Off Air Next: Hearing entitled “The Arbitrary and Inconsistent Non-Bank SIFI Designation Process”

Subcommittee Examines Impact of the JOBS Act After Five Years

The Capital Markets, Securities, and Investment Subcommittee held a hearing on Wednesday to examine the Jumpstart Our Business Startups (JOBS) Act, five years after its passage. Members of the subcommittee heard from a panel of witnesses who testified on the impact of the JOBS Act on capital formation, job creation and economic growth. “It's time to refocus the SEC to advance a broader capital formation agenda. Let’s continue to build upon the success of the bipartisan JOBS Act by further modern...

Oversight Subcommittee Examines Unconstitutional Structure of the CFPB

The Oversight and Investigations Subcommittee held a hearing on Tuesday to examine how the structure of the Consumer Financial Protection Bureau (CFPB) violates the Constitution. The subcommittee also discussed possible changes to the Bureau that would make it constitutional and accountable to the American people. “Created under the Obama-era, 'Washington knows best' mindset, the CFPB is an unconstitutional behemoth that side-steps accountability to Congress and the President. With an imperial D...

Subcommittee Examines Chilling Impact of Dodd-Frank on New Financial Institutions

Members of the Financial Services Financial Institutions and Consumer Credit Subcommittee met on Tuesday to examine the chilling impact that the Dodd-Frank Act has had on the creation of new or “de novo” financial institutions. “Today, we took the first step at looking into why there are so few new banks and the barriers to entry for would-be community financial institutions. The historical data paints a very clear picture of what has happened since the passage of Dodd-Frank. From 2010 to 2016, ...

Media Advisory: Committee Hearing Schedule for the Week of March 20

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 20: Tuesday, March 21 at 10:00 A.M. – The Oversight and Investigations Subcommittee will hold a hearing entitled “The Bureau of Consumer Financial Protection’s Unconstitutional Design.” The hearing will examine whether the structure of the CFPB violates the Constitution as well as structural changes to the Bureau to resolve any constitutional infirmities. Tuesday, March 21 a...