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Press Releases - 111th Congress
February 2010
Bachus Criticizes SEC’s Climate Change Guidance
Bachus: Where Is The Exit Strategy For Fannie And Freddie?
January 2010
Bachus: AIG Cover Up Continues
Response To Democrats Inaccurate Information Regarding Executive Compensation Bill
Committee Republican Leadership: Reduce Pay For Fannie And Freddie Executives, Protect Taxpayers
Bachus Statement On Administration’s Financial Regulation Proposal
Bachus: Taxpayers Deserve To Know Why Executives At Two Government-Owned Entities, Fannie Mae and Freddie Mac, Are Receiving $6 Million Pay Packages
Bachus Responds To Barney Frank Regarding AIG Hearing
House Republicans Urge Bernanke To Disclose AIG Documents Already Provided By The Fed To The Senate
Bachus: Jan. 22 Committee Hearing Must Examine Pay Of Fannie and Freddie Executives
Bachus Statement on AIG
Bachus: Proposed Tax Will Drain Capital From Financial System Needed To Create Jobs
Bachus: Committee Must Examine Why AIG Was Prevented From Disclosing Bailout Information
December 2009
Bachus: Fannie and Freddie’s Blank Check Is Bad Policy
Bachus: We Must End, Not Perpetuate the Bailouts
End The TARP Program
Bachus: We Need To End TARP, Taxpayers Must Be Repaid
FBI Confirms Online Gambling Opens Door To Fraud, Money Laundering; Age Verification Software Ineffective
Bachus: Regulators Must Enforce Illegal Internet Gambling Law
Bachus Opposes Democrats’ Permanent Bailout Authority Bill
Geithner Fails To Provide Information On Financial Regulatory Reform Legislation Submitted To Congress
November 2009
Bachus: AIG’s Disparate Treatment Of U.S. Regional Banks Must Be Examined
Bachus: Proper Oversight Of The Federal Reserve Is Essential To Financial Regulatory Reform
Bachus, Blunt: Americans Deserve Answers Regarding AIG’s Bailout To Protect Taxpayers In The Future
Bachus, Capito Call For Hearings To Examine State of FHA
Democrats Vote To Continue Government Interventions In Financial Markets
Democrats Vote For A Permanent Bailout Fund, Expand Government Guarantee On The Financial Market
Democrats Vote To Extend TARP, Continue Deficit Spending
Bachus: We Must End AIG-Style Bailouts
Bachus: Administration Must Take Steps To Protect Taxpayers, Strengthen FHA
Bachus Supports The No More Bailouts Act
Bachus, Kyl: There Is No Justification For Delaying UIGEA Compliance
Issa, Bachus Request Information On Financial Health Of FHA
Bachus: Democrats Legislation Still Leaves Investors Without The Protections They Deserve
Bachus: CIT Bankruptcy Highlights Folly Of Legislative Proposal To Make Federal Reserve The Systemic Risk Regulator
October 2009
Banking Regulator Acknowledges Not Having Time To Read Obama Administration’s Financial Industry Reform Plan
Bachus Rejects Frank’s Assertion Regarding Credit Czar
Committee Republicans To Frank: Arbitrary Deadline On Financial Regulatory Reform Will Result In Bad Bill
Bachus Rejects Administration’s Plan For Permanent Taxpayer Bailout Authority, Proposes Bankruptcy For Resolving Failing Non-Bank Financial Firms
Bachus, Garrett Amendment To Reduce Reliance On Credit Ratings Approved By Committee
Bachus Amendment To Promote Greater Investor Due Diligence Is Approved By Committee
Bachus Amendment To The Private Fund Investment Advisers Registration Act Is Accepted By Committee
Democrats Vote To Give ACORN Regulatory Authority Over Financial Institutions
Democrats Vote “Present” On Grayson’s Financial Autopsy Amendment
Democrats Vote To Reward Trial Lawyers At The Expense Of Consumers
Democrats Vote to Increase Taxes on Small Businesses And Consumers of Financial Products and Services
Democrats Vote To Delegate Unprecedented Rulemaking Authority To An Unaccountable Credit Czar
Frank Shuts Down Debate On Legislation That Represents The Largest Expansion Of Financial Regulation
Federal Reserve Board Chairman Bernanke Raises Implementation Concerns With Legislation To Accelerate The CARD Act
Democrats Vote to Authorize Unelected Bureaucrats to Subjectively Ban Commonly Used Financial Products
Democrats Vote to Undermine Consumer Financial Protection Regulation
Democrats Vote To Undermine Safety And Soundness Of Financial Institutions
Democrats Vote To “Trick And Trap” Small Banks With An Illusionary Exemption
Democrats Vote To Expand Government, Increase Taxes, And Prolong The Economic Downturn
Bachus Statement on Committee Passage of Derivatives Legislation
Bachus Statement On Miller’s ‘Tricks and Traps’ Amendment
Bachus Statement On Financial Services Product Approval Agency
Bachus Introduces Legislation To Prevent TARP Recipients From Funding ACORN
RECAP: Financial Services Committee Markup of Financial Product Approval Agency And Derivatives Legislation
September 2009
Bachus, Issa, Smith Request Information Regarding Financial Institutions Funding Of ACORN Activity
Republicans Call For Comprehensive Audit Of ACORN’s Use of Federal Funds
Bachus Statement on House Vote To Defund ACORN
Bachus Introduces Bipartisan Legislation To Ensure Independent Management, Exit Strategy From TARP Investments
Bachus Says Federal Government Must Cut Ties With ACORN
Bachus: President Failed To Put Forward Constructive Proposals on Financial Reform
Bachus Criticizes Democrat’s Plan To Add Cram Down Proposal In Financial Regulatory Reform
Bachus Supports Passage Of Insurance Modernization Legislation To Help Foster Efficient Marketplace
Bachus Statement on SEC Inspector General’s Report on Madoff Ponzi Scheme
July 2009
Bachus Statement on Compensation Legislation
Republicans Introduce Comprehensive Financial Regulatory Reform Legislation
Bachus Commends Goldman Sachs For Fulfilling Its Obligations To The American Taxpayers
Bachus Calls For Hearing To Examine Disparities Relating To AIG’s Obligations To Creditors
Bachus Statement On SAFE Act Progress
June 2009
Bachus Statement on Administration’s Consumer Financial Protection Agency
Bachus Prepared Remarks During Press Conference on Waxman-Markey Bill
Bachus Statement On The Administration’s Regulatory Reform Plan
Republicans Announce Comprehensive Regulatory Reform Plan
Randazzo Joins Republican Committee Staff
May 2009
Bachus Statement on Jefferson County Municipal Securities Probe
Bachus Statement on Stress Test Results
Bachus Amendment to Protect Struggling Homeowners From Scams Wins House Approval
Bachus Statement on House Passage of Mortgage Legislation
Bachus Statement on Illegal Online Gambling Legislation
Wall Street Journal: Hearings Sought on Federal Role in Merrill Deal
April 2009
Bachus: Credit Card Bill Will Make An Already Difficult Economic Situation Worse
Bachus Requests Hearing to Review Mark-to-Market Application
Bachus Calls For Bank of America Hearings
100 DAYS: More Bailouts, More Government Intervention, And Still No Exit Strategy
Bachus Statement During Mortgage Reform Hearing
Bachus Statement on the TARP IG Report
Bachus Statement On Goldman Sachs TARP Repayment
Bachus Introduces Bill to Prevent TARP Banks From Swapping Toxic Assets For Profit at Taxpayer Expense
Bachus Supports Job-Creating Budget that Cuts Taxes Across the Board, Curbs Wasteful Spending
Bachus Statement on FASB Mark to Market Modifications
March 2009
Editorials Weigh in on Geithner’s Toxic Assets Bailout
Bachus Statement on Financial Services’ Unanimous Support to Investigate Treasury’s AIG Bonus Role
Bachus Exchange With Secretary Geithner on AIG
Bachus: Committee Must Examine Disparity Among Counterparty Payments
AIG Timeline
Bachus on Public Private Partnership: “America is not about punishing the wise and rewarding the foolish.”
Bachus Statement on Madoff’s Guilty Plea
Bachus Urges FASB to Act Expeditiously During Mark-to-Market Hearing
Bachus, Blunt Urge SEC to Protect Taxpayers, Family Savings by Adopting Commonsense Accounting Rules
Bachus Statement on Mark to Market
Bachus: Unreasonable Criticism and Factually Inaccurate Characterizations Have Created Atmosphere of Fear, Confusion
February 2009
Bachus Statement on Obama’s Budget Proposal
Bachus Statement on Housing Bailout, Cram-Down Legislation
Republicans Urge Administration to Reconsider “Cramdown”
Bachus Statement on Obama's Housing Plan
Bachus Statement on the Democrat-Written Trillion Dollar 'Stimulus'
Bachus Statement on the Obama Administration's TARP, Banking Proposals
Ranking Member Bachus: Madoff, Jefferson Co. Case Expose Regulatory Failings; Whistleblower Agrees
January 2009
Bachus, Kanjorski Request GAO Study Impact of AIG Rescue Package on Insurance Market
Bachus Statement on Subcommittee Seats, Ranking Members
Bachus Statement on the TARP Joint Resolution
Remarks of Ranking Member Spencer Bachus before Women in Housing and Finance Group
Committee Republican Leadership Urge Frank to Postpone Floor Consideration of TARP Bill
Bachus Statement on TARP
Committee Republican Leadership Views on TARP Program
Bachus Announces Ranking Members for Subcommittees
Bachus Appoints Hensarling As Ranking Member of Financial Institutions Subcommittee
Bachus Statement on Municipal Bond Market Report
Bachus Appoints Garrett as Ranking Member of Capital Markets Subcommittee
Bachus Welcomes Lynn Jenkins to Financial Services Committee
Bachus Welcomes Erik Paulsen to Financial Services Committee
Bachus Welcomes Leonard Lance to Financial Services Committee
Bachus Welcomes Bill Posey to Financial Services Committee
Bachus Announces Republican Committee Membership for the 111th Congress
Bachus Welcomes Chris Lee to Financial Services Committee