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Hearing entitled “Assessing the Impact of FASB’s Current Expected Credit Loss (CECL) Accounting Standard on Financial Institutions and the Economy ”
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following speech on the House Floor today, urging the Senate to pass the “JOBS & Investor Confidence Act of 2018,” otherwise known as the JOBS Act 3.0: I come here today, Mr. Speaker, and I picked up a copy of this morning's edition of the Wall Street Journal. Many Americans would consider it to be the most influential newspaper in America; but certainly at least on economic matters, I think, most would agree. I just happe...
A Treasury Misfire A misguided insurance gripe could kill the pro-growth Jobs 3.0 bill. November 29, 2018 By The Editorial Board GOP House leaders have done yeoman’s work shepherding a compendium of bipartisan bills to expand access to capital that could pass in the lame-duck session. But White House officials are doing the work of Elizabeth Warren by trying to kill a provision reinforcing the U.S. state-based insurance regulatory regime. House Financial Services Chairman Jeb Hensarling’s Jobs ...
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with the Federal Reserve’s Vice Chairman for Supervision Randal Quarles: This morning, we welcome back for his semi-annual testimony, The Honorable Randy Quarles, the Federal Reserve’s Vice Chairman for Supervision. As we know all too well, the Dodd-Frank Act dramatically increased the Fed’s powers way beyond its traditional monetary policy responsibilities. Through so-called ...
House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement after the Federal Reserve proposed changes to the enhanced prudential standards for some of the regional and larger banks in the U.S. in response to requirements in the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155). “As has been said many times before, the Dodd-Frank Act hurt economic growth for years by creating a burdensome and patchwork regulatory regime that saddled ...
