Off Air Next: Hearing entitled “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs”

Financial CHOICE Act Will Result in Economic Growth, End Bailouts

Several witnesses scheduled to appear before the House Financial Services Committee on Wednesday to discuss the Financial CHOICE Act are praising the proposal’s focus on economic growth, accountability and ending bank bailouts. CHOICE – which stands for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs – is the Republican alternative to the failed Dodd-Frank Act which has contributed to the slowest economic recovery since at least World War II and enshrines taxpayer-funded...

A Better Idea for Bankrupt Big Banks

By Stephen E. Hessler The most significant Wall Street reform in nearly a decade may soon become law. Last Friday President Trump directed Treasury Secretary Steven Mnuchin to review Title II of the 2010 Dodd-Frank Act, which gives the federal government authority to wind down involuntarily failing financial institutions. Treasury is to issue a report that considers whether changing the U.S. Bankruptcy Code “would be a superior method of resolution for financial companies” while preventing bailo...

Committee Schedule for the Week of April 24

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 24: Wednesday, April 26 at 10:00 A.M. – As announced by the Chairman earlier in the week, the Committee will hold a hearing to discuss the Financial CHOICE Act of 2017. More information on the bill, including text of the discussion draft, is available at FinancialCHOICE.gop. Thursday, April 27 at 2:00 P.M. – The Terrorism and Illicit Finance Subcommittee will hold a hearing ...

Hensarling Praises President’s Action to Stop Dodd-Frank Bailouts for Wall Street

Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments after President Trump today took action to stop regulators’ ability to designate companies “too big to fail” and the use of the Dodd-Frank Act’s bailout authority pending reviews by the Department of the Treasury: “Democrats promised the American people that Dodd-Frank would end ‘too big to fail’ and bailouts, but with Dodd-Frank the big banks got even bigger and bailouts are enshrined into law. Dodd-Frank ac...