Off Air Next: Markup of H.R. 1624, H.R. 2864, H.R. 3110, H.R. 3321, H.R. 3326, and H. Res. 442

House Republicans Introduce Resolution to Stop CFPB's Anti-Consumer Law

<br> <br> Today, Republicans on the House Financial Services Committee introduced a resolution of disapproval to nullify a controversial rule published by the Consumer Financial Protection Bureau (CFPB) that benefits class action trial attorneys at the expense of consumers. H.J. Res 111, sponsored by Rep. Keith Rothfus (R-PA), uses Congressional Review Act (CRA) authority to repeal this harmful rule and prevent the Bureau from issuing any similar rule relating to arbitration. “As a ...

Subcommittee Examines Impact of Monetary and Fiscal Policy on Price Stability and Economy

The Subcommittee on Monetary Policy and Trade held a hearing today to discuss the impact of monetary and fiscal policy on price stability and the economy. In particular, the hearing examined the interaction between U.S. fiscal policy and monetary policy decisions made by the Federal Open Market Committee (FOMC) at the Federal Reserve. “A Federal Reserve that has taken on the authority to decide where to spend taxpayers’ money weakens the independence of monetary policy, accommodates our unsustai...

Sanctioning North Korea

The Subcommittee on Monetary Policy and Trade held a hearing today to discuss restricting North Korea’s access to financial services and examine ways to increase the ability of foreign countries to enforce North Korean sanctions. “Hovering over today’s hearing was not only a sense of urgency, but disappointment in years of misguided assumptions about the North's behavior and vulnerability to pressure,” said Subcommittee Chairman Andy Barr (R-KY). “If we are to change North Korea's calculations, ...

The Cost of Going Public

The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to examine the burden that federal corporate governance policies – particularly under the Sarbanes-Oxley and Dodd-Frank Acts – have on public companies, and to discuss ways to ease the unnecessary regulatory burdens faced by public companies to facilitate capital formation and promote economic growth. “I find it extremely concerning that the number of publicly traded companies is approximately half of what it wa...