News List

  • Hensarling on Dodd-Frank's Unhappy Anniversary: Instead of ending 'too big to fail,' Dodd-Frank has created 'too small to succeed.'
    Jul 21, 2016 - Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments today on the sixth anniversary of the failed Dodd-Frank Act being signed into law: "One of the main reasons why we’re stuck in the worst economic recovery of our lifetimes is the Dodd-Frank Act, a grave mistake D... More
  • ICYMI: A Bank Too Big to Jail
    Jul 18, 2016 - Have you ever wondered why the crippling 2008 financial crisis generated almost no criminal prosecutions of large banks and their top executives? Then take a moment to read the congressional report issued on July 11 titled “Too Big to Jail.” Citing internal documents that the United States Treasury... More
    Jul 15, 2016 - Financial CHOICE Act Protects Taxpayers From Bailouts, Promotes Economic Growth The Financial Services Committee’s hearing on Tuesday focused on the new model offered by the Financial CHOICE Act in which banks operate at higher capital levels in exchange for relief from government micro-management. ... More
  • Hensarling: Attack on FHA’s Insurance Fund Must be Stopped
    Jul 13, 2016 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with Housing and Urban Development Secretary Julian Castro about sudden policy changes the Secretary is making to the sale of nonperforming loans insured by the gover... More
  • Committee Acts to Prevent Sale of U.S. Passenger Aircraft to Iran
    Jul 13, 2016 - WASHINGTON – The Financial Services Committee today approved a series of bills that are designed to prevent the sale of commercial passenger aircraft to Iran, the world’s foremost state sponsor of terrorism according to the U.S. State Department. “These bills are all part of a bipartisan effort to e... More
  • Hensarling Opening Statement at Financial CHOICE Act Hearing
    Jul 12, 2016 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing focused on the capital requirements in the Financial CHOICE Act, the Republican alternative to the Dodd-Frank Act which will offer economic growth for all and bank... More
  • House Passes Bill to Create an Equal Market Playing Field
    Jul 12, 2016 - WASHINGTON – Today, the House passed the National Securities Exchange Regulatory Parity Act of 2016, sponsored by Rep. Royce (R-CA), as amended. During a recent House Financial Services Committee Markup, Rep. Royce explained "The SEC’s interpretation of the law has created a two-tiered playing field... More
  • Subcommittee Examines the Development of Online Marketplace Lending
    Jul 12, 2016 - WASHINGTON – Today, the Subcommittee on Financial Institutions and Consumer Credit held a hearing to examine the opportunities and challenges related to Financial Technology (FinTech), particularly the development of online marketplace lending. Online marketplace lenders use online lending platforms... More
  • Too Big to Jail: Internal Treasury Documents Reveal Why Justice Department Did Not Prosecute HSBC
    Jul 11, 2016 - The House Financial Services Committee on Monday released a staff report of its investigation into the U.S. Department of Justice’s decision not to prosecute HSBC or any of its executives or employees for serious violations of U.S. anti-money laundering laws and related offenses. The Committee init... More
  • ICYMI: Fixing American Finance
    Jul 11, 2016 - Fixing American Finance Wall Street Journal Editorial July 10, 2016 House Republicans are rolling out their 2017 agenda, and one promising idea is Financial Services Chairman Jeb Hensarling’s plan for financial rules that promote economic growth and protect taxpayers. Don’t believe the shrieks that... More