News List

  • Hensarling Statement on State Department Admission That Payment to Iran Was Contingent on Release of Hostages
    Aug 18, 2016 - Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on Thursday after the State Department admitted that the United States would not hand over $400 million in cash to Iran until it released four American hostages: “There’s a word for that. It’s called ransom.... More
  • Dear White House: Here's What Community Banks and Credit Unions Are Saying About Dodd-Frank
    Aug 10, 2016 - Like Captain Renault, Americans are shocked – SHOCKED – that a report by the White House says a law supported by the White House doesn’t hurt community banks, no matter what. Well, over the last few years Republicans on the House Financial Services Committee have asked community bankers, credit uni... More
  • Down Payment Assistance Funding Scheme Violates Law, Forces Borrowers to Accept Higher Interest Rate Mortgage
    Aug 8, 2016 - WASHINGTON – The Federal Housing Administration (FHA) is steering borrowers toward a down payment assistance program with a funding scheme that violates federal law, forces borrowers to accept a higher interest rate, and poses a risk to the FHA’s insurance fund, according to the Inspector General of... More
  • Hensarling: New Law Modernizes Outdated Housing Rules
    Aug 1, 2016 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments after President Obama signed into law H.R. 3700, the Housing Opportunity Through Modernization Act: “Our committee has achieved a solid record of passing bipartisan legislation, including this ... More
  • 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