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Last updated on April 16, 2014 at 5:49 EDT

Latest Michael Oxley Stories

2006-06-30 18:52:21

By David Lawder WASHINGTON (Reuters) - The Republican chairman and top Democrat on the House Financial Services Committee on Friday voiced concerns that a proposed tightening of capital standards for Federal Home Loan Banks may harm the U.S. housing finance system. Rep. Michael Oxley, the Ohio Republican who heads the panel, and Massachusetts Rep. Barney Frank, the ranking Democrat, said in a letter to Federal Housing Finance Board Chairman Ronald Rosenfeld that he should be...

2006-06-29 14:12:44

By Andy Sullivan WASHINGTON (Reuters) - Republicans intensified their criticism of news media over security issues on Thursday as the U.S. House of Representatives debated a resolution that condemns public disclosure of secret surveillance programs. Republican lawmakers in both houses of Congress said government employees who revealed details of a secret Treasury Department effort to monitor bank transfers to the New York Times and other news outlets had undermined national...

2006-06-06 15:21:58

By Kristin Roberts WASHINGTON (Reuters) - Key lawmakers in the U.S. House on Tuesday criticized the Senate for failing to advance legislation to stiffen oversight of Fannie Mae and Freddie Mac despite multibillion-dollar accounting scandals at both. Calling Fannie Mae "the Enron of the financial services industry," House Financial Services Committee Chairman Michael Oxley said a scathing report on Fannie's $11 billion in accounting errors should be enough to push the Senate forward....

2006-05-24 10:24:24

WASHINGTON (Reuters) - U.S. House Financial Services Chairman Michael Oxley on Wednesday said he expects either informal or formal negotiations to determine a final bill aimed at easing oversight of the financial services industry once the Senate passes it. The bill, which includes a host of provisions to reduce what are seen as redundant and outdated regulations on banks, savings institutions and credit unions, is widely supported by the industry and regulators. The Senate Banking...

2006-05-03 12:50:42

WASHINGTON (Reuters) - The chairman of the U.S. House Financial Services Committee on Wednesday told Reuters he would consider taking the Senate's version of a bill to ease regulatory oversight of banks and credit unions if the Senate approves it as is. "If it is pretty much what it is now, we may very well just go ahead and take it," Republican Rep. Michael Oxley of Ohio said. "I'm not going to break my pick on that one."

2006-03-23 17:00:50

By Joel Rothstein WASHINGTON (Reuters) - Sen. Paul Sarbanes on Thursday defended the benefits of his eponymous corporate reform law against critics who are trying to roll back some of the regulations they say were hurried overreactions to corporate scandals. "I think the law is working as intended," the Maryland Democrat said at a consumer group meeting. "That legislation came in direct response to a crisis whose dimensions in retrospect are all too easy to play down." The...

2006-03-03 14:49:50

By Joel Rothstein WASHINGTON (Reuters) - U.S. Rep. Michael Oxley, an author of the Sarbanes-Oxley corporate reform law passed after Enron and other corporate scandals, said federal regulators have the legal authority to roll back key provisions for smaller U.S. public companies, according to a letter released on Friday. A Securities and Exchange Commission advisory panel recently urged the elimination of the law's stiff internal controls accounting requirements -- known as Section...

2005-11-01 16:26:27

WASHINGTON (Reuters) - U.S. Rep. Michael Oxley, the chairman of the powerful House Financial Services Committee and co-author of a 2002 law aimed at cleaning up corporate America, said on Tuesday he would not seek re-election in 2006. The Ohio Republican, 61, would have faced losing his chairmanship after 2006 under U.S. House of Representatives rules that limit tenure to six years. "We've achieved great things as a team ... there comes a time to move on," Oxley said in a statement...

2005-11-01 09:53:11

WASHINGTON (Reuters) - U.S. Rep Michael Oxley, chairman of the powerful House Financial Services Committee and an Ohio Republican, said on Tuesday he would not seek re-election in 2006, after serving 25 years in Congress. Oxley, 61, became chairman of the House Financial Services Committee in 2001 as the committee's jurisdiction was expanded to include securities and insurance issues in addition to banking matters. Oxley co-sponsored the 2002 Sarbanes-Oxley legislation which called...

2005-10-31 21:29:53

WASHINGTON (Reuters) - The chairman of the U.S. House Financial Services Committee, Ohio Republican Rep. Michael Oxley, could announce his retirement as early as Tuesday, sources close to the congressman said on Monday. Oxley's spokeswoman did not return calls for comment. Oxley most recently shepherded a bill through the House of Representatives to overhaul regulation of mortgage finance giants Fannie Mae and Freddie Mac. The bill must still clear the Senate, which is unlikely this...