Press Releases

WASHINGTON – Today, the Housing and Insurance subcommittee held a hearing to examine international factors affecting domestic insurance markets.  Subcommittee members questioned hearing witnesses on the various international regulatory standards being considered by the G-20, the Financial Stability Board, the International Association of Insurance Supervisors, and other international… Read more »

WASHINGTON – Today, the Financial Institutions and Consumer Credit Subcommittee held a hearing to review several legislative proposals designed to help more consumers access banking services. “Today’s hearing is important to consider legislation that can have a tremendous impact on consumer credit and product access and education.  I am pleased our Committee members on both sides of… Read more »

WASHINGTON – The Monetary Policy and Trade Subcommittee held a hearing to examine concerns with the work and transparency of the Financial Stability Board (FSB), an international organization largely controlled by European central bankers and financial regulators. “It is very troubling that American regulators would relinquish any regulatory authority to unelected European bureaucrats… Read more »

Treasury Secretary Faces ‘Aggressive Questioning’ From Committee Republicans on the Financial Services Committee confronted Treasury Secretary Jake Lew at Thursday’s hearing about the Obama Administration’s decision to pay cash to Iran, labeled by the U.S. State Department as the “foremost state sponsor of terrorism.” Secretary Lew “faced aggressive questioning from Republicans over the… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of Sept. 26: Tuesday, Sept. 27 at 10:00 a.m. – The Subcommittee on Financial Institutions and Consumer Credit will hold a hearing entitled “Examining Legislative Proposals to Address Consumer Access to Mainstream Banking Services.” The purpose of the hearing is to… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Jacob Lew on the Financial Stability Oversight Council (FSOC): With today being the official start of Fall, it’s disappointing that… Read more »

WASHINGTON – The Subcommittee on Capital Markets and Government Sponsored Enterprises today held an oversight hearing to examine the agendas of financial regulators, self-regulatory organizations (SROs) and standards-setters for accounting, auditing and municipal securities. “Since 2011, one of the primary objectives of this Subcommittee – and of the full Financial Services Committee –… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments upon news that the U.S. Treasury Department approved licenses that allow companies to sell commercial aircraft to Iran Air – the state owned national carrier of Iran. “It baffles me how this administration could declare Iran the ‘world’s foremost sponsor of state terrorism’ and label it a… Read more »

WASHINGTON – In a vote of 282-143 on Wednesday, the House passed a bipartisan bill approved by the Financial Services Committee that will bring transparency to the financial assets held by Iran’s top political and military leaders and how these assets contribute to Iran’s funding of terrorism. House Financial Services Committee Chairman Jeb Hensarling made the following comments on the… Read more »

WASHINGTON – Enhancing the portability of housing assistance vouchers will help recipients achieve economic self-sufficiency by opening up new and better job, education and housing opportunities, witnesses told the Subcommittee on Housing and Insurance today. The hearing was the ninth held by the Subcommittee since January 2015 on “The Future of Housing in America.” “Too often, the… Read more »