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Hensarling Opening Statement at Hearing with Federal Reserve Vice Chairman for Supervision

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with the Federal Reserve’s Vice Chairman for Supervision Randal Quarles: This morning, we welcome back for his semi-annual testimony, The Honorable Randy Quarles, the Federal Reserve’s Vice Chairman for Supervision. As we know all too well, the Dodd-Frank Act dramatically increased the Fed’s powers way beyond its traditional monetary policy responsibilities. Through so-called ...

Hensarling Statement on Federal Reserve Supervision Proposal

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement after the Federal Reserve proposed changes to the enhanced prudential standards for some of the regional and larger banks in the U.S. in response to requirements in the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155). “As has been said many times before, the Dodd-Frank Act hurt economic growth for years by creating a burdensome and patchwork regulatory regime that saddled ...

Hensarling Condemns String of Suspicious Packages

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement strongly condemning the string of suspicious packages sent to public officials and CNN today. “These explosive devices were not just aimed at government officials and news organizations but they were aimed, profoundly and disturbingly, at our American democracy. All of us, from across America’s vast political spectrum, must condemn these attempts at political terror and intimidation in the strongest ...

Hensarling: Taxpayers Deserve Far Better

Financial Services Committee Jeb Hensarling (R-TX) released the following statement after the Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) issued a report on the potential management and performance challenges of 2019: “As was demonstrated at the Committee’s hearing on September 27 with FHFA Director Mel Watt and FHFA’s Inspector General, this country’s government-run housing finance system is broken. The FHFA has failed as both the conservator and the regulator of the...