Off Air Next: Markup of H.R. 4439, H.R. 5735, H.R. 5749, H.R. 5793, and H.R. 5841

Hensarling: Committee Must Examine Allegations of Latest Fannie Mae Backdoor Schemes

House Financial Services Committee Chairman Jeb Hensarling released the following statement following media reports that high ranking Fannie Mae employees have been intentionally violating their government prohibition on lobbying through a series of secret meetings to remove the failed mortgage giant from federal oversight. “When Fannie Mae went broke, it came begging taxpayers for what has turned out to be $120.836 billion in federal bailouts so far. As a condition of receiving those funds, Fan...

An Overview of Homelessness in America

The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness. The majority of programs to reduce homelessness and provide assistance in housing services fall under the responsibility of the Department on Housing and Urban Development (HUD) and Veterans Affairs (VA). The McKinney-Vento Act plays a key role in reducing homelessness. Congress has increased ...

The Securities and Exchange Commission and the Division of Enforcement

The Subcommittee on Capital Markets, Securities, and Investments held a hearing today to oversee the Securities and Exchange Commission’s (SEC) Division of Enforcement (Division). The hearing examined the mission, operation, and current initiatives and activities of the Division. The Subcommittee also observed how the Division’s agenda is consistent with the SEC’s Congressionally-mandated, three-part mission to protect investors, maintain fair, orderly, and efficient markets, and to facilitate c...

The Implementation of FinCEN’s New Rule

WASHINGTON – The Terrorism and Illicit Finance Subcommittee met today to examine the implementation and enforcement of the Financial Crimes Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule to improve anti-money laundering efforts while safeguarding the U.S. financial system for its proper use. “Last week the Customer Due Diligence rule went into effect, capping a 6-year effort by FinCEN to address shortcomings in our anti-money laundering and countering terrorist financing regula...