Chairman Jeb Hensarling

News List

  • Oversight and Investigations Subcommittee Continues Review of ‘Too Big to Fail’
    May 15, 2013 - The Oversight and Investigations Subcommittee continued its review of the Dodd-Frank Act’s failure to end “Too Big to Fail” with a hearing on Wednesday that focused on the Act’s bailout regime. Although it has been nearly three years since Dodd-Frank became law, relatively little attention has been... More
  • House Passes JOBS Act Deadline Bill and Homes for Heroes Act
    May 15, 2013 - The House of Representatives today passed two bipartisan Financial Services Committee bills, including one that sets a deadline for the Securities and Exchange Commission (SEC) to implement a key provision of the JOBS Act. By a vote of 416-6, the House gave its approval to H.R. 701, a bipartisan bi... More
  • Garrett: We're Watching the SEC
    May 14, 2013 - Yesterday, Capital Markets & GSE Subcommittee Chairman Scott Garrett held a roundtable discussion on stock market structure in New York. Before the event, Rep. Garrett took a few minutes to speak to CNBC’s Bob Pisani about the roundtable as well as his broader thoughts on the Securities and Exchange... More
  • Requiring Regulatory Accountability at the SEC
    May 13, 2013 - Problem: As an independent agency, the Securities and Exchange Commission (SEC) is not currently subject to President Obama’s Executive Order No. 13563. The order directs non-independent executive branch agencies to perform a cost-benefit analysis on proposed regulations, tailor those regulations t... More
  • Weekly Rundown
    May 13, 2013 - Three hearings, two suspensions and one rule bill on the floor makes for a busy week at the Financial Services Committee. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists -- for updates throughout the week. Here’s what’s happening: On Wednesday the House will v... More
  • Weekend Must Reads
    May 10, 2013 - Bloomberg: Tea Party Rant II Awaits Next Homeowner Bailout On Feb. 19, 2009, CNBC editor Rick Santelli let loose on the floor of the Chicago Mercantile Exchange in response to President Barack Obama’s proposal to subsidize underwater mortgages. Santelli’s famous rant gave birth to the Tea Party. Oba... More
  • Subcommittee Discusses Defense Production Act Reauthorization
    May 8, 2013 - The House Financial Services Committee’s Monetary Policy and Trade Subcommittee heard testimony today on the importance of reauthorizing the Defense Production Act (DPA). The DPA was enacted at the outset of the Korean War to ensure the nation’s industrial resources would be available to meet the na... More
  • Dodd-Frank's Gift to AIG
    May 8, 2013 - In a recent interview on CNBC, AIG Chairman Bob Benmosche, said he expects his company to receive “systemically important financial institution” (SIFI) status — regulator speak for “too big to fail” (TBTF) — when the Fed and FDIC belatedly determine what firms constitute such “grave threats” to our... More
  • Chairman Hensarling Opening Statement at Today's Full Committee Markup
    May 7, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement today at the committee’s markup of bipartisan legislation related to the JOBS Act and the derivatives title of the Dodd-Frank Act, and a bill to require the Securities and Exchange Commission (SEC)... More
  • Bipartisan Legislation on Derivatives, SEC Accountability & JOBS Act Implementation Passed in Full Committee Markup
    May 7, 2013 - The House Financial Services Committee today passed bipartisan bills to fix unintended consequences of derivatives provisions in the Dodd-Frank Act, to promote greater accountability at the Securities and Exchange Commission (SEC), and to help implement the JOBS Act. "At a time when far too many of... More