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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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Chairman Hensarling Comments on Expected Taxpayer Bailout of FHA
Apr 10, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement concerning the expectation in the President’s budget that the Federal Housing Administration (FHA) will require a nearly $1 billion taxpayer bailout this year: “We now know for certain that the FHA is n...
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Subcommittee Hearing Shows FHA's Current Policies and Practices Create an Impediment to a Sustainable Housing Finance System
Apr 10, 2013
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The Federal Housing Administration (FHA), as it operates today, is an impediment to a sustainable housing finance system and must be reformed, witnesses told the House Financial Services Housing and Insurance Subcommittee today. The Financial Services Committee is holding a series of hearings on th...
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Subcommittee Hearing Examines Regulatory Burden on Credit Unions
Apr 10, 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 credit unions’ ability to serve their customers, according to industry experts testifying at today’s House Financial Services Committee Finan...
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Hensarling Announces April Hearing Schedule
Mar 21, 2013
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for April. Throughout the month, the committee will continue its focus on creating a sustainable housing finance policy, relieving the regulatory burden on small community financial institution...
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Financial Services Committee Chairman Jeb Hensarling Comments on FOMC Decision to Continue Monetary Stimulus
Mar 20, 2013
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following statement today about the Federal Open Market Committee’s decision to continue its highly accommodative monetary policy stance: “The Federal Reserve’s continued efforts at economic stimulus clearly are not working. ...
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