Off Air Next: Markup of HR 435, HR 1457, HR 2219, HR 2319, HR 2948, HR 3179, HR 3864, HR 4464, HR 4519, HR 4529, HR 4537, HR 4545, HR 4546, HR 4560, and HR 4566

House Approves Bipartisan Small Business Bill

WASHINGTON – The House passed bipartisan legislation on Thursday to simplify regulations for small business owners who want to sell or merge their companies with new owners. The “Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act of 2017 (H.R. 477)” alleviates costs to small business owners by simplifying the securities registration system for mergers and acquisition brokers who help transfer the ownership of small, privately held companies. The bill disqualifies “bad a...

Subcommittee Assesses Office of Financial Research

The Subcommittee on Oversight and Investigations met today to examine the controversial Office of Financial Research (OFR), assessing its management and structure, public work-product, its cooperation with Congress, and support of the Financial Stability Oversight Council. OFR Director Richard Berner appeared as the hearing's sole witness. “From studies that impugn the workplace culture, to low morale, multiple ongoing investigations, and today’s harsh criticism of OFR by the Government Accounta...

Subcommittee Meets to Continue Assessment of Sustainable Housing Finance

The Housing and Insurance Subcommittee held a hearing today to continue assessing views and perspectives on comprehensive housing finance reform. “Today was an important step towards reforming our housing finance system, credit enhancement, and credit risk transfers,” said Subcommittee Chairman Sean Duffy (R-WI). “Expansion of private sector capital into the housing finance system should be a key goal in any restructuring of the system. We’ve seen how successful these products have been in offlo...

Hensarling Lays Out Principles for Housing Finance Reform, Expresses Support for Bipartisan Approach

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today outlined reforms to fix America’s broken housing finance system. During a speech at a conference on the future of the U.S. housing market, Chairman Hensarling said he would work on a bipartisan basis to come up with a reform package provided it included certain key principles. He also pointed to a proposal authored by Ed DeMarco, the former acting director of the Federal Housing Finance Agency, and Michael Brigh...