Press Releases

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 »

House Financial Services Committee Chairman Jeb Hensarling released the following statement following media reports that high ranking Fannie Mae employees have been intentionally violating their government prohibition on lobbying through a series of secret meetings to remove the failed mortgage giant from federal oversight.  “When Fannie Mae went broke, it came begging taxpayers for… Read more »

The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness. The majority of programs to reduce homelessness and provide assistance in housing services fall under the responsibility of the Department on Housing and Urban Development (HUD) and… Read more »

The Subcommittee on Capital Markets, Securities, and Investments held a hearing today to oversee the Securities and Exchange Commission’s (SEC) Division of Enforcement (Division). The hearing examined the mission, operation, and current initiatives and activities of the Division. The Subcommittee also observed how the Division’s agenda is consistent with the SEC’s… Read more »

WASHINGTON – The Terrorism and Illicit Finance Subcommittee met today to examine the implementation and enforcement of the Financial Crimes Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule to improve anti-money laundering efforts while safeguarding the U.S. financial system for its proper use. “Last week the Customer Due Diligence rule went into effect, capping a 6-year… Read more »

  WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), issued the following statement on the floor just before the House voted 234-175 to pass S.J.… Read more »

The Financial Institutions and Consumer Credit Subcommittee held a hearing today to review the implementation of the Financial Criminal Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule from the point of view of financial institutions. “As a former banker and bank regulator, I understand the need for financial institutions to better know their customers and better… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced a change to this Friday’s subcommittee hearing: Friday, April 27 at 9:30 A.M. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing entitled “Implementation of FinCEN’s Customer Due Diligence Rule – Financial Institution Perspective.” The hearings will take place in Room 2128 of the… Read more »