Press Releases

Unconstitutional CFPB ‘Asleep at the Wheel’ on Wells Fargo Republican members of the committee made the case at a hearing on Wednesday that the Consumer Financial Protection Bureau (CFPB) has harmed consumers, violated due process, failed to comply with congressional subpoenas, and was negligent in investigating Wells Fargo’s sales practices. “The CFPB began an investigation into Wells… Read more »

Bipartisan legislation aimed at boosting private investments in small businesses and startup companies passed the House 417-3 today. The Supporting America’s Innovators Act updates a nearly 80-year old regulatory requirement that requires certain venture capital funds to register with the Securities and Exchange Commission (SEC) if more than 100 individuals invest in them.  The bill… Read more »

The Financial Institutions and Consumer Credit Subcommittee held a hearing on Thursday on the need to increase transparency in the financial regulatory system and examined opportunities for reform.     “Financial companies are standing on regulatory quicksand, having to constantly shift in an effort to stay afloat.  There are unending attempts to decipher a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray: Today we receive the testimony of Mr. Richard Cordray as he presents again the semi-annual report of the CFPB.  Mr. Cordray, I know that you are here at our committee’s invitation… Read more »

The Monetary Policy and Trade Subcommittee held a hearing on Tuesday to examine the impact the Federal Reserve’s mandate and governance structure are having on the economy. “Unsustainable spending of other peoples’ money, coupled with the most interventionist of monetary policies, left us with a persistent economic funk.  The answer cannot lie with doing even more of the same,” said… Read more »

 House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today in response to news that Boeing has agreed to sell 60 of its jets to an Iranian airline for $6 billion.   “Boeing’s deal with the Islamic Republic of Iran, whose airlifts to the Assad regime have been well documented, was announced on the same day we received reports of a… Read more »

The House passed bipartisan legislation on Tuesday that would make it easier for businesses to offer employees  an ownership stake in the companies where they work. The bill, the Encouraging Employee Ownership Act of 2017, drew strong support from Republicans and Democrats and was approved by a vote of 331-87.  It would update a nearly 20-year old Securities and Exchange… Read more »

The Monetary Policy and Trade Subcommittee and the Terrorism and Illicit Finance Subcommittee held a joint hearing Tuesday to examine the effectiveness of non-nuclear U.S. sanctions on the Islamic Republic of Iran. The subcommittees heard from several witnesses about whether new designations or sanctions related to terrorism, human rights abuses, and other non-nuclear behavior could be… Read more »

DALLAS, Texas— Today, Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, joined Housing and Urban Development Secretary Dr. Ben Carson at Jubilee Park and Community Center during the Secretary’s multi-city listening tour of communities and HUD offices.  Today’s tour stop focused on Jubilee Park’s commitment to community-based… Read more »

The Financial Services Committee will have four hearings and two bills up for debate on the House floor next week.  Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 3: Tuesday, April 4 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled, “Examining the Federal Reserve’s Mandate and Governance… Read more »