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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 »

The House is in session Tuesday through Friday this week. Here’s what’s happening: On Wednesday at 10:00 a.m. the Monetary Policy and Trade Subcommittee will hold a hearing to examine the Federal Reserve’s role in credit allocation. This hearing is part of the Committee’s Federal Reserve Centennial Oversight Project to bring accountability and transparency to the Federal Reserve. On Thursday at 10:00 a.m., the Full Committee will markup five bills to provide regulatory relief for America’s small businesses and community financial institutions. These bills will help job creators throughout Amer... Read More »

…Wasting Millions on Office Renovations …Under Investigation …Closed Door Meetings …Shocking Report of Discriminatory Treatment …In Urgent Need of House-Approved Accountability, Oversight and Reform Bill American Banker, 3/6: CFPB Staff Evaluations Show Sharp Racial Disparities “CFPB managers show a pattern of ranking white employees distinctly better than minorities in performance reviews used to grant raises and issue bonuses. Overall, whites were twice as likely in 2013 to receive the agency's top grade than were African-American or Hispanic employees, the data shows. “What's more, those di... Read More »

6,778 total words. 40 words devoted to housing finance reform. 0 housing finance reform proposals from the Obama administration in 5 years 1 bill in Congress that protects taxpayers from ever again having to foot the bill for a housing crisis by ending the bailout of Fannie Mae and Freddie Mac and explicitly preserves the 30-year fixed rate mortgage. That bill – the Protecting American Taxpayers and Homeowners Act, the PATH Act. “Instead of perpetual bailouts, Americans want meaningful reform of our housing finance system. That is why the House Financial Services Committee passed the PATH Act... Read More »

The House is in session Monday through Wednesday this week. Here's what's happening: On Tuesday at 10 a.m. the Full Committee will hold a hearing to receive the Semi-Annual Report of the Consumer Financial Protection Bureau (CFPB). CFPB Director Richard Cordray will be the only witness. Commensurate with holding the CFPB accountable, our website now offers individuals a web form to let committee members know how the CFPB has impacted them as consumers, as business owners or how the Bureau has affected their customers. The committee’s web form gives individuals the choice of having their story ... Read More »

Welcome back for the Second Session of the 113th Congress. The House convenes on Tuesday with votes scheduled through Friday this week. Here's what's happening: On Thursday at 10 a.m. the Monetary Policy & Trade Subcommittee continues our Federal Reserve Oversight Project with a hearing on the international impacts of the Fed's quantitative easing program. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for additional information throughout the week. Read More »