Chairman Spencer Bachus

Press Releases

Search By:
  • Financial Services Committee Chairman Spencer Bachus Reacts to Today’s Action by the Federal Reserve
    Sep 13, 2012 - "The Federal Reserve’s action today is a scathing indictment of this Administration’s economic policies which, after almost four years, have failed to produce a sustainable recovery or put Americans back to work. The Federal Reserve cannot rescue the Administration from the consequences of failed ec... More
  • Hearing To Examine Ways To Facilitate A Private Terrorism Risk Insurance Marketplace
    Sep 6, 2012 - A Financial Services Subcommittee hearing on Tuesday will examine the capacity of the insurance industry to offer terrorism risk insurance without a Federal backstop. The Terrorism Risk Insurance Act (TRIA), a temporary risk sharing program created in 2002 to ensure consumers have access to terroris... More
  • Financial Services Committee Releases September Schedule
    Aug 31, 2012 - 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 exami... More
  • Chairman Bachus Says Treasury Action Makes It Less Likely Taxpayers Will Be Repaid for $200 Billion GSE Bailout
    Aug 17, 2012 - 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 to... More
  • 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