Off Air Next: Markup of FY18 Budget Views and Estimates

WEEK IN REVIEW

Federal Reserve Chair Testifies Before the Committee “Economic growth has been quite disappointing,” Federal Reserve Chair Janet Yellen acknowledged to the Financial Services Committee on Wednesday during her Semi-Annual Monetary Policy Report to Congress, echoing points made by Chairman Jeb Hensarling (R-TX) during his opening statement that Americans have suffered through eight years of subpar growth and stagnant paychecks. “I believe the last eight years have shown that no amount of monetary ...

Subcommittee Assesses U.S.-EU Covered Agreement

Members of the Financial Services Housing and Insurance Subcommittee met on Thursday to discuss and hear expert testimony on the recently announced “covered agreement” reached between the United States and the European Union on insurance and reinsurance. “I believe this committee should seriously consider improvements to international insurance negotiations more generally to enhance the role of state insurance regulators,” said Subcommittee Chairman Sean Duffy (R-WI). Key Takeaways from the Hear...

Hensarling: Failed Regulatory State, Obamacare, Dodd-Frank Are Fiscal Policy Headwinds

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to receive the Monetary Policy and State of the Economy report from Federal Reserve Chair Janet Yellen: After eight years of the largest monetary policy stimulus in our history and the most unconventional monetary policy in our history, Americans recently received disappointing economic news yet again. It is official: the economy grew at a measly 1.6 percent in ...

Spike in FHA Delinquencies Shows President Trump Right to Suspend Last-Minute Obama Move

House Financial Services Committee Chairman Jeb Hensarling (R-TX) said today’s announcement that Federal Housing Administration mortgage delinquencies jumped at the end of 2016 shows President Trump made the right decision to suspend and review the outgoing Obama Administration’s lowering of FHA mortgage insurance premiums. “Essentially as he was walking out the White House door and heading to his kitesurfing vacation in the Caribbean, President Obama put hardworking taxpayers at greater risk of...