Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the Committee on Wednesday, July 12 at 10 a.m. EDT to deliver the Federal Reserve’s semi-annual Monetary Policy Report to Congress and to discuss the state of the economy.
The hearing will take place in Room 2128 of the Rayburn House Office Building.… Read more »
The Financial Institutions and Consumer Credit Subcommittee held a hearing today to examine the federal government’s anti-money laundering (AML) efforts under the Bank Secrecy Act (BSA). The primary focus of the hearing was to understand compliance challenges facing financial institutions, including compliance trends, the effectiveness of current reporting requirements, and opportunities… Read more »
WASHINGTON – The Monetary Policy and Trade Subcommittee held a hearing today to evaluate how Federal Reserve policies are adversely affecting households, small businesses, savers, and retirees, and consider policy opportunities that the Federal Reserve could implement to improve economic opportunities for all.
“If monetary policy does not work, then our economy cannot work. This concern… Read more »
WASHINGTON – The Terrorism and Illicit Finance Subcommittee held a hearing today to examine the best ways to counter the plunder and sale of priceless cultural antiquities and art by terrorists and criminal enterprises.
“During times of conflict we see an increased interest in the theft, fraud, looting, and trafficking of priceless religious and cultural sites for artifacts and other… Read more »
The House Financial Services Committee met today to complete deliberation of and pass several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September, 30, 2017.
“While we have a responsibility to provide certainty to the homeowners and small business owners who rely on the NFIP for protection, we must also ensure that the… Read more »
The House Financial Services Committee met today to begin consideration of several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September 30, 2017.
“We cannot continue to call on the American taxpayer to bailout a program that is currently drowning in $25 billion of red ink and suffers a $1.4 billion annual actuarial… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement today about the seven bills the committee is considering related to the National Flood Insurance Program:
There are so many important voices in our debate today on the reauthorization of the National Flood Insurance Program. Certainly the homeowners who have relied on this… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the Financial CHOICE Act, issued the following statement on the Treasury Department’s first report to President Trump on how to improve the U.S. financial regulatory system:
“President Trump promised that his administration would ‘dismantle Dodd-Frank’ because of all the economic harm it causes hardworking… Read more »
The House on Thursday passed the Financial CHOICE Act, legislation to overhaul and replace the failed Dodd-Frank Act that has contributed to the worst economic recovery of the last 70 years.
“Every promise of Dodd-Frank has been broken,” said Financial Services Committee Chairman Jeb Hensarling (R-TX), as he read letters from Americans about how they were declined home, automobile and… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement concerning the Financial CHOICE Act and consumer protections for service members:
“True consumer protection comes from competitive, transparent and innovative markets that are vigorously policed for fraud. That’s what the Financial CHOICE Act is all about. The Financial CHOICE Act… Read more »
