Off Air Stay Tuned!

The Future of Automobile Insurance in the Era of Autonomous Vehicles

The Housing and Insurance Subcommittee met today to examine the development of the autonomous vehicle and its effect on the future of automobile insurance. For the first time, emerging automobile technology is intersecting with the financial industry, changing the business of property and casualty insurance. Today’s hearing examined the relationship between insurance companies, automobile manufacturers, and technology companies to better understand the impact of autonomous vehicles on the future...

Fueling Capital and Growth on Main Street

The Subcommittee on Capital Markets, Securities, and Investments held a hearing today to review eleven legislative proposals to help fuel capital and growth on Main Street. The legislative proposals considered were: H.R. 5054, the “Small Company Disclosure Simplification Act of 2018,” introduced by Rep. David Kustoff (R-TN), to provide an exemption for emerging growth companies and other smaller companies from the requirements to use Extensible Business Reporting Language (xBRL) for financial st...

Chairman Hensarling Statement on Confirmation of Montgomery as FHA Commissioner

House Financial Services Committee Chairman Jeb Hensarling released the following statement regarding Senate confirmation of Brian Montgomery for the dual role of Commissioner of the Federal Housing Administration (FHA) and Assistant Secretary for Housing at the Department of Housing and Urban Development (HUD). “I want to congratulate Brian Montgomery on his confirmation to be the new FHA Commissioner and HUD Assistant Secretary for Housing. Mr. Montgomery’s confirmation could not come at a mor...

Committee Advances Three Bills

This week, the Financial Services Committee approved three bills, bringing the total number of bills reported out of the Committee this Congress to 102. “These three important measures support the Committee’s continued efforts to increase housing mobility for low-income families, create opportunity for individuals recovering from opioid addiction, and improve our security review process to support U.S. foreign investment,” said Committee Chairman Jeb Hensarling (R-TX). “I want to thank all of ou...