Press Releases

WASHINGTON – The Monetary Policy and Trade Subcommittee held a hearing on Wednesday to examine  the Federal Reserve’s departures from conventional monetary policy and how a more principled and transparent monetary policy strategy can better support economic growth going forward. “Economic opportunity reliably increases when monetary policy adheres to its vital duty – that is,… Read more »

WASHINGTON- The House passed legislation on Wednesday that would enhance congressional oversight of international deliberations relating to insurance standards by a vote of 239-170. Sponsored by Housing and Insurance Subcommittee Chairman Blaine Luetkemeyer (R-MO), the Transparent Insurance Standards Act directs federal regulators to solicit public comments, consult with state officials,… Read more »

WASHINGTON – The House on Monday passed the Creating Financial Prosperity for Businesses and Investors Act (H.R. 6427) by a vote of 391-2. The bill, sponsored by Rep. Scott Garrett (R-NJ) would increase investment opportunities for more Americans and help grow the economy. “The Creating Financial Prosperity for Businesses and Investors Act can make a positive difference in people’s… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after he was elected to a third term as chairman of the committee for the upcoming 115th Congress: “I am humbled by the support and trust of my colleagues to continue my service as chairman of the Financial Services Committee. In the coming Congress, we will continue our… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of December 5: Wednesday, December 7 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Unconventional Monetary Policy.” Thursday, December 8 at 9:30 A.M. – The Capital Markets and Government Sponsored Enterprises… Read more »

Bipartisan Bill to Fix Dodd-Frank “Mistake” Passes the House The House passed bipartisan legislation on Thursday to better gauge and more accurately reflect the potential risks that financial institutions could pose to the economy. H.R. 6392, the Systemic Risk Designation Improvement Act, replaces an arbitrary threshold… Read more »

WASHINGTON – The House passed bipartisan legislation on Thursday to better gauge and more accurately reflect the potential risks that financial institutions could pose to the economy. The bill, the Systemic Risk Designation Improvement Act, replaces an arbitrary threshold included in the Dodd-Frank Act that regulators are using to designate so-called systemically important financial… Read more »

Committee Hears Testimony of SEC Chair Members of the Financial Services Committee questioned Securities and Exchange Commission (SEC) Chair Mary Jo White about the SEC’s agenda and budget request, a day after it was reported that Chair White plans to step down at the end of President Obama’s term. Republicans on the committee warned Chair White against rushing out “midnight regulations”… Read more »

WASHINGTON – The House voted on Wednesday to block U.S. financing for the export of aircraft to Iran by a vote of 243-174. The bill approved by the House -- H.R. 5711 -- prohibits the Treasury Department from authorizing transactions by U.S. financial institutions related to airplane sales to Iran.  In addition, the bill bars the Export-Import Bank from extending financing related… Read more »

WASHINGTON – The Housing and Insurance Subcommittee held a hearing on Wednesday to discuss necessary changes to the appraisal industry. “Appraisals are one of the cornerstones of the home-buying process.  Issues that impact appraisers also impact nearly every American buying or selling a home, in rural and urban areas; in high- and low-income neighborhoods,” explained Subcommittee… Read more »