Off Air Next: ** POSTPONED ** Hearing entitled “Oversight of the SEC’s Division of Enforcement”

DATE CHANGE: Fed Chairman Powell Semi-Annual Testimony Date

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that, due to changes to the House schedule, Federal Reserve Chairman Jerome Powell will now appear before the Committee on Tuesday, February 27 at 10 a.m. ET to deliver the Federal Reserve’s semi-annual Monetary Policy Report to Congress and to discuss the state of the economy. This is a change from the previously announced schedule. The hearing will take place in Room 2128 of the Rayburn House Office Buildin...

Hensarling: Treasury Report ‘Inconsistent’ With President’s Core Principle on Dodd-Frank Bailouts

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement about the Treasury Department’s report to the President on Orderly Liquidation Authority: Although I have been pleased or even excited about Treasury’s previous reports, this one disappoints. In his February 2017 Executive Order entitled Core Principles for Regulating the United States Financial System, President Trump declared it a policy of his administration to “prevent taxpayer funded bailo...

Hensarling Demands Watt Explain GSE Payments

House Financial Services Committee Chairman Jeb Hensarling (R-TX) sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt on Friday demanding an explanation for his decision to continue payments to the Housing Trust Fund and Capital Magnet Fund (the Funds) in the wake of Fannie Mae and Freddie Mac’s (GSEs) latest infusion of taxpayer funds from Treasury. Director Watt’s decision “directly contradicts both [his] 2014 supervisory guidance issued to the GSEs outlined when FHFA rein...

Protecting Small Business Access to Credit

The Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing today on a common practice – known as “de-risking” – that has limited the ability of legitimate small businesses to access credit. “De-risking” occurs when a financial institution terminates relationships and closes the accounts of clients and merchants they deem “high risk” in order to avoid legal liability and greater regulatory scrutiny. This practice has virtually eliminated access to credit for ...