Financial Services

(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

(Washington, DC)--On January 21, 2009, the House of Representatives passed legislation reforming and strengthening accountability in the Troubled Assets Relief Program (TARP) included in the Emergency Economic Stabilization Act passed last October.  H.R.

(Washington, DC)--On December 10, 2008, Congressman Al Green (D-TX) joined Congressman Steven LaTourette (R-OH) in passing a bipartisan amendment to the Auto Industry Financing and Restructuring Act.  The amendment enhances transparency in the lending provided for through the Act or through the Troubled Assets Relief Program (TARP) included in the Emergency Economic Stabilization

(Washington, DC)--Today, Congressman Al Green (TX-09), a member of the House Financial Services Committee, released the following statement on the passage of H.R. 1424, the Emergency Economic Stabilization Act of 2008.

(Houston, TX)--Today, Congressman Al Green was joined by House Financial Services Committee Chairman Barney Frank at a press conference to discuss housing issues and legislation pending in the House Financial Services Committee to address the ongoing subprime mortgage crisis. 

(Washington, DC)--Yesterday, the House of Representatives passed H.R. 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007.  This bill responds to the subprime mortgage crisis by instituting much needed reform which would prevent bad loans from being made to consumers who cannot repay those loans.