*Bipartisan vote in Senate fails to boost prospects. The Democratic-controlled Senate on Thursday approved a bipartisan immigration bill backed by President Barack Obama, but leaders of the Republican-controlled House of Representatives are not expected to take action on the measure.
WASHINGTON, Oct 5- Lawmakers and a regulator on Friday took steps to help assauage swap players' concerns about complying with confusing rules that are set to take effect on Oct. 12.
Rep. Spencer Bachus (R-AL) was on CNBC’s “Squawk Box” this morning discussing the financial services industry in the wake of JPMorgan’s trading losses.
"They ruled six to nothing, that not only did I not insider trading but I violated no ethical rules nor any standards of conduct," says Rep. Spencer Bachus, (R-AL) Alabama, discussing insider trading charges brought against him and the results of an Office of Congressional Ethics investigation that followed.
"I've quit trading altogether," says Rep. Spencer Bachus, (R-AL), discussing insider trading on Capitol Hill and why he believes Congressmen and Senators should be able to trade their own accounts.
Rep. Spencer Bachus, (R-AL) Alabama, discusses Mitt Romney's strategies to revamp job growth and education, and shares his thoughts on banking regulations and why he thinks the cost of Dodd-Frank costs banks too much money.
Rep. Spencer Bachus, (R-AL), provides a preview of today's House hearing on JPMorgan's trading losses with the company's CEO, Jamie Dimon as the key witness.
Discussing the investigation of House Financial Services Cmte. chairman, Spencer Bachus, with Peter Schweizer, Hoover Institute, and whether the STOCK Act goes far enough to stop insider trading in Congress.