Press Releases

WASHINGTON – A proposed regulation requiring financial companies to scrap arbitration contracts will lead to higher costs for consumers and less access to credit and new products, witnesses told members of the Subcommittee on Financial Institutions and Consumer Credit on Wednesday. The rule proposed by the Bureau of Consumer Financial Protection – perhaps the most powerful and least… Read more »

WASHINGTON - The Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing today to review three legislative proposals to improve the struggling U.S. economy, which grew an abysmal 0.5 percent in the first three months of the year. “Despite the big promises that have come with granting vast… Read more »

WASHINGTON – By paying Federal Reserve member banks above-market interest on reserves, the Fed may be distorting investment decisions and weakening the economy’s performance, several witnesses told the Monetary Policy and Trade Subcommittee at a hearing on Tuesday. “Almost seven years old, the Fed’s colossal and distortionary balance sheet shows no sign of shrinking. We will not fully… Read more »

50 Years after the Creation of HUD: Comparing the U.S. and U.K. Housing Models On Thursday, the Housing and Insurance Subcommittee held a hearing to compare the housing models of the United States and the United Kingdom. The hearing was part of a series undertaken by the subcommittee to assess affordable and rental housing programs 50 years after the creation of the U.S. Department of… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 16: Tuesday, May 17 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Interest on Reserves and the Fed’s Balance Sheet.” The hearing will examine how the Fed’s ability to pay interest on reserves was authorized, how… Read more »

WASHINGTON –Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks Thursday at the National Center for Policy Analysis (NCPA) about the committee’s plan to offer reforms to a pro-growth, pro-consumer alternative to the Dodd-Frank Act’s that is harming the economy and consumers: I need not tell you that we continue to suffer from the slowest,… Read more »

WASHINGTON – The Financial Services Subcommittee on Housing and Insurance held a hearing on Thursday entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for Affordable Housing.” This hearing is part of a series undertaken by the subcommittee to assess affordable and rental housing programs 50… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 9: Thursday, May 12 at 10:00 A.M. – The Housing and Insurance Subcommittee will hold a hearing entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement regarding an announcement by the CFPB that it plans to limit arbitration clauses in financial contracts: “Every day, Americans are seeing their liberties slip away as Washington inexorably grows larger, more intrusive, more… Read more »

Following House passage of a resolution to stop the Obama administration’s controversial “fiduciary” regulation that will restrict access to and raise the cost of financial planning for lower and middle income Americans, Rep. Ann Wagner (R-MO) delivered the following remarks: Hi, I’m… Read more »