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Terrorism Financing Task Force Releases Results of Two-Year Investigation
Dec 20, 2016
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WASHINGTON – The House Financial Services Committee’s Task Force to Investigate Terrorism Financing on Tuesday released a bipartisan report of its 12 month long probe into the threat terror financing poses to the U.S. financial system. “Fighting the financial war against terror demands constant inno...
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Hensarling: Hardworking Americans Would Have More Certainty if Fed Were More Transparent
Dec 14, 2016
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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) comments on the Federal Reserve’s decision to raise short-term interest rates and how the Financial CHOICE Act would improve the conduct of monetary policy: “Sustainable, market-based interest rates are better for consume...
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Hensarling Statement on SEC "Midnight Regulations"
Dec 13, 2016
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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement concerning SEC Chair Mary Jo White’s refusal to stop “midnight regulations” in the waning days of the Obama Administration: “The press is characterizing Chair White’s decision to try to rush...
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Hensarling Reacts to Boeing Sale of Jets to Iran
Dec 12, 2016
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments upon news that Boeing has finalized an agreement to sell 80 commercial aircraft to Iran Air – the state owned national carrier of Iran. “Boeing’s actions to aid the world’s foremost state sponsor of terrori...
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WEEK IN REVIEW
Dec 9, 2016
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Subcommittee Reviews Regulatory Impact on Short-Term Financing The Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing on Thursday to consider the impact regulatory activities since 2010 have had on short-term financing in the U.S. capital markets, including repurchase a...
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ICYMI: Banks to Donald Trump: Don’t Kill Dodd-Frank
Dec 8, 2016
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December 8, 2016 Big banks have an unexpected message for President-elect Donald Trump: Don’t trash the Dodd-Frank Act. “We’re not asking for wholesale throwing out Dodd-Frank,” J.P. Morgan Chase & Co. chief James Dimon said at a financial-services conference this week where he and other big-bank e...
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Subcommittee Examines the Fed’s Unconventional Monetary Policy
Dec 7, 2016
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WASHINGTON – The Monetary Policy and Trade Subcommittee held a hearing on Wednesday to examine the Federal Reserve’s departures from conventional monetary policy and how a more principled and transparent monetary policy strategy can better support economic growth going forward. “Economic opportunity...
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House Passes Bill to Increase Transparency in International Regulatory Discussions
Dec 7, 2016
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WASHINGTON- The House passed legislation on Wednesday that would enhance congressional oversight of international deliberations relating to insurance standards by a vote of 239-170. Sponsored by Housing and Insurance Subcommittee Chairman Blaine Luetkemeyer (R-MO), the Transparent Insurance Standard...
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House Passes Package of Pro-Growth Financial Services Bills
Dec 5, 2016
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WASHINGTON – The House on Monday passed the Creating Financial Prosperity for Businesses and Investors Act (H.R. 6427) by a vote of 391-2. The bill, sponsored by Rep. Scott Garrett (R-NJ) would increase investment opportunities for more Americans and help grow the economy. “The Creating Financial Pr...
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Hensarling Elected to Third Term as Financial Services Committee Chairman
Dec 2, 2016
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WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after he was elected to a third term as chairman of the committee for the upcoming 115th Congress: “I am humbled by the support and trust of my colleagues to continue my service as chairman ...
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