Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today after the Federal Reserve proposed to revise the Volcker Rule that heavily impacted markets, businesses, investors, and job creators. "Regardless of whether someone supports the Volcker Rule or wishes to repeal it—as the Financial CHOICE Act would—any Volcker Rule that is on the… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today applauding the Senate’s confirmation of Jelena McWilliams to serve as Chair of the Federal Deposit Insurance Corporation (FDIC). “The FDIC plays an important role in creating an environment favorable for the success of state-chartered banks, and sets the tone and direction of… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon attending a signing ceremony at the White House for S. 2155, which represents the most significant pro-growth financial regulatory reform package since the passage of Gramm-Leach-Bliley nearly a generation ago. "Thanks to hard work and leadership in both the House and the Senate, this… Read more »

The Housing and Insurance Subcommittee met today to examine the development of the autonomous vehicle and its effect on the future of automobile insurance. For the first time, emerging automobile technology is intersecting with the financial industry, changing the business of property and casualty insurance. Today’s hearing examined the relationship between insurance companies, automobile… Read more »

The Subcommittee on Capital Markets, Securities, and Investments held a hearing today to review eleven legislative proposals to help fuel capital and growth on Main Street. The legislative proposals considered were: H.R. 5054, the “Small Company Disclosure Simplification Act of 2018,” introduced by Rep. David Kustoff (R-TN), to provide an exemption for emerging growth companies… Read more »

House Financial Services Committee Chairman Jeb Hensarling released the following statement regarding Senate confirmation of Brian Montgomery for the dual role of Commissioner of the Federal Housing Administration (FHA) and Assistant Secretary for Housing at the Department of Housing and Urban Development (HUD).   “I want to congratulate Brian Montgomery on his confirmation to be… Read more »

This week, the Financial Services Committee approved three bills, bringing the total number of bills reported out of the Committee this Congress to 102. “These three important measures support the Committee’s continued efforts to increase housing mobility for low-income families, create opportunity for individuals recovering from opioid addiction, and improve our security review process… Read more »

Today, the House of Representatives voted 258-159 to pass the “Economic Growth, Regulatory Relief and Consumer Protection Act,” which represents the most significant pro-growth financial regulatory reform package since the passage of Gramm-Leach-Bliley nearly a generation ago. “For far too long, far too many people in our country have struggled to make ends meet. They’ve struggled to buy… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon attending a signing ceremony at the White House for S.J. Res. 57, which uses Congressional Review Authority (CRA) to repeal the Bureau of Consumer Financial Protection’s (Bureau) controversial 2013 indirect auto lending guidance. "Thanks to the hard work of Republicans in Congress, today… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement praising the Bureau of Consumer Financial Protection’s (Bureau) announcement that it will reexamine whether disparate impact liability is within the jurisdiction of the Equal Credit Opportunity Act (ECOA). Prior staff reports compiled by the Committee have shown that disparate impact liability… Read more »