Press Releases

WASHINGTON- Next week the House of Representatives will consider two Financial Services Committee bills to bring needed accountability to Washington bureaucracies and to help small banks serve their customers and communities. H.R. 3340, Financial Stability Oversight Council Reform Act Sponsor: Rep. Tom Emmer (R-MN) The Financial Stability Oversight Council (FSOC) and the Office of… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 11: Wednesday, April 13 at 10:00 A.M. – A full committee markup to consider cost-saving measures as part of the House Republican FY 2017 budget. Thursday, April 14 at 10:00 A.M. – A Capital Markets and Government Sponsored Enterprises Subcommittee… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following statement after the Department of Labor issued the final version of its controversial “fiduciary” regulation that will harm millions of lower and middle income Americans by raising the costs of financial planning: “Millions of Americans turn to financial advisors to help them plan and save for… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding reports the Obama Administration is working to provide terrorist-sponsoring Iran with access to the U.S. financial system or give Iran access to U.S. dollars outside the U.S. financial system: “These reports are… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about today’s court ruling that struck down Washington’s attempt to designate MetLife as a “systemically important financial institution” (SIFI): “Although I obviously wasn’t in the courtroom to hear the evidence, I am very encouraged by today’s ruling.  One of the… Read more »

Treasury’s Failure to Comply Results in Subpoenas The Treasury Department’s refusal to comply with a subpoena and respond to numerous other requests for information led the Financial Services Committee to subpoena four Treasury officials this week.  During a hearing on Tuesday, committee Republicans and Treasury Secretary Jack Lew “sparred over Treasury’s transparency,” reported… Read more »

WASHINGTON – The Subcommittee on Housing and Insurance held a hearing on Tuesday on how government regulations impact the cost of housing. Subcommittee members heard testimony from a panel of witnesses who addressed housing trends and how government policies can promote or hinder the development of affordable housing. “Government has inserted itself into the business of housing by… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Jacob Lew: Before we begin today’s hearing, we need to keep in our thoughts and prayers the victims of this morning’s attacks in Belgium, as well as their loved… Read more »

WASHINGTON - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of March 21: Tuesday, March 22 at 10:00 A.M.- The Financial Services Committee will hold a hearing to receive the annual testimony of the Secretary of the Treasury on the State of the International Financial System. Treasury Secretary Jacob Lew will… Read more »

Committee Challenges CFPB Director CFPB Director Richard Cordray appeared before the committee on Wednesday, where he was confronted with questions about how the Bureau’s actions are harming the very consumers it is supposed to protect.  Cordray faced tough questions on everything from the CFPB’s attempt to exceed its powers, to its extravagant building renovation, expected rule to… Read more »