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Bailed Out Fannie and Freddie Are Repaying Taxpayers? FALSE
Nov 7, 2013
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Reports that failed government-run corporations Fannie Mae and Freddie Mac are close to “paying back” taxpayers for the largest bailout in American history are completely false, said Financial Services Committee Chairman Jeb Hensarling (R-TX). “Fannie and Freddie have not ‘repaid’ taxpayers one thin...
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Sunday Video Message | Rep. Mick Mulvaney
Nov 3, 2013
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Congressman Mick Mulvaney (Twitter | Facebook) delivers this week's Sunday Video Message on the $1.7 billion taxpayer-funded bailout of the Federal Housing Administration.
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This Halloween, Watch Out For Those Who Are Trying to Trick You About the PATH Act!
Oct 31, 2013
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The Protecting American Taxpayers and Homeowners Act – the PATH Act – expressly preserves the 30-year fixed rate mortgage. In fact, it's the only housing reform bill that specifically does so. But those who defend the status quo are trying to trick you into believing otherwise. Don't believe those s...
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Chairman Hensarling Speaks in Support of H.R. 992, the Swaps Regulatory Improvement Act
Oct 30, 2013
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today delivered the following remarks on the House floor in support of H.R. 992, the Swaps Regulatory Improvement Act: Mr. Speaker, America’s economy remains stuck in the slowest, weakest non-recovery recovery of modern times. Million...
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CBO: PATH Act Reduces Deficit by $5.7 Billion
Oct 30, 2013
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The non-partisan, independent Congressional Budget Office (CBO) reports the Protecting American Taxpayers and Homeowners Act (PATH Act) that the House Financial Services Committee passed in July will slash the federal budget deficit by $5.7 billion over the next 10 years. “The PATH Act not only ends...
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Chairman Hensarling Opening Statement at FHA Bailout Hearing
Oct 29, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on the Federal Housing Administration’s recent $1.7 billion taxpayer-funded bailout. “On February 6 this Committee held its very first hearing of the 113th Congress...
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The FHA is Broke, but Apparently No One is Accountable
Oct 29, 2013
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Today, the House Financial Services Committee held a hearing on the Federal Housing Administration’s (FHA) first-ever taxpayer-funded bailout — approximately $1.7 billion. Despite long-standing concerns about its solvency, the FHA has not taken the necessary steps to mitigate its losses. FHA current...
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Subcommittee Examines Legislative Proposals to Bring Accountability & Oversight to the Powerful Consumer Financial Protection Bureau
Oct 29, 2013
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The Financial Services Subcommittee on Financial Institutions and Consumer Credit today examined several legislative proposals to bring accountability and oversight to the powerful Consumer Financial Protection Bureau (CFPB). The CFPB – by design –is unaccountable. Its unique and defective structure...
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Chairman Hensarling Speaks in Support of H.R. 2374, the Retail Investor Protection Act
Oct 29, 2013
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today delivered the following remarks on the House floor in support of H.R. 2374, the Retail Investor Protection Act: Mr. Speaker, at a time that the American people deserve and demand that Democrats and Republicans work together to f...
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Committee Holds Hearing on FHA’s First-Ever Taxpayer Bailout on Tuesday
Oct 28, 2013
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Washington’s latest taxpayer-funded bailout –$1.7 billion for the Federal Housing Administration (FHA) – will be the focus of a hearing on Tuesday at 10 a.m. by the House Financial Services Committee. FHA Commissioner Carol Galante will testify before the committee about the FHA’s first-ever bailout...
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