Off Air Next: Hearing entitled “Examining the Federal Reserve’s Mandate and Governance Structure”

Witnesses Make Case for Repealing Volcker Rule

A Dodd-Frank Act regulation known as the Volcker Rule is harming the ability of American businesses to obtain affordable financing for long-term growth, witnesses told the Capital Markets, Securities and Investment Subcommittee on Wednesday. Staff at the Federal Reserve also concluded that the Volcker Rule has detrimental impacts for the U.S. capital markets. According to a Fed staff working paper released last December, “the net effect [of the Volcker Rule] is a less liquid corporate bond marke...

Dodd-Frank’s Inconsistent ‘Too Big to Fail’ Process

The Oversight and Investigations Subcommittee held a hearing on Tuesday to examine the arbitrary and inconsistent process used by the Financial Stability Oversight Council (FSOC) to designate systemically important financial institutions (SIFIs), or those deemed by Washington as “too big to fail.” Members of the subcommittee heard from a panel of witnesses who testified on the designation process and the recently released Financial Services Committee Majority Staff Report. This report revealed s...

Regulatory Overkill Cutting Off Access to Credit, Subcommittee Hears

The Financial Institutions and Consumer Credit Subcommittee heard testimony from witnesses on Tuesday that Washington’s regulatory burden is restricting small business and consumer access to credit. “Despite the rhetoric fed to us since its passage, consumers and small businesses haven't been protected by Dodd-Frank. Rather, the rules and regulations billed as the pathway to a stable economy have stifled small institutions and led to more restricted access to much more expensive credit. Even the...

Media Advisory: Committee Hearing Schedule for the Week of March 27

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 27: Tuesday, March 28 at 10:00 A.M. – The Oversight and Investigations Subcommittee will hold a hearing entitled “The Arbitrary and Inconsistent Non-Bank SIFI Designation Process.” The hearing will examine a recent Financial Services Committee Majority Staff Report which found significant concerns with the process employed by the Financial Stability Oversight Council (FSOC) ...