Off Air Stay Tuned!

Subcommittee Examines CFIUS

The Subcommittee on Monetary Policy and Trade held a hearing today to examine the operations and challenges of the multi-agency Committee on Foreign Investment in the United States (CFIUS). The panel examines proposed foreign investments in the U.S. and can advise the president to block deals on national security grounds. “The statute under which CFIUS operates has not been updated in a decade, and clearly we should think about modernizing it,” said Subcommittee Chairman Andy Barr (R-KY). “This ...

House Helps Consumers Cope with Voluminous Privacy Notices and Increases Oversight of Aircraft Sales to Iran

The House of Representatives passed two important bipartisan pieces of legislation from the Financial Services Committee on Thursday that would cut outdated Washington regulations and increase Congressional oversight of business Treasury authorizes with Iran. H.R. 2396, the Privacy Notification and Technical Clarification Act Sponsored by Representative David Trott (R-MI), the Privacy Notification and Technical Clarification Act would reduce confusion among consumers when they receive annual pri...

Committee Advances 13 Bills

This week, the Financial Services Committee approved 13 bills on a range of subjects from economic growth, to consumer protection, to Native American housing and human trafficking. This week’s markup follows a very productive year for the Committee, which has held 54 subcommittee hearings, 12 full committee hearings, and seven full committee markups since January, and has seen 31 of its bills passed by the House and six signed into law. “Today, our committee continues playing its part to build a...

ICYMI: The CFPB is unconstitutional so let's make it better

By Jeb Hensarling December 12, 2017 There has been much news recently about who lawfully controls the Consumer Financial Protection Bureau, an appointee of Barack Obama or an appointee of Donald Trump. The CFPB may provide great political theater, but it represents profoundly bad government. Instead of allowing this controversy to devolve into another fight between the right and left, this should instead be a debate between what's right and what's wrong. It's right to have a federal agency work...