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ICYMI: The Art of a Banking Deal

May 23, 2018 Headlines portray Congress as a swamp of dysfunction, but the House on Tuesday showed that the parties and chambers can work together by passing a bipartisan Senate banking reform, 258-159. Notwithstanding its shortcomings, the bill is an important step away from excessive government controls. The Dodd-Frank Act turned banks into tightly-regulated utilities. Even some Democratic Senators who voted for the 2010 law—here’s looking at you, Claire McCaskill of Missouri—have experienced...

Chairman Hensarling Statement on Confirmation of McWilliams to Chair FDIC

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today applauding the Senate’s confirmation of Jelena McWilliams to serve as Chair of the Federal Deposit Insurance Corporation (FDIC). “The FDIC plays an important role in creating an environment favorable for the success of state-chartered banks, and sets the tone and direction of regulatory policies related to the nation’s banking system, making the Chair critical to ensuring a healthy, growing e...

Chairman Hensarling Attends White House Signing Ceremony on Historic Pro-Growth Financial Regulatory Reform

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon attending a signing ceremony at the White House for S. 2155, which represents the most significant pro-growth financial regulatory reform package since the passage of Gramm-Leach-Bliley nearly a generation ago. "Thanks to hard work and leadership in both the House and the Senate, this pro-growth, bipartisan package will provide much-needed regulatory relief to Main Street banks and credit unions...

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...