Press Releases

After President Trump today said Congress should make financial regulatory reform a priority to “help striving Americans get the credit they need to realize their dreams” and Vice President Pence said “dismantling Dodd-Frank” is a top legislative priority for the Trump Administration, House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement: “No… Read more »

Obama’s last minute FHA move put “taxpayers and home buyers” at risk “The new administration was perfectly justified in undoing it” “The proposed reduction had not taken effect, so no borrower is hurt” By Editorial Board One of the Obama administration’s final actions was to slash the fee that mortgage borrowers must pay for Federal Housing Administration insurance on eligible loans. One… Read more »

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray may have violated federal law that governs agency rulemaking procedures, according to an investigative report released today by Republican members of the House Financial Services Committee. The report, based on internal CFPB documents obtained by the committee, uncovers several potential legal problems with the Bureau’s… Read more »

WASHINGTON -- House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today regarding news that the National Flood Insurance Program (NFIP) will borrow another $1.6 billion from hardworking American taxpayers: “The National Flood Insurance Program is poorly designed, costly and in desperate need of fundamental reform.  A market monopoly and… Read more »

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 16.0px 'Times New Roman'; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today in response to Securities and Exchange Commission Chair Mary Jo White’s criticism of accountability legislation: “It’s disappointing that Chair… Read more »

House Floor Action Focused on Committee Bills The 115th Congress is picking up right where the 114th left off:  passing bipartisan Financial Services Committee bills to help grow America’s Main Street economy and make Washington accountable. During the 114th Congress, 69 percent of the bills reported by the committee passed the House and 36 bills were signed into law. The House this… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on Friday concerning reports that the Federal Reserve and the Obama Administration had secretly formulated a plan to prioritize debt payments in case the nation’s borrowing authority was not raised: “The Obama Administration has been caught in another lie.  As these newly released Fed… Read more »

The House approved bipartisan legislation on Thursday to ensure that the benefits of proposed regulations from the Securities and Exchange Commission (SEC) justify the costs to jobs, economic growth, and capital formation. The SEC Regulatory Accountability Act, sponsored by Financial Services Committee member Rep. Ann Wagner (R-MO), passed 243-184. “Ill-advised laws like the Dodd-Frank… Read more »

Startup companies will find it easier to attract investments that allow them and other small businesses to grow and create jobs under the Helping Angels Lead Our Startups Act (HALOS Act). The HALOS Act – which passed the House with bipartisan support Tuesday 344-73– defines an “angel investor group” and clarifies a regulation issued by the Securities and Exchange Commission about when a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding HUD Secretary Julian Castro’s announcement to lower Federal Housing Administration (FHA) mortgage insurance premiums: “It seems the Obama administration’s parting gift to hardworking taxpayers is to put them at greater risk of footing the bill for yet another bailout.  Just… Read more »