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Washington Examiner: Big banks love Democrats' big government

5/22/2017 There wasn't a single Republican in the room on April 28, but Wall Street was well represented. House Democrats had gathered inside the Financial Services Committee for a special minority hearing to discuss the dangers of rolling back the Dodd-Frank Act's sweeping regulations. Instead of bankers or traders or regulators, Democrats called none other than Sen. Elizabeth Warren to testify. Warren loves to talk tough as though she is the crusading scourge of Wall Street. But is that really...

Chairman Hensarling Reacts to Decision on Fiduciary Rule

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding today’s decision by the Department of Labor on the controversial fiduciary rule: “I was there in the Oval Office when President Trump signed his Presidential Memorandum on the Obama administration’s fiduciary rule. I don’t see how the Department of Labor’s decision is commensurate with the President’s Memorandum, so I am disappointed. It regrettably appears Obama era bureaucrats in the Depa...

Chairman Hensarling's Statement on President's Budget Proposal

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on President Trump's Fiscal Year 2018 budget proposal: “The higher taxes, spending and borrowing that were the pillars of Obamanomics brought us the weakest economic recovery in our lifetimes, stagnant paychecks and more new debt than nearly all other presidents combined. Left unchecked, our nation is driving at breakneck speed toward a spending-driven debt crisis that will leave us a nation of downs...

CBO Destroys Democrat Talking Point Against Financial CHOICE Act

The non-partisan, independent Congressional Budget Office (CBO) exposed the Democrats’ top talking point against the Financial CHOICE Act for the lie it is. “Democrats have sought to portray the legislation as a giveaway to big banks,” the Washington Examiner notes, yet the CBO reports that “the biggest U.S. banks likely would not get relief from the new banking rules in the legislation.” “[T]he budget office's finding that the eight U.S. banks considered potential threats to the financial syste...