WASHINGTON – Today, Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent letters to the eight Inspectors General (IG) of the agencies within the committee’s jurisdiction requesting an update on the agencies’ efforts to implement the IGs recommendations to reduce waste, fraud, and abuse.
Congressman McHenry highlighted the IGs “shared… Read more »
Today, Congressman Patrick McHenry (NC-10) was elected by members of the House Republican Conference to lead the House Financial Services Committee as Ranking Member. McHenry released the following statement after his election:
“I am honored to have been selected by my colleagues to serve as the Republican leader of the House Financial Services Committee. Having served on the Committee… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following speech on the House Floor today, urging the Senate to pass the “JOBS & Investor Confidence Act of 2018,” otherwise known as the JOBS Act 3.0:
I come here today, Mr. Speaker, and I picked up a copy of this morning's edition of the Wall Street Journal. Many Americans would consider it to be the most… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement after the Federal Reserve proposed changes to the enhanced prudential standards for some of the regional and larger banks in the U.S. in response to requirements in the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
“As has been said many times before, the… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement strongly condemning the string of suspicious packages sent to public officials and CNN today.
“These explosive devices were not just aimed at government officials and news organizations but they were aimed, profoundly and disturbingly, at our American democracy. All of us, from across… Read more »
Financial Services Committee Jeb Hensarling (R-TX) released the following statement after the Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) issued a report on the potential management and performance challenges of 2019:
“As was demonstrated at the Committee’s hearing on September 27 with FHFA Director Mel Watt and FHFA’s Inspector General, this country’s… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement after the Financial Stability Oversight Council (FSOC) de-designated Prudential Financial Inc. as a Systemically Important Financial Institution (SIFI):
“I’m pleased to see FSOC finally acknowledge that there needs to be an off-ramp from Dodd-Frank Act’s permanent and cumbersome control over… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that Shannon McGahn, the committee’s Staff Director, will be departing the committee in the coming weeks.
“Shannon has been by my side as a trusted advisor and friend throughout some of the most pivotal moments of my career. Her leadership and strategic counsel have been invaluable to this… Read more »
The Subcommittee on Financial Institutions and Consumer Credit met today to examine new opportunities for technological innovation to develop new products and services consumers across the financial lobe need.
“The pace of technological development in financial services has increased exponentially and dramatically, offering both benefits and potential challenges to the U.S. economy and… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine the Federal Housing Finance Agency’s (FHFA) role as conservator and regulator of the Government Sponsored Enterprises.
Ten years ago, at the time of the financial crisis, Fannie and Freddie were thinly capitalized, they bought loans for as… Read more »
