Barney Frank News

Name: Rep. Barney Frank Position: As chairman of the House Financial Services Committee , Barney Frank is busy this year in ways he may not have expected when he assumed the post in 2007, just before the country's economy slipped into a recession.

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Timothy Geithner told members of the Joint Economic Committee, 'We are working to put TARP out of its misery, and no one will be happier than I am to see that program terminated.' Congressional Democrats could be careening toward a head-on collision with the White House over $200 billion in leftover bailout money - money that Republicans think ...

Something quite amazing happened yesterday in Congress: the House Finance Committee -- in a truly bipartisan and even trans-ideological vote -- defied the banking industry, the Federal Reserve, the Democratic leadership, and mainstream Beltway opinion in order to pass an amendment, sponsored by GOP Rep.

Name: Rep. Spencer Bachus Position: Although Bachus isn't new to the House Financial Services Committee , he's relatively new to the committee's ranking member position, which he assumed in 2007.

In a display of populist anger toward the Federal Reserve, a House panel voted on Thursday to let Congress carry out sweeping new oversights of the central bank's policy decisions and operations.

The health care debate has sucked so much oxygen out of the Capitol's chambers that it's been easy to miss another simmering story: Democratic fears about the economy.

Members of the Congressional Black Caucus threatened to oppose a key financial regulatory reform bill Thursday over unrelated economic concerns, forcing Financial Services Chairman Barney Frank to yank his bill before a final committee vote.

The full House of Representatives will likely pass Rep. Paul Kanjorski 's "Too Big to Fail" amendment, which allows regulators to break up big, complex, dangerous banks and other companies so they won't have to be bailed out.

" A key House Democrat introduced a contentious proposal Wednesday that would give federal regulators power to dismantle financial firms before they grow so large that their failure could endanger the entire financial system, even if those firms appear to be healthy and well capitalized.

A group of House Democrats alarmed over accusations the Federal Reserve mishandled the government's $85 billion bailout of American International Group want Congress to conduct a top-to-bottom review of the agency.

Three members of the state's congressional delegation back the idea of a UMass law school.

Of course the Repubs will try to stop this too. A November 18, 2009 Dems Want Unspent TARP Funds For Main Street Bailout 11-18-09 01:45 AM Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill.

A senior U.S. lawmaker unveiled a much-anticipated proposal on Wednesday that would give government regulators the power to break up financial firms that pose a risk to economic stability.

Despite early pleas for bipartisanship, President Obama is forging ahead with his domestic agenda with a largely single-party strategy, unable to corral more than a handful of Republicans on a wide range of major legislation before Congress.

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More than a year after the financial system came to the brink of collapse, Congress is finally starting to make headway on bills that aim to prevent future catastrophes.

U.S. Sen. Christopher Dodd, D-CT, on Tuesday released an 1,136-page draft bill for sweeping financial regulatory reform that will create several new protection agencies, increase regulation of credit agencies and derivatives, and alter the role played by the U.S. Federal Reserve in the financial system.

Some of the world's largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.

The U.S. Secretary of Housing and Urban Development is easing concerns about the Federal Housing Administration after announcing last week that the FHA's reserves had fallen dangerously low due to foreclosures and defaults.