Topic: Richard Shelby
WASHINGTON (Reuters) - The "Race to the Top" program extends the reach of the federal government too far into states' public schools operations, a leading Republican senator said on Wednesday.The Obama administration also risks neglecting poorer states by moving toward competitive education ...
Here's a surprise: Republicans hope to repeal or significantly overhaul the financial regulatory reform legislation that passed earlier this year. According to Reuters, that sentiment has not changed in recent months. Sen. Richard Shelby, R-Ala., who serves on the Senate Banking Committee, ...
WASHINGTON (Reuters) - Financial reform legislation being debated by the Senate needs to overhaul government involvement in U.S. mortgage finance giants Fannie Mae and Freddie Mac, Senator Richard Shelby, the lead Republican on the Senate Banking Committee, said on Saturday.As the Senate ...
US Senate Democrats Thursday blocked a Republican bid to amend plans to shield consumers from predatory lending, after President Barack Obama warned the move would "gut" his financial reform bill.Two Republican senators joined the Democrats to defeat the amendment to legislation that ...
Republicans circulate alternative regulatory plan in wake of filibuster of Democratic billRepublicans are circulating an alternative plan for financial regulation that would provide more limited consumer protections than Democrats and would impose new regulations on mortgage giants Fannie Mae and Freddie Mac.The ...
New bank tax gaining support in Congress as Democrats look to finance election-year agendaA new tax on large banks is picking up support in Congress as Democrats target financial institutions that benefited from the Wall Street bailout to help pay for their ...
WASHINGTON (Reuters) - A Democratic lawmaker and top bank regulator on Monday defended legislative efforts that they say would end the perception that some firms are "too big to fail," challenging Republican complaints about the financial reform bills.The defense of the financial ...
Back on March 11, when Chris Dodd put financial reform on a forced short timetable, I said that " Well, that date has been and gone, and now a bill with no Republican support has been pushed through the Senate banking committee ...
Administration calls for limits on size of financial institutions, pushes consumer protections The Obama administration waded into negotiations over Wall Street regulations Wednesday, calling for limits on the size of financial institutions and insisting that consumer protections remain a central objective of ...
WASHINGTON (Reuters) - A senior Republican U.S. senator has made at least two counter-offers to Democrats on creating a new government watchdog for financial consumers, Reuters learned on Monday from aides and documents.Senator Richard Shelby proposed making the watchdog a division of ...