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). The amendment prevents individuals who have been convicted of federal or state securities fraud from being exempted from SEC registration requirements when they participate in transactions with aggregate securities issuances of $1 million and where individual investments equal the lesser of $10,000 or 10 percent of a person’s annual income.

(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. For the past few months Congressman Al Green, who serves on the House Committee on Financial Services, has played a major role in the design of the legislation. 

(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. These amendments would improve disclosures by institutions receiving Small Business Lending Fund assistance and require the inclusion of multi-lingual outreach materials and considerations by participating institutions.

(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.

Passed in the House by a vote of 223 to 202, this act establishes a comprehensive set of rules that will enhance consumer and investor protections with the goal of preventing another financial crisis such as the one the nation is now recovering from.