Spencer Bachus News

Rep. Barney Frank made his case today for repealing the UIGEA and creating regulated online gambling environment in a House Financial Services Committee hearing in Washington, D.C. "The notion that this Congress should tell millions of adult Americans that we know better than they what they should with their own money on their own time on their own ...

In a sparsely attended hearing Thursday morning, Rep. Barney Frank delivered the case for the regulation of the online gaming industry.

Senior House Republicans, including a key supporter of a 2006 law designed to curb Internet gambling, said Wednesday that the Obama administration's decision to delay implementing the law thwarts the will of Congress.

The nation's biggest banks would be hit with a raft of new fees, leverage limits and other restrictions under far-reaching 'too-big-to-fail' bank legislation approved by a key congressional committee on Wednesday.

The U.S. House of Representatives approved legislation Wednesday to provide Americans in the path of dangerous storms with life-saving warnings.

Internet poker will be the topic Thursday on Capitol Hill as Rep. Barney Frank leads a hearing of his two poker-related bills in the House Financial Services Committee of which he is chairman.

Page 1 of 5 DERIVATIVE MARKET REFORM, Part 1 The folly of deregulation By Henry C K Liu On October 7, 2009, the United States House of Representatives Committee on Financial Services at long last held a public hearing on "Reform of the Over-the-Counter Derivative Market: Limiting Risk and Ensuring Fairness". OTC derivatives are contracts executed ...

For Alabama Tourism Director Lee Sentell , the cost of a box of Morgan Price candy was giving a speech for the annual tourism awards breakfast hosted by the Decatur-Morgan County Convention and Visitors Bureau and the Decatur-Morgan County Hospitality Association.

What will the Consumer Financial Protection Agency do? As part of President Obama's plan to overhaul the loan and credit industries, one role of the Consumer Financial Protection Agency will be to write many new rules aimed at protecting consumers in the areas of loans and credit.

Copyright 2009 TheStreet.com, Inc.All Rights Reserved TheStreet.com November 24, 2009 Tuesday 16:43 PM EST SECTION: NEWS & ANALYSIS; Insurance LENGTH: 323 words HEADLINE: AIG's Allies to Pay Czar: Back Off! BYLINE: Andrea Tse, TheStreet.com Staff Reporter.

Congressional pressure on FHA continued to mount last week, with the ranking Republican on the House Financial Services Committee demanding hearings on the stability of the housing agency.

Nov. 19, 2009 - A hearing on the Federal Housing Administration's risk management practices and finances will be held following the Thanksgiving holiday, House Financial Services Committee Chairman Barney Frank, D-Mass., said Wednesday.

Financial institutions that are too large and overly interconnected could be broken up if a proposed council of regulators finds their collapse would put the economic system at risk, according to a controversial measure approved Wednesday by a key congressional panel taking on bank-regulatory reform.

Republican lawmakers demanded a Congressional hearing to review whether the Federal Reserve Bank of New York was unprepared to deal with the bailout of American International Group Inc.

Large banks would pay fees into a $150 billion fund to be used to make payouts to the creditors and counterparties of a failed big bank so that its collapse would not unsettle the financial markets, under a provision of bank regulatory reform legislation being considered by a congressional committee Thursday.

Lawmakers on a key House committee considered a measure Wednesday that would allow major banking institutions to voluntarily pay fees through which they would buy federal guarantees for financial assets.

There are lots of jokes about Alabama not being top 10 in the nation on any number of issues.

Nov. 10, 2009 - Military groups opposed to seeing credit unions assessed monies by FDIC for a systemic risk fund for the wind-down of large financial firms are making their views known on Capitol Hill.

H.R. 3962, the Affordable Health Care for America Act. Did Big Insurance get to them? From President Obama's address on health care to a joint session of Congress September 9, 2009 "So let me set the record straight here.

Senator Jon Kyl and Rep. Spencer Bachus co-signed a letter to Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke last week opposing calls to delay the Dec.