Videos

Witnesses testified on the effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the financial services industry, consumers, and American competitiveness since its enac…

Treasury Secretary Geithner testified on the annual report of the Financial Stability Oversight Council (FSOC), created by the Dodd-Frank financial regulations law to monitor excessive risk …

The House debated resolutions relating to offshore drilling.

Federal Reserve Chair Ben Bernanke testified about the Federal Reserve Board’s semiannual report on monetary policy. In his remarks he said the U.S. would not slip back into recession, unles…

Jamie Dimon testified on JPMorgan Chase’s $2 billion trading loss on May 10, 2012 He apologized for the trading losses, but he stressed that no taxpayer money was lost and that the bank rema…

Federal regulators testified on JPMorgan Chase’s $2 billion trading loss on May 10, 2012, and business practices in the banking industry. Among the topics addressed were risk management prac…

Representatives Kevin Brady (R-TX) and Barney Frank (D-MA) testified on their differing legislative proposals to reform the Federal Reserve System. Representative Brady’s version included ge…

The House worked on commerce, justice and science appropriations.

Treasury Secretary Geithner testified on the state of the international financial system. Among the topics addresses were the European sovereign debt crisis, the United States exposure and r…

Richard Cordray outlined a number of new rules and initiatives under consideration at the new Consumer Financial Protection Board (CFPB). He said the CFPB would try to craft universal mortga…

Ben Bernanke testified on the U.S. economic outlook for the year and the future of economic growth. Topics included inflation and unemployment, reform of Social Security and Medicare, and bu…

Development and Rural Jobs Act of 2011 (Modified Open Rule) The rule provides for no further general debate and makes in order any amendment that has been preprinted in the Congressional Rec…

Financial regulators testified on implementing the Volcker Rule, which prevents federally insured institutions from investing in hedge and private equity funds. The rule was part of the 2010…

Committee members voted 52 to 4 to block over $12 million in executive bonuses at government backed mortgage companies Fannie Mae and Freddie Mac. The bonuses were approved by the Federal Ho…

Edward DeMarco testified about purposed changes to the secondary mortgage market and proposed legislation establishing a new market that would replace Fannie Mae and Freddie Mac. Among the i…

Treasury Secretary Timothy Geithner testified on the U.S. economy and financial stability. Among the topics addressed were mortgage refinancing, banking regulations, the work of the Financia…

Officials testified about Securities and Exchange Commission (SEC) operations and proposed regulatory changes. Among the topics they addressed were the role of credit rating agencies in the …

The House Financial Services Committee held a hearing titled “Fixing the Watchdog: Legislative Proposals to Improve and Enhance the Securities and Exchange Commission.” Members made opening …

The House debated amendments to the fiscal year 2012 defense spending bill.