Press Releases

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 »

The House on Tuesday passed two financial services bills with overwhelming bipartisan support. H.R. 3898, the Otto Warmbier North Korea Nuclear Sanctions Act Sponsored by Rep. Andy Barr (R-KY), the Otto Warmbier North Korea Nuclear Sanctions Act would impose secondary financial sanctions against North Korea. The legislation would also incentivize stricter sanctions enforcement by… Read more »

WASHINGTON –Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments about the Treasury Department’s report on the CFPB rule on arbitration: “Treasury’s report shows that the CFPB is more interested in helping trial lawyers than consumers.  The House has already acted to protect consumers from the Bureau’s harmful rule; the Senate should do the same… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Housing and Urban Development Secretary Ben Carson: Today we welcome the 17th Secretary of the Department of Housing and Urban Development, Dr. Ben Carson for his first appearance before our committee.  In at least one respect, he may be… Read more »