Chairman Spencer Bachus

Press Releases

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  • Capito Chairing Subcommittee Field Hearing in West Virginia on Monday
    Aug 16, 2012 - 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... 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 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
  • 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
  • Sen. Kaufman: From “Aye” on Dodd-Frank to “Will Not Protect Us” in Just 2 Years
    Jul 24, 2012 - The Financial Services Committee has taken note of former Senator Ted Kaufman’s recent tough criticisms of the Dodd-Frank Act. The Committee posted on its blog “The Bottom Line” (found at www.financialservices.house.gov) that Kaufman, who voted for Dodd-Frank, now acknowledges the law does not end “... More
  • House Prepares to Vote on ‘Audit The Fed’ Bill
    Jul 24, 2012 - The House of Representatives is expected to vote tomorrow on a bill introduced by Rep. Ron Paul, Chairman of the Financial Services Subcommittee on Domestic Monetary Policy and Technology, to authorize a full audit of the Federal Reserve System. H.R. 459 removes existing restrictions on the Governme... More