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Meuser: This Is Just The Beginning Of This Committee’s Work On Fraud And Scams

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Today, the House Financial Services Committee is holding an Oversight and Investigations Subcommittee hearing, led by Subcommittee Chairman Dan Meuser (PA-09), to examine various types of financial fraud affecting American families. Read Subcommittee Chairman Meuser’s opening remarks as prepared for delivery: "I would like to thank the witnesses for being here today to discuss financial…

Chairmen Hill, Meuser, Barr Demand Answers from Fed on Financial Fraud

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House Committee on Financial Services Chairman French Hill (AR-02), Chairman of the Subcommittee on Oversight and Investigations Dan Meuser (PA-09), and Chairman of the Subcommittee on Financial Institutions Andy Barr (KY-06), sent a letter to Federal Reserve Chairman Jerome Powell requesting information on the Fed’s efforts to mitigate the increase in financial fraud and determine if…

Oversight and Investigations Subcommittee Evaluates Growing Threat of Financial Fraud to American Consumers

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Today, the Subcommittee on Oversight and Investigations, led by Subcommittee Chair Dan Meuser (PA-09), held a hearing examining the growing problem of financial fraud affecting American families, including the rise in check fraud and senior scams. The subcommittee also explored how federal agencies can better use their authority to combat this issue and improve consumer…

Chairman Hill Reintroduces Bill to Focus Federal Reserve Solely on Curbing Inflation

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House Committee on Financial Services Chairman French Hill (AR-02), Rep. Byron Donalds (FL-19), and Rep. Marlin Stutzman (IN-03) reintroduced the Price Stability Act aiming to end the Federal Reserve’s dual mandate and ensure the central bank focuses exclusively on containing inflation.   "For too long, the Federal Reserve has been stretched between competing objectives. It's…

Flood: Our Economy Is More Stable And Secure With TRIA

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Today, the House Financial Services Committee is holding a Housing and Insurance Subcommittee hearing, led by Subcommittee Chair Mike Flood (NE-01), to examine the Terrorism Risk Insurance Act's (TRIA) structure and operations ahead of its current expiration date of December 31, 2027. Read Subcommittee Chair Flood’s opening remarks as prepared for delivery: "I’d like to thank our…

Lucas: The Fed’s Actions Must Stay Squarely Within Congressional Intent

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Today, the House Financial Services Committee is holding a Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force hearing, led by Task Force Chair Frank D. Lucas (OK-03), to explore how adding additional goals outside the Federal Reserve's current mandate hinders its ability to focus on price stability and the costs associated with failing to achieve its…

Housing and Insurance Subcommittee Examines the Functions of the Terrorism Risk Insurance Act

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Today, the Subcommittee on Housing and Insurance, led by Subcommittee Chair Mike Flood (NE-01), held a hearing examining the functions of the Terrorism Risk Insurance Act of 2002 (TRIA) and how it interacts with both domestic and international terrorism insurance markets. On the Need to Reauthorize TRIA: “… TRIA’s value is not just in direct responses to terrorism events. The program…

Monetary Policy Task Force Examines the Federal Reserve’s Current Mandates

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Today, the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, led by Chair Frank Lucas (OK-03), held a hearing exploring the Federal Reserve’s current mandates. The Task Force also discussed how adding additional goals outside the Federal Reserve’s current mandate may hinder its ability to focus on those goals. On Concerns About the Expanding the Fed’s…

Financial Services Committee Advances 11 Bills

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The House Committee on Financial Services, led by Chairman French Hill (AR-02), today held a full committee markup. The committee successfully reported 11 bills to the full House of Representatives that support our banking system and make our capital markets more efficient. “Today, the Committee marked up a variety of bills aimed at strengthening our capital markets and reducing…

Chairman Hill: Our Goal Is To Create A Financial System That Fosters Economic Growth, Innovation, And Stability

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House Financial Services Committee Chairman French Hill (AR-02) delivered the following statement at today's markup of various bills which foster economic growth, strengthen our capital markets, and more. Read Chairman Hill's remarks as prepared for delivery. "Good morning. Today, we will advance a series of bills aimed at strengthening our banking system and making our capital markets…

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