Financial Services

(Washington, DC)--Yesterday, the House Financial Services Committee approved an amendment sponsored by Congressman Al Green (TX-09) that would target executive compensation abuses at Fannie Mae and Freddie Mac by requiring that the pay of their senior executives be similar to that of other federal banking regulators.

(Washington, DC)--Today, the House Financial Services Committee passed an amendment by voice vote, introduced by Congressman Al Green (TX-09), to the Entrepreneur Access to Capital Act (H.R. 2930).

(Washington, DC)--Today, Congressman Al Green (TX-09) applauded the Senate passage of the Conference Report on the Restoring American Financial Stability Act of 2010 (H.R.4173), which passed  by a vote of 60-39. According to Green, this bill is not only fair for the American people, but historic for the nation.

(Washington, DC)--This week, the U.S. House of Representatives passed two amendments sponsored by Congressman Al Green (TX-09) to H.R. 5297, the Small Business Lending Fund Act of 2010.

(Washington, DC)--Today, Congressman Al Green (TX-09) voted to pass historic legislation that will bring about the biggest changes in financial regulation since the New Deal, by voting in favor of H.R. 4173, the Wall Street Reform and Consumer Protection Act.

(Washington, DC)--Congressman Al Green (TX-09) attended today a meeting at the White House in which President Barack Obama pushed for the prompt creation of a Consumer Financial Protection Agency, which is a key factor of the President’s proposed financial regulatory reform.

(Washington, DC)--Today, Congressman Al Green and Congressman Ed Perlmutter sent a letter to Securities and Exchange Commission (SEC) Chairman Mary Schapiro proposing possible modifications to the “mark-to-market” accounting standards currently in place.  The mark-to-market standards have been criticized for exacerbating the ongoing financial crisis by causing extensive write