Press Releases

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  • Subcommittee Examines the BSA/AML Regulatory Compliance Regime
    Jun 28, 2017 - The Financial Institutions and Consumer Credit Subcommittee held a hearing today to examine the federal government’s anti-money laundering (AML) efforts under the Bank Secrecy Act (BSA). The primary focus of the hearing was to understand compliance challenges facing financial institutions, including... More
  • Committee Completes Markup of Bills to Reauthorize and Reform National Flood Insurance Program
    Jun 21, 2017 - The House Financial Services Committee met today to complete deliberation of and pass several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September, 30, 2017. “While we have a responsibility to provide certainty to the homeowners and smal... More
  • Committee Passes First Round of Flood Insurance Bills
    Jun 15, 2017 - The House Financial Services Committee met today to begin consideration of several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September 30, 2017. “We cannot continue to call on the American taxpayer to bailout a program that is currently... More
  • Hensarling: Voice of the Taxpayer Must Be Heard in Flood Insurance Debate
    Jun 15, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement today about the seven bills the committee is considering related to the National Flood Insurance Program: There are so many important voices in our debate today on the reauthorization of the N... More
  • Hensarling: Treasury Report Mirrors ‘Foundational’ Principles of Financial CHOICE Act
    Jun 14, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the Financial CHOICE Act, issued the following statement on the Treasury Department’s first report to President Trump on how to improve the U.S. financial regulatory system: “President Trump promised that his administr... More
  • House Approves Financial CHOICE Act to Boost Economy, End Bank Bailouts and Toughen Penalties for Fraud
    Jun 8, 2017 - The House on Thursday passed the Financial CHOICE Act, legislation to overhaul and replace the failed Dodd-Frank Act that has contributed to the worst economic recovery of the last 70 years. “Every promise of Dodd-Frank has been broken,” said Financial Services Committee Chairman Jeb Hensarling (R-T... More
  • Chairman Hensarling’s Statement on the Financial CHOICE Act and Service Members
    Jun 7, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement concerning the Financial CHOICE Act and consumer protections for service members: “True consumer protection comes from competitive, transparent and innovative markets that are vigorously policed for fr... More
  • House to Vote on Financial CHOICE Act Next Week
    Jun 2, 2017 - The House will consider legislation next week to end bank bailouts, promote economic growth and provide desperately needed regulatory relief for community banks and credit unions. The bill – H.R. 10, the Financial CHOICE Act – is the Republican alternative to the failed Dodd-Frank Act which has cont... More
  • Chairman Hensarling Reacts to Decision on Fiduciary Rule
    May 23, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding today’s decision by the Department of Labor on the controversial fiduciary rule: “I was there in the Oval Office when President Trump signed his Presidential Memorandum on the Obama administrat... More
  • Chairman Hensarling's Statement on President's Budget Proposal
    May 23, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on President Trump's Fiscal Year 2018 budget proposal: “The higher taxes, spending and borrowing that were the pillars of Obamanomics brought us the weakest economic recovery in our lifetimes, stagnant p... More