Press Releases

House Majority Whip Steve Scalise (R-LA) and House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced they have negotiated an agreement for a long-term reauthorization of the National Flood Insurance Program: “Being from Louisiana and Texas, we are all-too familiar with the devastating effects of floods and the havoc they wreak on communities. That’s why we agree on… Read more »

The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to examine the effect regulation has on small business and community financing in the U.S. capital markets.  The subcommittee discussed how regulatory burdens affect capital formation, job creation, and economic growth for small businesses and also examined legislative proposals. “During the… Read more »

The Subcommittee on Housing and Insurance held its second hearing on private sector perspectives of sustainable housing finance reform.  "We're holding this subcommittee hearing today because of the fact that while the most important factor in reforming the housing finance system are homebuyers, it is vitally important that the way we reform the housing finance system allows for a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX), who attended today’s White House ceremony where President Trump announced his decision to nominate Jerome H. Powell for Chair of the Board of Governors of the Federal Reserve System, issued the following statement: “Although I am not well acquainted with Mr. Powell and advocated on behalf of another candidate, I… Read more »

The House today approved two bipartisan bills designed to help companies attract investments so they can grow and create jobs. “These bipartisan bills will help build a healthier, more robust economy that offers growth opportunities for all,” said Financial Services Committee Chairman Jeb Hensarling (R-TX). The Fair Investment Opportunities for Professional Experts Act, sponsored by… Read more »

The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to thoroughly examine data security vulnerabilities and identify gaps in state and federal data security regulation.  “More than 15 million Americans were victims of cyber fraud or identify theft last year,” said Subcommittee Chairman Blaine Luetkemeyer (R-MO).  “While data security has been a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement after attending the signing ceremony at the White House today for legislation (H.J. Res. 111) that rejects the CFPB’s rule to deprive consumers of a low-cost, easy way to resolve legal disputes: “Overturning the CFPB’s harmful regulation is a decisive victory for consumers and our… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about today’s Senate committee hearing on the nomination of Scott Garrett to be President of the Export-Import Bank: “The Export-Import Bank is a deeply troubled government agency connected to cases of fraud, bribery and abuse.  Scott Garrett is a true reformer who will steer the Bank in… Read more »

Eliminating waste, fraud and abuse from the Community Development Block Grant’s Disaster Recovery Program administered by the Department of Housing and Urban Development (HUD) was the focus of a hearing today held by the Subcommittee on Oversight and Investigations. From 2001 to 2016, Congress appropriated more than $47 billion in supplemental funding to HUD to address long-term disaster… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about the Senate's vote to reject the CFPB’s rule to deprive consumers of a low-cost, easy way to resolve legal disputes without having to hire trial lawyers: “This is a victory for consumers, a defeat for the wealthy trial lawyers lobby and a rejection of the unchecked, unconstitutional and… Read more »