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Chairman Hensarling Comments on Fed’s Continued Monetary Stimulus
May 1, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today regarding the Federal Reserve’s announcement of continued monetary stimulus: “Like a patient who has been administered too many antibiotics, the economy is less and less responsive to the Fed’s continue...
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Chairman Hensarling Comments on FHFA Director Nomination
May 1, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today regarding President Obama’s nomination of a director for the Federal Housing Finance Agency: “Mel Watt is a senior and well respected member of the committee, but he is not the issue. The issue is the ad...
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Chairman Hensarling Outlines Steps for Sustainable Housing Policy
Apr 24, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s committee hearing on regulatory impediments to the re-entry of private capital in the housing finance sector. The committee has been holding a series of hearings on the need to create a ...
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Subcommittee Examines U.S. Role in the International Monetary Fund
Apr 24, 2013
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The House Financial Services Subcommittee on Monetary Policy and Trade today examined the U.S. role in the International Monetary Fund (IMF) and the Obama Administration’s request that Congress approve a larger U.S. quota contribution to the international organization. In 2010, the IMF’s Board of G...
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Hensarling: CFPB Has No Valid Director So Financial Services Committee Cannot Accept Testimony on Semi-Annual Report
Apr 22, 2013
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The House Financial Services Committee cannot legally accept testimony from Richard Cordray on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report until he is validly appointed as the bureau’s director, said Rep. Jeb Hensarling (R-TX), the committee’s chairman. However, the committ...
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Who is Too Big to Fail?: Hearing Examines if Dodd-Frank Authorizes the Break Up of Financial Institutions
Apr 17, 2013
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After two and half years, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) have yet to clarify their authority under the Dodd-Frank Act to break up large financial institutions, leaving questions as to what their view of this authority is, the Financial Services Committee Ove...
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SEC’s Failure to Implement Bipartisan JOBS Act Harms Economy
Apr 17, 2013
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By ignoring the deadline to implement a key provision of a bipartisan law approved a year ago, the Securities and Exchange Commission (SEC) is costing America’s struggling economy desperately needed jobs, members of the Financial Services Oversight and Investigations Subcommittee said today during ...
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Subcommittee Hearing Examines Regulatory Burden on Community Banks
Apr 16, 2013
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The regulatory burden stemming from the confusing, complex and voluminous rules and regulations mandated by the Dodd-Frank Act are having a harmful effect on community banks’ ability to serve their customers, according to industry experts testifying at today’s House Financial Services Committee Fin...
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Hensarling Votes for Legislative Response to Obama’s Unconstitutional Labor Relations Board Appointments
Apr 12, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today voted for legislation requiring the National Labor Relations Board (NLRB) to cease activity until legal uncertainty over the President’s appointment of board members is resolved. In January, the U.S. Court of Appeals for the District...
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Subcommittee Discusses Bipartisan Bills to Fix Dodd-Frank Derivatives Provisions, Strengthen SEC Accountability
Apr 11, 2013
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Bipartisan measures to fix unintended consequences of derivatives provisions in the Dodd-Frank Act and to require the Securities and Exchange Commission (SEC) to conduct cost-benefit analyses of regulations were discussed during a hearing today of the Financial Services Subcommittee on Capital Mark...
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