Fox Business - The Power to Prosper
Search Site

Mike Johanns

Senators Want Dodd-Frank Exemption

A bipartisan group of 12 senators is seeking to exempt non-financial companies from new rules to make banking safer, breathing new life into efforts to reduce the scope of the Dodd-Frank overhaul of Wall Street.The plans are squarely at odds with a warning from Treasury Secretary Jack Lew, who urged the Republican-controlled House of Representatives this week not to make any changes to the broad law drawn up after the 2007-09 credit meltdown."These reforms should not be weakened or repealed," Lew said in a letter to Representative Jeb Hensarling, chairman of the House Committee on Financial Services, referring to a raft of bills the panel has since adopted.Now two senators have introduced a proposal to exempt companies using derivatives to protect against losses - and not to speculate on markets - from rules that would require them to pay high safety margins.Backed by 10 other lawmakers from both parties, the bill is identical to one of nine measures adopted by the House committee on T...

Read More

  1. Republicans Divided Over Tying Renewal Of Export Agency To Capital Access Bill

    Republican senators appear divided over whether to oppose a Democratic plan to attach the reauthorization of a federal agency that supports U.S. exports to a bill th...

  2. Bernanke Says Fed Won't Bail Out Europe: Senators

    Federal Reserve Chairman Ben Bernanke told Senate Republicans in a closed-door meeting Wednesday that he has no plans to bail out Europe, according a report on WSJ.c...

  3. Lawmakers Slam Top Regulator for Ties to Corzine

    U.S. Republican senators skewered the top U.S. futures regulator for his ties to former MF Global chief Jon Corzine and said he was "ducking" his responsibilities by...

  4. Reining in America’s Mounting Red Tape

    Sen . Mike Johanns , (R-Neb.), on the three bills he introduced to cut back on government regulations.

  5. Senate Banking Committee Looks into Investigation of Downgrade

    Sen . Mike Johanns , (R-Neb.), on the potential Senate investigation of the S&P downgrade of the U.S. credit rating.

  6. Americans Answer Obama's Call, Contact Lawmakers

    Americans wasted little time Tuesday answering President Barack Obama's request to make their voice heard on the looming debt crisis, crashing websites with e-mails ...

  7. Senate Panel Backs Diamond for Fed Again

    A Senate panel on Thursday approved for the third time the nomination of Nobel laureate Peter Diamond to a seat on the Federal Reserve Board over the opposition of R...

  8. Senate panel OKs Diamond for Fed, prospects cloudy

    By Rachelle YounglaiWASHINGTON (Reuters) - A Senate panel on Thursday approved for the third time the nomination of Nobel laureate Peter Diamond to a seat on the Fed...

  9. Pol on Pushing the Free Enterprise Act

    Senator Mike Johanns on keeping America abreast of the government's attempts to acquire common stock.

  10. Senator: Bring Transparency to TARP Now

    Sen . Mike Johanns says Congress needs to reform how TARP is used.

  11. Car Czar a No-Show at Hearing

    Sen . Mike Johanns (R-Neb.) on Steven Rattner's absence on the Hill.

  12. Small Business Aid Bill Advances in Senate

    WASHINGTON –   Democrats in the U.S. Senate advanced a measure to help small businesses on Tuesday,less than two months before they face voters who blame them for an...

  1. 20 Key Players in U.S. 'Fiscal Cliff' Drama

    After the November 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of t...

  2. Sen. Johanns: You Can't Legislate Stupid

    Sen . Mike Johanns , (R-Neb.), is calling on J.P. Morgan CEO Jamie Dimon to come to Capitol Hill and explain what happened during the trading blunder.

  3. US House Panel Plans JP Morgan Hearing; Doesn't Schedule Date

    A top U.S. House Republican on financial issues said late Tuesday he plans a hearing on the more than $2 billion in trading losses that J.P. Morgan Chase & Co. (JPM)...

  4. US Senate Panel To Look At Derivatives Regulation

    Derivatives regulators are likely to be questioned about their oversight of complex trades at J.P. Morgan Chase & Co. (JPM) that resulted in a more than $2 billion l...

  5. US Senator Wants JP Morgan's Dimon To Appear Before Panel

    Sen. Mike Johanns of Nebraska, a Republican on the Senate Banking Committee, said J.P. Morgan Chase & Co. (JPM) CEO Jamie Dimon should testify about his bank's $2 bi...

  6. US Rep Neugebauer Calls For Hearing On JP Morgan Trades

    Rep. Randy Neugebauer (R., Texas) Tuesday called for a hearing to look into trading at J.P. Morgan Chase & Co. (JPM) that caused a more than $2 billion loss at the f...

  7. Former Fed Chair Volcker Brushes Off Trading Curb Concerns

    Upcoming trading regulations won't put banks out of business, former Federal Reserve Chairman Paul Volcker told lawmakers Wednesday, dismissing concerns that the rul...

‹ Prev12Next ›
Freebase CC-BY
Source: Mike Johanns on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL