- 12/17/2008
Frank Statement on SEC Adoption of Equity-Indexed Annuities Rule
Washington, DC - House Financial Services Committee Chairman Barney Frank (D-MA) released the following statement on the adoption of a final rule by the Securities and Exchange Commission today that would define certain types of “equity-indexed annuities” as securities, rather than insurance products, for purposes of the Federal securities laws:
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- 12/16/2008
Frank Urges Paulson to Adhere to Auto Industry Bridge Financing Agreement
Washington, DC - House Financial Services Committee Chairman Barney Frank (D-MA) sent a letter today to Treasury Secretary Henry Paulson, regarding bridge financing to the U.S. domestic auto industry. Chairman Frank urged Secretary Paulson to adopt accountability protections identical to those contained in H.R. 7321, the auto rescue legislation negotiated with the White House, and passed last week in the House of Representatives. “Given the serious mistakes that senior auto industry executives acknowledge they have made in the past, such safeguards are absolutely necessary to ensure that taxpayers are protected and that the retooling of this critical industry proceeds as quickly as possible,” wrote Chairman Frank.
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