Lawmakers who say moribund trading in smaller companies limits access to capital have proposed rolling back penny pricing in some U.S. equities. Executives and some of the biggest money managers say it’s not the answer.
First-term Representative Sean Duffy leveraged voter backlash over expanded government into an election win last year. His support last week for the U.S. debt- reduction deal is leaving the Republican vulnerable to a potential revolt of his own.
Securities executives are trying to determine if the 12-year-old decision to narrow the price increments for American stock trading has harmed investors, according to two people with knowledge of the matter.
Sean Duffy and Chip Cravaack are the emblematic politicians of the 2010 congressional elections: Tea Party-backed Republicans who won in heavily Democratic districts and succeeded two of the most powerful figures in the U.S. House of Representatives.
U.S. House Republicans will advance legislation to further deregulate securities laws for small public companies and startups, saying the changes would spark more investment, Representative Scott Garrett said today in Washington.
U.S. lawmakers are close to agreement on a plan to continue a payroll-tax cut for two months and require the Senate to appoint negotiators to discuss a longer-term plan, a Republican congressional aide said.
Redistricting obliterated his House seat serving central Iowa. Still, Republican Representative Tom Latham has something going for him: a 4-1 cash edge in his re- election race against Democratic Representative Leonard Boswell in a merged district.
The U.S. House has a message for voters who want to cut spending: It passed a bill repealing a long-term health care program that the Obama administration had already dropped, and would bar welfare recipients from spending their benefits in strip clubs and casinos.