Off Air Next: Continuation of Markup of HR 1264, HR 1426, HR 2226, HR 2255, HR 2319, HR 3746, HR 4061, HR 4566, HR 4607, HR 4725, HR 4738, HR 4768, HR 4771, HR 4785, and HR 4792

House Passes World Bank Accountability Act

On Wednesday, the House voted to pass H.R. 3326, World Bank Accountability Act. This important piece of legislation – which makes a share of future World Bank appropriations contingent on reforms to the Bank’s International Development Association (IDA) – passed the Financial Services Committee with unanimous bipartisan support. IDA is a concessional lending window at the Bank for the world’s poorest countries which has been plagued by numerous issues, including institutional incentives that pri...

Hensarling Applauds Mulvaney’s Call for Review of CFPB Practices, Payday Lending Rule

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement applauding the Consumer Financial Protection Bureau’s (CFPB) announcements that it is undertaking a sweeping review of agency actions and practices, and that it would revisit a controversial rule relating to payday lenders which was issued by the former director before he left office. “I want to take this opportunity to commend Acting Director Mulvaney on his recent call for evidence of the CFPB’s tr...

ICYMI: The Swampland Republicans

The Swampland Republicans GOP Senators balk at even modest fixes in federal flood insurance. By the Editorial Board January 17, 2018 Texas, Florida and especially Puerto Rico are rebuilding after last year’s hurricanes, and for once Washington’s response includes more than a cash infusion. The House recently passed improvements to a flood insurance program that is under water financially, and the question is whether this progress will be stopped by parochial Senate Republicans. The budget deal ...

Hensarling Delivers Opening Statement at Committee Markup

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement as the committee began consideration of 17 measures on Wednesday: 2017 was one of the most productive years on record for this committee. 12 full committee hearings, 54 subcommittee hearings, 7 markups, 76 bills reported to the House, 36 bills passed, and 6 bills signed into law. None of this would have been possible without members on both sides of the aisle who continue to take their ide...