WASHINGTON (12/22/10)--Just weeks after becoming House Financial Services Committee chairman when the 112th Congress convenes, Rep. Spencer Bachus (R-Ala.) will be among the speakers addressing the thousands of credit union representatives in attendance at the Credit Union National Association’s (CUNA) 2011 Governmental Affairs Conference. Bachus succeeds Rep. Barney Frank (D-Mass.) as head of the committee as the majority in the House changes to Republicans after the 2010 midterm elections. Bachus has announced new financial services committee members and other committee leadership appointees in recent weeks.
A review of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, and discussion of the Dodd-Frank regulatory reform bill are among the issues that Bachus plans to take on when he takes over early next year. Bachus has said that he and his fellow new committee leaders are “ready to hit the ground running." Bachus, who joined the House of Representatives in 1993 and has served as the ranking Republican on the Financial Services Committee for the past four years, has called credit unions "an integral part of our financial system" and has praised credit unions for their pro-consumer work and their straightforward credit practices. Rep. Debbie Wasserman Schultz (D-Fla.) also has joined the GAC’s lineup of speakers. Schultz was one of 105 House members who earlier this year urged the financial regulatory reform conference committee to keep language on interchange fees out of the final comprehensive financial regulatory legislative package.
The GAC will open with a performance by classic rockers Three Dog Night, and will also feature a keynote speech by "Miracle on the Hudson" pilot Captain Chesley B. "Sully" Sullenberger III and political point-counterpoint between conservative commentator Mary Matalin and liberal Web leader Arianna Huffington. Political pundits and co-authors of The New York Times
No. 1 best-seller "Game Change: Obama and the Clintons, Palin and McCain, and the Race of a Lifetime" Mark Halperin and John Heilemann, will also discuss their book, the historic 2008 and nascent 2012 presidential campaigns, and other pressing political topics during their GAC appearance. The GAC begins on Feb. 27. in Washington, D.C. To register for this year's GAC, use the resource link.