Press Releases

House’s Week Focuses on Committee Bills The House of Representatives passed four bipartisan Financial Services Committee bills this week, marking another week of House activity that focused on the Committee’s work. Since the beginning of the 114th Congress in January 2015, the House has passed 60 Financial Services Committee measures – 30 of which have been signed into law. “Each one… Read more »

WASHINGTON – The House today approved 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. “Millions of Americans turn to financial advisors to help them plan and save for retirement, to send a… Read more »

WASHINGTON – Startup companies will find it easier to attract investments that allow them and other small businesses to grow and create jobs under bipartisan legislation passed by the House 325-89 on Wednesday. The Helping Angels Lead Our Startups Act (HALOS Act) defines an “angel investor group” and clarifies a regulation issued by the… Read more »

WASHINGTON – The Financial Services Monetary Policy and Trade Subcommittee held a hearing today with Dr. Nathan Sheets, Under Secretary for International Affairs at the U.S. Department of the Treasury, to examine ways the U.S. can make development banks more accountable. “Congress plays a very important role in determining U.S.… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today delivered the following remarks on the House Floor during consideration of H.R. 4498, the Helping Angels Lead Our Startups (HALOS) Act: Mr. Speaker, I rise in strong support of H.R. 4498, the Helping Angels Lead Our Startups Act, known as the HALOS Act.… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 25: Wednesday, April 27 at 10:00 A.M. –  The Monetary Policy and Trade Subcommittee will hold a hearing entitled “How Can the U.S. Make Development Banks More Accountable?” All committee activity will take place in Room 2128 of the Rayburn… Read more »

ISIS Profiting From Looted Antiquities The Task Force to Investigate Terror Financing held a hearing on Tuesday to examine the best ways to counter the plunder and sale of priceless cultural antiquities by Islamic State terrorists.  Such looting is occurring on an “unprecedented scale” and some estimate ISIS could be generating up to $200 million per year from the illicit trade in… Read more »

WASHINGTON – The Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing today with top officials of the Securities and Exchange Commission (SEC) to conduct oversight of their offices and divisions. “During much of the time when Congress has been accused of starving the SEC of the funds it… Read more »

WASHINGTON – The Financial Services Task Force to Investigate Terror Financing held a hearing today to examine the best ways to counter the plunder and sale of priceless cultural antiquities by Islamic State terrorists.  Such looting is occurring on an “unprecedented scale” and is generating significant revenue for the Islamic State, also known as ISIS or ISIL, the United Nations has… Read more »

Holding Bureaucrats Accountable and Helping Main Street Grow Two committee priorities – holding Washington accountable and growing Main Street’s economy – were on the House floor this week in the form of Rep. Tom Emmer’s (R-MN) “Financial Stability Oversight Council Reform Act” and Rep. Mia Love’s (R-UT) regulatory relief bill for small community banks.  Both passed the House and now… Read more »