Press Releases

When Democrats passed Dodd-Frank, they claimed it would "lift the economy." Instead Americans got the slowest, weakest recovery in 70 years. They promised it would end taxpayer-funded bailouts. Instead it enshrined bailouts into law. They promised it would make our system safer, but today the big banks are even bigger and America is losing one community bank or credit union a day.… Read more »

WASHINGTON – The Financial Services Subcommittee on Terrorism and Illicit Finance held a hearing Thursday to examine information sharing and data collection practices at the Financial Crimes Enforcement Network (FinCEN) and assess how the process and coordination could be improved.  “Today, most of us are very fortunate to have a more modern and secure means of storage for our… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today formally introduced the Financial CHOICE Act, the Republican alternative to the failed Dodd-Frank Act which has contributed to the slowest economic recovery since World War II. The Financial CHOICE Act, H.R. 10, will end taxpayer-funded bailouts of large financial institutions; impose tougher penalties on those who commit… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s meeting to examine the Financial CHOICE Act, the Republican alternative to the failed Dodd-Frank Act: It has been almost seven years since the passage of the Dodd-Frank Act. We were told it would lift our economy, but instead we are stuck in the slowest, weakest,… Read more »

Several witnesses scheduled to appear before the House Financial Services Committee on Wednesday to discuss the Financial CHOICE Act are praising the proposal’s focus on economic growth, accountability and ending bank bailouts. CHOICE – which stands for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs – is the Republican alternative to the failed Dodd-Frank… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 24: Wednesday, April 26 at 10:00 A.M. – As announced by the Chairman earlier in the week, the Committee will hold a hearing to discuss the Financial CHOICE Act of 2017. More information on the bill, including text of the discussion draft, is available at… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments after President Trump today took action to stop regulators’ ability to designate companies “too big to fail” and the use of the Dodd-Frank Act’s bailout authority pending reviews by the Department of the Treasury: “Democrats promised the American people that Dodd-Frank would end ‘too big to fail’ and… Read more »

Want even more information? Visit FinancialCHOICE.GOP.  Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that the Committee will hold a hearing to discuss the Financial CHOICE Act on Wednesday, April 26 at 10:00 a.m.  “Republicans are eager to work with the President to end and replace the Dodd-Frank mistake with the Financial CHOICE Act because it holds Wall Street and Washington accountable, ends… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on President Trump's nominations to the Export-Import Bank: "While Ex-Im's subsidies to foreign competitors continue to threaten free enterprise here at home, I can think of no one more qualified than Scott Garrett and Spencer Bachus to steer the institution towards reform. Having worked with… Read more »