Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy: Notwithstanding the greatest monetary and fiscal stimulus in our nation’s history, the economy has limped along for eight years averaging only 1.6% GDP growth,… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that, due to changes to the House schedule, Federal Reserve Chairman Jerome Powell will now appear before the Committee on Tuesday, February 27 at 10 a.m. ET to deliver the Federal Reserve’s semi-annual Monetary Policy Report to Congress and to discuss the state of the economy. This is a change from… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement about the Treasury Department’s report to the President on Orderly Liquidation Authority: Although I have been pleased or even excited about Treasury’s previous reports, this one disappoints. In his February 2017 Executive Order entitled Core Principles for Regulating the United States… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt on Friday demanding an explanation for his decision to continue payments to the Housing Trust Fund and Capital Magnet Fund (the Funds) in the wake of Fannie Mae and Freddie Mac’s (GSEs) latest infusion of taxpayer funds from Treasury. Director Watt’s… Read more »

The Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing today on a common practice – known as “de-risking” – that has limited the ability of legitimate small businesses to access credit. “De-risking” occurs when a financial institution terminates relationships and closes the accounts of clients and merchants they deem “high risk” in order to… Read more »

The Subcommittee on Capital Markets, Securities and Investments met yesterday to examine legislative proposals that would provide greater economic opportunity for derivatives end-users, which represent main street businesses of all kinds that are seeking to manage their commercial and operational day-to-day business risk. “It is important to note that derivatives are a vital part of the… Read more »

This week, the House of Representatives passed two strongly bipartisan bills from the Financial Services Committee. “These bills will help cut at least some of the red tape that places such a disproportionate burden on Main Street businesses and financial entities and limits consumer access to credit. These bills are practical, they are strongly bipartisan, and they are needed,” said… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement harshly criticizing Fannie Mae’s request for bailout funds from Treasury and calling on FHFA Director Mel Watt to stand by his word and immediately suspend payments to the Housing Trust Fund. “Today’s announcement that Fannie Mae has once again run out of money to pay its own bills is the… Read more »

The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to examine the current data security and breach notification regulatory regime, and identify potential opportunities to reform the current framework in order to reduce vulnerabilities and shortcomings in the system and better protect consumers. As reliance on technology increases, so do data breaches and… Read more »

WASHINGTON—On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership. As Financial Services Committee Chairman… Read more »