The Subcommittee on Monetary Policy and Trade met today to further examine proposals to reform the Federal Reserve. Proposals reviewed include:
H.R. ____, to amend the Federal Reserve Act to establish requirements for salaries, financial disclosures, and office staff of the Board of Governors of the Federal Reserve System
H.R. ____, to amend the Federal Reserve Act to… Read more »
The Financial Institutions and Consumer Credit Subcommittee met today to examine the following pieces of legislation aimed at improving regulations for financial institutions:
H.R. 1264, the Community Financial Institution Exemption Act
H.R. 2683, the Protecting Veterans Credit Act of 2017
H.R. 4648, the Home Mortgage Reporting Relief Act of 2017
H.R.… Read more »
The Monetary Policy and Trade Subcommittee met today to evaluate the operations of the Committee on Foreign Investment in the United States (CFIUS) and the challenges posed by a changing global economy.
“Today, the Monetary Policy and Trade Subcommittee continued our work to evaluate and consider reforms to the Committee on Foreign Investment in the United States,” said Subcommittee… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the retirement of Chairman Ed Royce (R-CA).
“For more than 25 years, Ed Royce has been a fearless advocate for freer markets and smaller government. He was far ahead of the curve in championing GSE reform before Fannie Mae and Freddie Mac broke our economy and for fixing our… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of January 8:
Tuesday, January 9 at 10:00 a.m. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Evaluating CFIUS: Challenges Posed by a Changing Global Economy.”
Tuesday, January 9 at 2:00 p.m. – The Financial Institutions and Consumer Credit… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that Kirsten Sutton Mork, the committee’s Staff Director, will be departing the committee in the coming weeks to serve as Chief of Staff for the Consumer Financial Protection Bureau.
“As one of my longest-serving and most dedicated aides, Kirsten has been an indispensable advisor to me for the last… Read more »
This morning, the Federal Housing Finance Agency (FHFA) and the Treasury Department announced an agreement to deprive taxpayers of the compensation to which they are legally entitled under the ongoing conservatorships of Fannie Mae and Freddie Mac (the GSEs). This agreement alters the practice that has been in place for more than half a decade to determine how to compensate… Read more »
On Wednesday, the House voted to pass H.R. 4015, the Corporate Governance Reform and Transparency Act of 2017.
Institutional investors typically hold shares in a large number of public companies and often use investment advisors – known as proxy advisory firms – to vote on their behalf at shareholder meetings. However, the two largest proxy advisory firms make up approximately 97% of the… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the Senate Banking Committee’s vote to block the nomination of Scott Garrett to lead the Export-Import Bank:
“The Export-Import Bank remains the poster child for corporate welfare. If it must remain, it must be under the leadership of a true reformer like Scott Garrett. It is… Read more »
Today, the House voted 288-130 to pass H.R. 3312, the Systemic Risk Designation Improvement Act of 2017, with bipartisan support.
This bill – sponsored by Rep. Blaine Luetkemeyer (R-MO) and cosponsored by both Republicans and Democrats in the House – removes the arbitrary $50 billion asset threshold used in the Dodd-Frank Act to automatically designate certain financial institutions as… Read more »
