Press Releases

Members of the Financial Services Housing and Insurance Subcommittee met on Thursday to examine the National Flood Insurance Program (NFIP) – which is set to expire on September 30th – and the significant reforms needed. “A timely reauthorization of the NFIP is the top priority of this subcommittee. Hearing FEMA’s perspective on the issues facing the program – including the accuracy… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on President Trump’s meeting with community bankers to discuss the difficulties they have faced under the Dodd-Frank Act. “It is encouraging to have a president who is listening to the concerns of community bankers who have been buried under an avalanche of burdensome regulations as a… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the Subcommittee on Housing and Insurance will hold a hearing on March 9 at 10 a.m. to examine the National Flood Insurance Program and potential reforms. All committee activity will take place in Room 2128 of the Rayburn House Office Building.  Additional information, including a list of witnesses and live… Read more »

Report: FSOC Acts Inconsistently and Arbitrarily The House Financial Services Committee released a staff report on Tuesday which revealed that the Financial Stability Oversight Council (FSOC) acts inconsistently and arbitrarily in exercising its power to designate certain non-bank companies as “too big to fail.” As reported by Reuters, the report is based on documents requested by the… Read more »

February 28, 2017 Pete Schroeder Reuters Congressional Republicans are taking aim at the regulatory process through which some financial institutions become subject to heightened regulation because they are deemed too big to fail. In a report released on Tuesday, Republican staff members of the House of Representatives' Financial Services Committee said the current process for… Read more »

February 28, 2017 By: Zachary Warmbrodt House Financial Services Committee Republicans said in a report released today that the Financial Stability Oversight Council's process for designating firms as "systemically important" was "arbitrary and inconsistent." Chairman Jeb Hensarling published the findings of the panel's investigation ahead of Treasury Secretary Steven… Read more »

WASHINGTON – The House Financial Services Committee today released a staff report which reveals that the Financial Stability Oversight Council (FSOC) acts inconsistently and arbitrarily in exercising its power to designate certain non-bank companies as “too big to fail.” Based on documents requested by the Committee nearly two years ago and the sworn testimony of Treasury Department… Read more »

WASHINGTON - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of the Committee’s views and estimates on the budget for fiscal year 2018: As we meet today to fulfill our obligation under House Rules to provide the Budget Committee with our views of the fiscal year 2018 budget, we must first examine the… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee will meet on Tuesday, Feb. 28 at 10 a.m. to adopt its views and estimates for the fiscal year 2018 budget. All committee activity will take place in Room 2128 of the Rayburn House Office Building.  Additional information, including a list of witnesses and live video of the proceedings, will be… Read more »

Federal Reserve Chair Testifies Before the Committee “Economic growth has been quite disappointing,” Federal Reserve Chair Janet Yellen acknowledged to the Financial Services Committee on Wednesday during her Semi-Annual Monetary Policy Report to Congress, echoing points made by Chairman Jeb Hensarling (R-TX) during his opening statement that Americans have suffered through eight years of… Read more »