WASHINGTON – Today, the House of Representatives passed two more bipartisan bills from the Financial Services Committee that improve stress test requirements for banks and reform the designation process for nonbank financial institutions.
“At the end of the day, it’s not really the banks that are the subject of these regulations. At the end of the day, it’s their customers,” said… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with the Bureau of Consumer Financial Protection (CFPB) Acting Director Mick Mulvaney:
This morning, we welcome home Mick Mulvaney, a highly respected former member of this very Committee, the Director of the OMB, and the… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the dates of two upcoming full committee hearings required by federal statute:
Wednesday, April 11 at 10:00 A.M. – Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney will appear before the full committee to provide testimony on the Bureau’s semi-annual report as required by Section 1016 of… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) highlighted the inclusion of two important committee measures in the omnibus spending package, which is expected to be passed by the House and Senate today.
“Both of these bills are important, pro-growth, bipartisan pieces of legislation that will help our small businesses access the capital they need to expand and create… Read more »
This week, the Financial Services Committee approved eight bills, bringing the total number of bills reported out of the Committee this Congress to 99.
"These eight important measures continue the Committee's efforts to ensure that hardworking Americans have access to credit; to ensure that the regulatory burden does not fall disproportionately on our smaller banks and credit unions; and… Read more »
The Subcommittee on Terrorism and Illicit Finance met today to examine transnational criminal organizations (TCOs) and their relationship to terrorist organizations, the international economy, and the US national defense.
“Transnational criminal organizations operate on a global scale, crossing international boundaries to further their pursuit of power, influence, and profits. TCO’s are… Read more »
On Wednesday, the House voted to pass H.R. 4566, the Alleviating Stress Test Burdens to Help Investors Act, with bipartisan support 395-19.
Introduced by Representative Bruce Poliquin (R-ME), H.R. 4566 amends one-size fits all, bank-centric capital-based stress testing requirements for nonbanks, such as mutual funds. More than 55% of American households use mutual fund investments to… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement in response to the decision by the Fifth Circuit Court of Appeals in Chamber of Commerce of the USA, et. al vs. US Department of Labor, vacating the Fiduciary Rule.
“Yesterday was a good day for hardworking Americans – especially low and moderate income Americans who rely upon… Read more »
The Subcommittee on Terrorism and Illicit Finance met today to examine the monetization and illicit use of stolen data after a hack. Just as the world is quickly increasing its presence online, cybertheft is becoming a more and more common operation.
“Cybertheft is particularly damaging because the sensitive information being stolen, including Social Security Numbers, is difficult or… Read more »
Today, the House of Representatives passed two bipartisan bills from the Financial Services Committee, including legislation to bring transparency to a regulatory appeals process so financial institutions can operate responsibly in the financial system and focus on serving their customers.
“These bills are about helping Main Street,” said Financial Services Committee Chairman Jeb… Read more »
