Committee Holds SEC Accountable On Tuesday, the full committee held an oversight hearing with SEC Chair Mary Jo White to discuss the Commission's agenda, operations, and 2015 budget. "The SEC’s budget has grown substantially in recent years. In fact, the SEC’s budget has increased by 80 percent in the last 10 years and by nearly 300 percent since the year 2000. I again note that when my Democratic colleagues were in the majority even after the passage of the Dodd-Frank Act, they never called for the dramatic budget increases they call for now," said Chairman Jeb Hensarling (R-TX). "Not many o... Read More »
Republicans and Democrats on the House Financial Services Oversight and Investigations Subcommittee voted 20-0 to subpoena two CFPB officials and a union representative as part of its ongoing investigation into allegations of discrimination and retaliation at the Bureau. Wall Street Journal: House Panel Votes to Subpoena CFPB Officials An investigative subcommittee of the House Financial Services Committee voted 20-0 on Tuesday to send subpoenas to three CFPB officials, drawing support from Republicans and Democrats. Under the financial panel's rules, the subcommittee is allowed to authorize s... Read More »
On Tuesday at 10:00 a.m. the Full Committee will hold a hearing to examine the economic consequences of recent rulemaking, supervisory, and enforcement actions of the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration and the Office of the Comptroller of the Currency on consumers, community financial institutions, the U.S. economy, and our domestic job-creating businesses. On Wednesday at 10:00 a.m. the Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to discus... Read More »
The House is in session Tuesday through Friday this week. Here’s what’s happening: On Wednesday at 10:00 a.m. the Oversight and Investigations Subcommittee will hold a hearing to examine allegations of discrimination and retaliation within the CFPB. Committee staff has received corroborating information from a CFPB employee who alleges she has experienced gender discrimination and retaliation for filing an Equal Employment Opportunity complaint with the CFPB’s Human Capital Office. The CFPB retained an outside investigator to examine the whistleblower’s claims. The investigator confirmed the w... Read More »
Committee Holds First in a Series of Hearings on the Impact of the National Debt On Tuesday, the Financial Services Committee held a hearing on the threat posed by our nation's rising national debt. Tuesday’s hearing was the first in a series of hearings the committee has planned to focus attention on the harmful impact the debt has on economic growth, jobs, national security, and the federal government’s ability to fund discretionary spending and entitlement programs. "Recently, I saw in the newspaper a headline that read, ‘Debts, deficits - once a focus – fade from agenda.’ Shame on us if w... Read More »
House Financial Services Committee Chairman Jeb Hensarling is trying to draw attention back to the nation’s mounting debt ahead of midterm elections that are more likely to revolve around Obamacare. The Texas Republican scheduled a series of hearings on the debt, he says, after reading a newspaper article that noted that the national debt had faded from the agenda. He held the first hearing Tuesday, inviting experts to testify on the debt and warning in his opening statement that “unsustainable levels of debt are harming our country today as we speak.” In making the case that the debt is harm... Read More »
From House Republican Conference: On Tuesday, the House Financial Services Committee convened a hearing examining our nation's debt and why it matters. Witnesses included David M. Cote, Chairman and CEO of Honeywell; Alice Rivlin, former Director of the Congressional Budget Office; and Douglas Holtz-Eakin, President of the American Action Forum. In this week’s Committee Spotlight, Chairman Jeb Hensarling (R-TX) provides a recap of the hearing, plus key clips of witness testimony. CLICK HERE TO WATCH Please also see below the Read Out from the Hearing: House Financial Services Committee Examine... Read More »
On Tuesday, the Financial Services Committee held a hearing on the threat posed by America’s rising national debt. Tuesday’s hearing was the first in a series of hearings the committee has planned to focus attention on the harmful impact the debt has on economic growth, jobs, national security, and the federal government’s ability to fund discretionary spending and entitlement programs. Washington Free Beacon: Experts to Congress: Get Serious About the Debt “A group of bipartisan experts testified before the House Financial Services Committee on Tuesday warning that Congress must act to addres... Read More »
CLICK HERE To mark Sunshine Week, Financial Services Committee Chairman Jeb Hensarling (Twitter | Facebook) delivers this week’s Sunday Video Message on the lack of transparency at the CFPB. Read More »
By Rep. John Campbell Chairman of the Subcommittee on Monetary Policy and Trade The Obama Administration is deliberately holding up economic assistance to Ukraine by trying to make permanent a temporary U.S. investment in the International Monetary Fund. The Administration is not being honest about what the IMF quota increase would actually mean for Ukraine, nor is it being transparent with the American people on the risks that this new investment will carry. The fact is that the IMF currently has assistance programs that would allow Ukraine to borrow billions of dollars, and would have the ad... Read More »
