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ICYMI: Fixing American Finance

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Fixing American Finance Wall Street Journal Editorial July 10, 2016 House Republicans are rolling out their 2017 agenda, and one promising idea is Financial Services Chairman Jeb Hensarling’s plan for financial rules that promote economic growth and protect taxpayers. Don’t believe the shrieks that this is about…

House Passes Five Financial Services Bills

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WASHINGTON – The House on Monday passed three pieces of legislation from the Financial Services Committee’s Task Force to Investigate Terror Finance. During a June hearing, Terror Task Force Chairman Fitzpatrick (R-PA) stressed the importance of adaptive legislation “This Task Force continues to note that illicit actors are adaptive; constantly evolving their money-laundering and…

Media Advisory: Committee Hearing Schedule for the Week of July 11

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WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of July 11: Tuesday, July 12 at 10:00 A.M. – The Financial Services Committee will hold a hearing a hearing entitled “Making a Financial Choice: More Capital or More Government Control?” For more information on the Financial CHOICE Act, please…

WEEK IN REVIEW

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Subcommittee Investigates the Implications of U.S. Aircraft Sales to Iran  The Monetary Policy and Trade Subcommittee met Thursday to discuss the implications of U.S. aircraft sales to Iran, which the U.S. State Department reports is the “world’s foremost state sponsor of terrorism.” The Boeing Company recently announced a multi-billion dollar deal to sell and lease airplanes to…

HUD Secretary Called Before Committee to Answer Questions About Sudden Policy Changes

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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) denounced major policy changes Housing and Urban Development Secretary Julian Castro is making to the sale of nonperforming loans insured by the government, saying the moves help liberal special interests at the expense of hardworking taxpayers.  The changes would create “preferential bidding” options for…

Hensarling: ‘Let’s hope Boeing rethinks their decision’ on Iran deal

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s Monetary Policy and Trade Subcommittee hearing on the implications of U.S. aircraft sales to Iran: “For the past year, this committee’s bipartisan Task Force on Terrorism Financing has done excellent work shedding light on sources of terror financing and offering…

House Passes Three Bipartisan Financial Services Bills

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WASHINGTON – The House on Tuesday passed three bipartisan financial services bills, including legislation to help startup businesses gain access to investment capital and to help law enforcement prevent financial fraud against senior citizens. When the Financial Services Committee approved the bills last month, Chairman Jeb Hensarling (R-TX) praised the measures as “solutions that…

Bills to Stop Boeing’s Deal with Iran Focus of Thursday Hearing

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WASHINGTON -- A House subcommittee on Thursday will debate legislation designed to halt the Boeing Company’s multi-billion dollar deal to sell and lease airplanes to Iran. The deal, if completed, would constitute the biggest American business transaction with Iran since the 1979 Islamic revolution. The Monetary Policy and Trade Subcommittee, chaired by Rep. Bill Huizenga (R-MI), will…

Media Advisory: Committee Hearing Schedule for the Week of July 4

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WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of July 4: Thursday, July 7 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “The Implications of U.S. Aircraft Sales to Iran.” This hearing will examine how aircraft exports envisaged by the Joint Comprehensive Plan of…

ICYMI: Lehman Wasn't a Crisis, But Too Big To Fail Was

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By: Peter Wallison Real Clear Markets, June 29, 2016 Drafts of a thoroughgoing reform of Dodd-Frank, prepared by House Financial Services Committee Chairman Jeb Hensarling, are now circulating in Washington and drawing the predictable attacks from the anti-reform caucus-otherwise known as the Progressives. The bill, called the Choice Act, is a massive piece of work-about 500 pages-to…