Spencer Bachus News

Spencer Bachus News From AOL News

Obama Overhaul of Housing Finance Would Scuttle Fannie, Freddie

The Obama administration today sent to Congress proposals to reduce government support for the home finance market, a series of ambitious if sketchy and protracted moves that would wind down the federally backed mortgage giants Fannie Mae and Freddie Mac. The 32-page plan outlines steps to make room for more private...

House Votes in Favor of Financial Overhaul Bill; Senate Stalls

Today the House of Representatives voted 237-192 (largely along party lines) in favor of the most comprehensive financial reform legislation in generations: the Restoring American Financial Stability Act of 2010. While an enormous forward step for the bill's backers -- including Rep. Barney Frank, D-Mass., Sen. Chris...

Spencer Bachus News From the Web

05/31/12 Rep. Bachus: Protecting Taxpayers by Ending Bailouts Source: CNN Blogs Supporters of the Dodd-Frank Act boldly promised that by increasing government control over the economy to an unprecedented degree, they would end "too big to fail" and thus save taxpayers from future AIG-style bailouts.
05/29/12 Government Watchdog Fights Bachus' SRO Bill Source: Investment Advisor The Project on Government Oversight (POGO), a nonpartisan independent watchdog, told House Financial Services Chairman Rep. Spencer Bachus, R-Ala., and the ranking Democrat, Barney Frank of Massachusetts, in a May 29 letter that it opposes Bachus' bill to create a self-regulatory organization (SRO) to oversee advisors, H.R. 4624.
05/24/12 Hearing Set on SRO Proposal Source: Life Insurance Selling The House Financial Services Committee will hold a hearing on either June 6 or 7 on proposed legislation that would establish a self-regulatory organization (SRO) for investment advisors.
05/23/12 U.S. Representative Spencer Bachus legal defense fund... Source: The Birmingham News - Birmingham AL U.S. Rep. Spencer Bachus was cleared in an ethics probe of his personal finances, but his new legal defense fund has yet to show any activity.
05/22/12 Hearing on Bachus' SRO Bill Likely in Early June Source: Research Magazine The House Financial Services Committee is likely to hold a hearing in early June on the redraft of Rep. Spencer Bachus' bill calling for a self-regulatory organization (SRO) to oversee advisors.

Background on Spencer Bachus

Spencer Thomas Bachus III (born December 28, 1947) is the U.S. Representative for , serving since 1993. He is a member of the Republican Party and the senior member of the Alabama U.S.

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