Press Releases

Members of the Financial Services Financial Institutions and Consumer Credit Subcommittee met on Tuesday to examine the chilling impact that the Dodd-Frank Act has had on the creation of new or “de novo” financial institutions.  “Today, we took the first step at looking into why there are so few new banks and the barriers to entry for would-be community financial institutions. The… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 20: Tuesday, March 21 at 10:00 A.M. – The Oversight and Investigations Subcommittee will hold a hearing entitled “The Bureau of Consumer Financial Protection’s Unconstitutional Design.” The hearing will examine whether the structure of the CFPB violates the… Read more »

Subcommittee Hears Community Perspective on Flood Insurance The Housing and Insurance Subcommittee held its second in a series of hearings this year examining the National Flood Insurance Program (NFIP).  Members of the subcommittee heard from a panel of witnesses who provided a community-level perspective on flood insurance. “After getting FEMA’s perspective on flood insurance… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement about the Department of Justice’s decision to oppose the Consumer Financial Protection Bureau (CFPB) in a landmark case challenging the constitutionality of the Bureau’s structure: “Republicans have said for years that the Bureau is unconstitutionally structured.  Its lack of… Read more »

The Monetary Policy and Trade Subcommittee held a hearing on Thursday to examine how the Federal Reserve has departed from conventional monetary policy. Members heard from a panel of experts who discussed how the Federal Reserve can facilitate an orderly return to a conventional balance sheet and how monetary policies can reliably support economic growth going forward. “Today’s monetary… Read more »

Below is an updated list of Financial Services Committee hearings reflecting changes made to the schedule that was announced on Monday, March 13: Thursday, March 16 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Sound Monetary Policy.” The hearing will examine how the Federal Reserve departed from conventional monetary policy and whether this… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 13: Thursday, March 16 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Sound Monetary Policy.” The hearing will examine how the Federal Reserve departed from conventional monetary policy and whether this departure fulfilled its… Read more »

Committee Approves Bipartisan Capital Formation Bills The Full Committee approved six bipartisan capital formation bills on Thursday. “Top-down, Washington-driven policies have stacked the deck against small businesses.  Excessive and outdated regulations give the biggest companies a competitive advantage, but undermine entrepreneurs, small business owners and the investors that… Read more »

The House Financial Services Committee approved six bipartisan bills on Thursday, all of which are designed to help promote a healthier economy. “Top-down, Washington-driven policies have stacked the deck against small businesses.  Excessive and outdated regulations give the biggest companies a competitive advantage, but undermine entrepreneurs, small business owners and the… Read more »

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 »