Proven Right
7-21-10, Bachus: After The Talk Of Shutting Down Betting on Wall Street, Democrats Move To Open Casinos In Every Home, Dorm Room
7-21-10, Bachus Statement As President Obama Signs Law to Reward Wall Street At The Expense Of Main Street Jobs
7-21-10, Bachus: How Many More Reasons Do The Democrats Need Before Acting On Fannie And Freddie?
7-20-10, Bachus Statement During SEC Oversight Hearing
7-19-10, Bachus Statement on SIGTARP Report Confirming Unnecessary Job Losses Occurred Due to Obama Administration’s Bailout Policies
7-15-10, Bachus Statement on Dodd-Frank Conference Report
7-2-2010, House Republicans Conferees To Senate Republicans: Derivatives Provision in Dodd-Frank Bill Drains Capital From US Businesses, Will Kill Jobs
7-1-10, On The Ropes: Kanjorski Slips Up on CNBC AGAIN – Says Fannie and Freddie Have Already Been Reformed, Not Cause of Crisis
June 2010
6-30-10, Bachus Remarks on House Floor in Opposition to Dodd-Frank Conference Report
6-30-10, Bachus: House Republicans to Offer Motion to Audit the Fed, Address Job Creation on House Floor and on America Speaking Out
6-30-10, Bachus: Democrats Vote to Perpetuate Bailouts, Reject Sound Reform to Provide Transparency and Save American Jobs
6-29-10, Bachus Statement on Dodd-Frank Accounting Gimmick to Use TARP Funds to Pay For New Government Programs
6-24-10, Bachus Response to Chairman Frank’s Argument That Bailout Burdens be “Borne by the Taxpayers” But Not Wall Street Banks
6-23-10, Fair and Open Conference? Chairman Frank Blocks Republicans From Offering Amendments to Reform Fannie Mae and Freddie Mac
6-21-10, NEW VIDEO RELEASE: Democrat Disagreement – Will Frank’s Financial Reg Reform Bill Create A Secret List Of "Too Big To Fail" Institutions?
6-17-10, Democrats Reject Republican Amendments to End, or Even Limit, Bailouts
6-16-10, Bachus Statement on NYSE’s Delisting of Fannie Mae and Freddie Mac
6-16-10, House Conferees Adopt Republican Amendment To Strengthen Investor Protection By The SEC
6-10-10, Bachus Calls on Chairman Frank to Outline Conference Rules
6-9-10, Bachus Announces Financial Services Committee Republican Conferees to Negotiate Financial Regulatory Reform Legislation
6-9-10, Bachus Offers Motion to Instruct Conferees to End Democrats’ Permanent Bailouts
6-4-10, Bachus: Private Sector Is The Source Of True Economic Strength And Job Creation
6-2-10, Bachus: Tens of Thousands of Americans Want Immediate Reform of Fannie Mae and Freddie Mac, Why Won’t Democrats Act?
May 2010
5-28-10, Bachus: Democrats’ New Billion-Dollar Tax Rewards ACORN-Style Political Activists
5-26-10, Bachus: It is Past Time to End Bailouts of Fannie and Freddie
5-26-10, Bachus to Pelosi: Why the Wait on Appointing House Conferees?
5-25-10, Bachus Calls on Democrats to Immediately Appoint Financial Reg Reform Conferees
5-25-10, Bachus: America Speaking Out Initiative Will Bring Real Dialogue to Washington
5-19-10, Bachus Demands White House Records Regarding Reported Involvement in Chicago Bank Bailout
5-19-10, Bachus: Once Again Democrats Pick More Bailouts Over Protecting Taxpayers
5-18-10, Bachus: Democrats’ TARP 3.0 Will Do Little To Help The Economy, But Plenty To Drive Up National Debt
5-11-10, Bachus: Senate Democrats Kill Off Any Chance for Real Bipartisan Reform
5-11-10, Bachus: We Must Be Cautious In Responding To Last Thursday’s Market Events
5-11-10, On The Ropes: Kanjorski Scolded on CNBC….Says Fannie/Freddie Reform “Too Complicated”
5-11-10, Fannie and Freddie Reform: What Are We Waiting For?
5-10-10, Bachus Implores Senate to Address the “Elephant in the Room” as Fannie, Freddie Report More Taxpayer Losses
5-7-10, Bachus Requests 30 Days For American Public to Review Final Version of Senate’s Financial Reform Legislation
5-6-10, Bachus: Freddie Mac Losses Underscore Need To End Their Bailouts And Correct Chairman Frank
5-6-10, FACT CHECK: Chairman Barney Frank Calls for White House to Defend Fannie and Freddie
5-5-10, Bachus to the White House On Financial Reg Reform: Whose Side Are You On?
5-4-10, FACT CHECK: White House Falsely Claims Dodd Bill Ends "Too Big to Fail"
April 2010
4-29-10, Bachus: Democrats Aim to Stifle Critics with DISCLOSE Act
4-20-10, Bachus: We Can No Longer Hide The GSEs’ Debts In The Shadows
4-28-10, On The Ropes: Committee Democrats Forced to Respond to Bachus Op-Ed in Politico….
4-26-10, Bachus: Senate Republicans Take a Stand for Real Reform
4-23-10, Bachus Asks Geithner…Again…To Explain Administration’s Plan For Bailout Authority In Advance of Senate Consideration Of Financial Reform
4-23-10, Bachus: SEC Failures Go Far Beyond Porn, Fundamental Reform is Needed
4-22-10, Bachus Response to President’s Wall Street Speech
4-21-10, Bachus Says End The Bailouts, Reform Fannie And Freddie
4-20-10, Bachus: Lehman Bankruptcy Report Is Further Evidence SEC, Fed Should Not Be Rewarded With More Regulatory Power
4-16-10, Bachus: Democrat Bailouts Make Taxpayers Pay for Wall Street’s Sins
4-15-10, Bachus: Democrats’ Proposal Will Continue Bailouts, Kill Jobs
4-14-10, Donovan Confirms Administration Is Slow Walking On GSE Reform
4-14-10, Bachus: Administration Still Has No Plan For Fannie, Freddie Reform
4-14-10, Fannie and Freddie: Taxpayers Forced to Fork Out Billions While Democrats Miss Every Self Imposed Deadline
4-13-10, Bachus: The Obama Administration Should Help Homeowners By Creating New Jobs, Not New Taxpayer Bailouts
March 2010
3-25-10, Bachus: Fed Needs Exit Strategy to End “Too Big to Fail”
3-24-10, Bachus Responds to Frank, Dodd Comments on Financial Reform Legislation
3-23-10, Bachus: Administration Paying Lip Service to Fannie, Freddie Reform While Committee Republicans Have Offered Concrete Legislative Proposals
3-23-10, Bachus: It Is Unacceptable That Treasury Still Has No Plan For Fannie, Freddie
3-19-10, Bachus: Reporting Shows Further Evidence Fed Was Aware of Fraudulent Accounting Activities
3-19-10, House Republicans Release Principles For Reform Of Fannie Mae And Freddie Mac
3-17-10, Bachus: Lehman Brothers Report Raises Serious Concerns About The Capability Of The Federal Reserve To Conduct Bank Supervision
3-17-10, Bachus Cautions HUD to Watch Spending, Calls for Top-Down Review of Agency
3-17-10, Bachus Calls for Hearings on Lehman Brothers Bankruptcy Report
3-15-10, Bachus: Senate Regulatory Reform Proposal Yet Another Missed Opportunity for Real Reform
3-11-10, Bachus Urges Senate To Address Fannie, Freddie Failures In Financial Regulatory Reform Legislation
3-10-10, Bachus: Uniform Regulation Of Money Services Businesses Needed To Protect Consumers And The Financial System
3-9-10, Bachus: More Oversight of CDFI Program Needed
3-5-10, Financial Services Committee Republicans Release Views On FY 2011 Budget
3-3-10, Bachus: Get Our Fiscal House In Order
February 2010
2-25-10, Bachus: End Government Micromanagement Of Private Business
2-24-10, Bernanke Warns Of Unsustainable Debt Path
2-23-10, Bachus: America Cannot Afford A Sequel To The Democrat’s Stimulus Bill
2-23-10, Bachus: Obama Administration Is Obscuring Cost Of Fannie, Freddie’s Blank Check
2-10-10, Bachus Statement On The Federal Reserve’s Exit Strategy
2-3-10, Bachus Criticizes SEC’s Climate Change Guidance
2-1-10, Bachus: Where Is The Exit Strategy For Fannie And Freddie?
January 2010
1-27-10, Bachus: AIG Cover Up Continues
1-22-10, Response To Democrats Inaccurate Information Regarding Executive Compensation Bill
1-21-10, Committee Republican Leadership: Reduce Pay For Fannie And Freddie Executives, Protect Taxpayers
1-21-10, Bachus Statement On Administration’s Financial Regulation Proposal
1-20-10, Bachus: Taxpayers Deserve To Know Why Executives At Two Government-Owned Entities, Fannie Mae and Freddie Mac, Are Receiving $6 Million Pay Packages
1-15-10, Bachus Responds To Barney Frank Regarding AIG Hearing
1-14-10, House Republicans Urge Bernanke To Disclose AIG Documents Already Provided By The Fed To The Senate
1-13-10, Bachus: Jan. 22 Committee Hearing Must Examine Pay Of Fannie and Freddie Executives
1-13-10, Bachus Statement on AIG
1-12-10, Bachus: Proposed Tax Will Drain Capital From Financial System Needed To Create Jobs
1-7-10, Bachus: Committee Must Examine Why AIG Was Prevented From Disclosing Bailout Information
December 2009
12-24-09, Bachus: Fannie and Freddie’s Blank Check Is Bad Policy
12-11-09, Bachus: We Must End, Not Perpetuate the Bailouts
12-9-09, End The TARP Program
12-8-09, Bachus: We Need To End TARP, Taxpayers Must Be Repaid
12-3-09, FBI Confirms Online Gambling Opens Door To Fraud, Money Laundering; Age Verification Software Ineffective
12-3-09, Bachus: Regulators Must Enforce Illegal Internet Gambling Law
12-2-09, Bachus Opposes Democrats’ Permanent Bailout Authority Bill
12-1-09, Geithner Fails To Provide Information On Financial Regulatory Reform Legislation Submitted To Congress
November 2009
11-24-09, Bachus: AIG’s Disparate Treatment Of U.S. Regional Banks Must Be Examined
11-20-09, Bachus: Proper Oversight Of The Federal Reserve Is Essential To Financial Regulatory Reform
11-19-09, Bachus, Blunt: Americans Deserve Answers Regarding AIG’s Bailout To Protect Taxpayers In The Future
11-18-09, Bachus, Capito Call For Hearings To Examine State of FHA
11-17-09, Democrats Vote To Continue Government Interventions In Financial Markets
11-17-09, Democrats Vote For A Permanent Bailout Fund, Expand Government Guarantee On The Financial Market
11-17-09, Democrats Vote To Extend TARP, Continue Deficit Spending
11-17-09, Bachus: We Must End AIG-Style Bailouts
11-12-09, Bachus: Administration Must Take Steps To Protect Taxpayers, Strengthen FHA
11-6-09, Bachus Supports The No More Bailouts Act
11-5-09, Bachus, Kyl: There Is No Justification For Delaying UIGEA Compliance
11-4-09, Issa, Bachus Request Information On Financial Health Of FHA
11-4-09, Bachus: Democrats Legislation Still Leaves Investors Without The Protections They Deserve
11-1-09, Bachus: CIT Bankruptcy Highlights Folly Of Legislative Proposal To Make Federal Reserve The Systemic Risk Regulator
October 2009
10-29-09, Banking Regulator Acknowledges Not Having Time To Read Obama Administration’s Financial Industry Reform Plan
10-29-09, Bachus Rejects Frank’s Assertion Regarding Credit Czar
10-29-09, Committee Republicans To Frank: Arbitrary Deadline On Financial Regulatory Reform Will Result In Bad Bill
10-28-09, Bachus Rejects Administration’s Plan For Permanent Taxpayer Bailout Authority, Proposes Bankruptcy For Resolving Failing Non-Bank Financial Firms
10-27-09, Bachus Amendment To The Private Fund Investment Advisers Registration Act Is Accepted By Committee
10-27-09, Bachus Amendment To Promote Greater Investor Due Diligence Is Approved By Committee
10-27-09, Bachus, Garrett Amendment To Reduce Reliance On Credit Ratings Approved By Committee
10-22-09, Democrats Vote To Give ACORN Regulatory Authority Over Financial Institutions
10-22-09, Democrats Vote “Present” On Grayson’s Financial Autopsy Amendment
10-22-09, Democrats Vote To Reward Trial Lawyers At The Expense Of Consumers
10-22-09, Democrats Vote to Increase Taxes on Small Businesses And Consumers of Financial Products and Services
10-22-09, Democrats Vote To Delegate Unprecedented Rulemaking Authority To An Unaccountable Credit Czar
10-22-09, Frank Shuts Down Debate On Legislation That Represents The Largest Expansion Of Financial Regulation
10-21-09, Federal Reserve Board Chairman Bernanke Raises Implementation Concerns With Legislation To Accelerate The CARD Act
10-21-09, Democrats Vote To Undermine Safety And Soundness Of Financial Institutions
10-21-09, Democrats Vote to Undermine Consumer Financial Protection Regulation
10-21-09, Democrats Vote to Authorize Unelected Bureaucrats to Subjectively Ban Commonly Used Financial Products
10-19-09, RECAP: Financial Services Committee Markup of Financial Product Approval Agency And Derivatives Legislation
10-15-09, Democrats Vote To “Trick And Trap” Small Banks With An Illusionary Exemption
10-15-09, Democrats Vote To Expand Government, Increase Taxes, And Prolong The Economic Downturn
10-15-09, Bachus Statement On Miller’s ‘Tricks and Traps’ Amendment
10-15-09, Bachus Statement on Committee Passage of Derivatives Legislation
10-9-09, Bachus Statement On Financial Services Product Approval Agency
10-1-09, Bachus Introduces Legislation To Prevent TARP Recipients From Funding ACORN
September 2009
9-25-09, Bachus, Issa, Smith Request Information Regarding Financial Institutions Funding Of ACORN Activity
9-21-09, Republicans Call For Comprehensive Audit Of ACORN’s Use of Federal Funds
9-17-09, Bachus Statement on House Vote To Defund ACORN
9-17-09, Bachus Introduces Bipartisan Legislation To Ensure Independent Management, Exit Strategy From TARP Investments
9-15-09, Bachus Says Federal Government Must Cut Ties With ACORN
9-14-09, Bachus: President Failed To Put Forward Constructive Proposals on Financial Reform
9-9-09, Bachus Criticizes Democrat’s Plan To Add Cram Down Proposal In Financial Regulatory Reform
9-9-09, Bachus Supports Passage Of Insurance Modernization Legislation To Help Foster Efficient Marketplace
9-2-09, Bachus Statement on SEC Inspector General’s Report on Madoff Ponzi Scheme
July 2009
7-31-09, Bachus Statement on Compensation Legislation
7-23-09, Republicans Introduce Comprehensive Financial Regulatory Reform Legislation
7-22-09, Bachus Commends Goldman Sachs For Fulfilling Its Obligations To The American Taxpayers
7-20-09, Bachus Calls For Hearing To Examine Disparities Relating To AIG’s Obligations To Creditors
7-15-09, Bachus Statement On SAFE Act Progress
June 2009
6-30-09, Bachus Statement on Administration’s Consumer Financial Protection Agency
6-19-09, Bachus Prepared Remarks During Press Conference on Waxman-Markey Bill
6-17-09, Bachus Statement On The Administration’s Regulatory Reform Plan
6-11-09, Republicans Announce Comprehensive Regulatory Reform Plan
6-9-09, Randazzo Joins Republican Committee Staff
May 2009
5-8-09, Bachus Statement on Jefferson County Municipal Securities Probe
5-7-09, Bachus Statement on House Passage of Mortgage Legislation
5-7-09, Bachus Amendment to Protect Struggling Homeowners From Scams Wins House Approval
5-7-09, Bachus Statement on Stress Test Results
5-6-09, Bachus Statement on Illegal Online Gambling Legislation
5-1-09, Wall Street Journal: Hearings Sought on Federal Role in Merrill Deal
April 2009
4-30-09, Bachus: Credit Card Bill Will Make An Already Difficult Economic Situation Worse
4-29-09, Bachus Requests Hearing to Review Mark-to-Market Application
4-29-09, Bachus Calls For Bank of America Hearings
4-28-09, 100 DAYS: More Bailouts, More Government Intervention, And Still No Exit Strategy
4-23-09, Bachus Statement During Mortgage Reform Hearing
4-21-09, Bachus Statement on the TARP IG Report
4-14-09, Bachus Statement On Goldman Sachs TARP Repayment
4-2-09, Bachus Introduces Bill to Prevent TARP Banks From Swapping Toxic Assets For Profit at Taxpayer Expense
4-2-09, Bachus Statement on FASB Mark to Market Modifications
4-2-09, Bachus Supports Job-Creating Budget that Cuts Taxes Across the Board, Curbs Wasteful Spending
March 2009
3-27-09, Editorials Weigh in on Geithner’s Toxic Assets Bailout
3-26-09, Bachus: Committee Must Examine Disparity Among Counterparty Payments
3-26-09, Bachus Statement on Financial Services’ Unanimous Support to Investigate Treasury’s AIG Bonus Role
3-26-09, Bachus Exchange With Secretary Geithner on AIG
3-23-09, Bachus on Public Private Partnership: “America is not about punishing the wise and rewarding the foolish.”
3-23-09, AIG Timeline
3-12-09, Bachus, Blunt Urge SEC to Protect Taxpayers, Family Savings by Adopting Commonsense Accounting Rules
3-12-09, Bachus Urges FASB to Act Expeditiously During Mark-to-Market Hearing
3-12-09, Bachus Statement on Madoff’s Guilty Plea
3-10-09, Bachus Statement on Mark to Market
3-10-09, Bachus: Unreasonable Criticism and Factually Inaccurate Characterizations Have Created Atmosphere of Fear, Confusion
February 2009
2-26-09, Bachus Statement on Housing Bailout, Cram-Down Legislation
2-26-09, Bachus Statement on Obama’s Budget Proposal
2-24-09, Republicans Urge Administration to Reconsider “Cramdown”
2-18-09, Bachus Statement on Obama's Housing Plan
2-13-09, Bachus Statement on the Democrat-Written Trillion Dollar 'Stimulus'
2-9-09, Bachus Statement on the Obama Administration's TARP, Banking Proposals
2-3-09, Ranking Member Bachus: Madoff, Jefferson Co. Case Expose Regulatory Failings; Whistleblower Agrees
January 2009
1-30-09, Bachus, Kanjorski Request GAO Study Impact of AIG Rescue Package on Insurance Market
1-26-09, Bachus Statement on Subcommittee Seats, Ranking Members
1-21-09, Bachus Statement on the TARP Joint Resolution
1-20-09, Remarks of Ranking Member Spencer Bachus before Women in Housing and Finance Group
1-12-09, Committee Republican Leadership Urge Frank to Postpone Floor Consideration of TARP Bill
1-11-09, Bachus Statement on TARP
1-8-09, Bachus Statement on Municipal Bond Market Report
1-8-09, Bachus Appoints Hensarling As Ranking Member of Financial Institutions Subcommittee
1-8-09, Bachus Appoints Garrett as Ranking Member of Capital Markets Subcommittee
1-8-09, Bachus Announces Ranking Members for Subcommittees
1-8-09, Committee Republican Leadership Views on TARP Program
1-7-09, Bachus Announces Republican Committee Membership for the 111th Congress
1-7-09, Bachus Welcomes Bill Posey to Financial Services Committee
1-7-09, Bachus Welcomes Leonard Lance to Financial Services Committee
1-7-09, Bachus Welcomes Erik Paulsen to Financial Services Committee
1-7-09, Bachus Welcomes Lynn Jenkins to Financial Services Committee
1-6-09, Bachus Welcomes Chris Lee to Financial Services Committee