Press Releases

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the Financial CHOICE Act, released the following statement on the anniversary of the Dodd-Frank Act becoming law: This week marks Dodd-Frank’s seventh anniversary, but the only thing to celebrate is that Congress and the Trump Administration are working to end this Obama-era monstrosity and the… Read more »

The Subcommittee on Monetary Policy and Trade held a hearing today to discuss restricting North Korea’s access to financial services and examine ways to increase the ability of foreign countries to enforce North Korean sanctions. “Hovering over today’s hearing was not only a sense of urgency, but disappointment in years of misguided assumptions about the North's behavior and… Read more »

The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to examine the burden that federal corporate governance policies – particularly under the Sarbanes-Oxley and Dodd-Frank Acts – have on public companies, and to discuss ways to ease the unnecessary regulatory burdens faced by public companies to facilitate capital formation and promote economic growth. “I… Read more »

The Terrorism and Illicit Finance Subcommittee held a hearing today to examine the terror and illicit financing risks that are inherent in asset transfers – specifically remittances and money transfers. “The size and complexity of the financial system in the United States means any financial institutions or business, payments system, or medium of exchange has the potential to be… Read more »

The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to review the fixed income market structure. The hearing and witness testimony provided the Subcommittee with the background and foundation to examine the optimal design of the fixed income market based on today’s market conditions. The hearing also included an important discussion on the need for… Read more »

WASHINGTON – House Financial Services Chairman Jeb Hensarling (R-TX) issued the following statement today regarding the ever-growing list of actions, rules and regulations coming out of the CFPB over the last week – including finalization of updates to its “Know Before You Owe” mortgage disclosure rule, selection of new Consumer Advisory Board members, finalization of its arbitration… Read more »

The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to examine the impact of the DOL fiduciary rule on the capital markets. The primary focus of the hearing was to discuss the unintended consequences of the DOL fiduciary rule on the U.S. capital markets, the need for that rule to be delayed, and that the Securities and Exchange Commission (SEC) must act as… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chair Janet Yellen on monetary policy and the state of the economy: Since we last convened to take Chair Yellen’s testimony on monetary policy, there have been encouraging economic headlines.  Confidence is up. … Read more »

WASHINGTON – The Financial Institutions and Consumer Credit Subcommittee met today to examine several pieces of legislation aimed at providing much needed regulatory relief for community financial institutions. “Our nation’s community financial institutions are getting buried under red tape,” said Chairman Blaine Luetkemeyer (R-MO). “Even today, a lender who serves many Missourians… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today regarding the Consumer Financial Protection Bureau's controversial rule to prevent companies from using arbitration clauses: “This bureaucratic rule will harm American consumers but thrill class action trial attorneys.  In releasing this rule today, Director Cordray ignored a… Read more »