6-30-10, Bachus: House Republicans to Offer Motion to Audit the Fed, Address Job Creation on House Floor and on America Speaking Out |
June 30, 2010
WASHINGTON - Financial Services Committee Ranking Member Spencer Bachus today said that House Republicans will offer a Motion to Recommit to H.R. 4173, the Democrats' financial regulation bill, to ensure a robust and comprehensive audit of the Federal Reserve and to address a small but significant job-killing measure.
Additionally, the Motion to Recommit restores language from the bill's derivatives title so thousands of small businesses won't be crushed by new margin requirements, ensuring they are able to use their resources to expand and create jobs during this difficult economic time. An amendment offered in December on the floor by Chairman Barney Frank to specifically include the requirements that were inserted in the bill in conference failed overwhelmingly by a vote of 150 to 280. ### |