Press Releases

WASHINGTON – Enhancing the portability of housing assistance vouchers will help recipients achieve economic self-sufficiency by opening up new and better job, education and housing opportunities, witnesses told the Subcommittee on Housing and Insurance today. The hearing was the ninth held by the Subcommittee since January 2015 on “The Future of Housing in America.” “Too often, the… Read more »

WASHINGTON -- The House this week is scheduled to debate a bipartisan bill approved by the Financial Services Committee that will bring transparency to the financial assets held by Iran’s top political and military leaders and how these assets contribute to Iran’s funding of terrorism. “The Islamic Republic of Iran is identified as both the world’s foremost state sponsor of terrorism and… Read more »

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX) said today the committee has launched an investigation into alleged fraud that led to the opening of unauthorized customer accounts at Wells Fargo and the role of Washington regulators in monitoring and investigating this activity. As part of its investigation, the committee will be calling John Stumpf, the… Read more »

Committee Approves Financial CHOICE Act “The Financial CHOICE Act will help grow the economy for all Americans, not just those at the top.  It promotes strong and transparent markets to revitalize job creation in our poorest communities and ensures every American has the opportunity to achieve financial independence, no matter where they start out in life,” said Chairman… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of Sept. 19: Wednesday, Sept. 21 at 10:00 a.m. – The Subcommittee on Housing and Insurance will hold a hearing entitled “The Future of Housing In America: A Better Way to Increase Efficiencies For Housing Vouchers and Create Upward Economic Mobility.” Wednesday,… Read more »

Legislation to end bailouts for big banks, toughen penalties for wrongdoing on Wall Street, promote economic growth, and provide desperately needed regulatory relief for small community banks and credit unions passed the House Financial Services Committee 30-26 today. The legislation – the Financial CHOICE Act – ends the Dodd-Frank Act’s taxpayer-funded bailouts of large financial… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's markup of H.R. 5983, the Financial CHOICE Act: It has been six years since the passage of Dodd-Frank.  We were told it would lift our economy, but instead we are stuck in the slowest, weakest, most tepid recovery in the history of the Republic.  The economy does… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today formally introduced the Financial CHOICE Act, the Republican alternative to the failed Dodd-Frank Act which has contributed to the weakest and slowest economic recovery since at least World War II.  The Financial CHOICE Act, H.R. 5983, will end taxpayer-funded bailouts of large financial institutions; relieve banks… Read more »

Morning Consult: Hensarling’s Dodd-Frank Replacement Includes Tougher Fines for Wall Street “House Financial Services Committee Chairman Jeb Hensarling said his forthcoming proposal to replace the 2010 Dodd-Frank law would double or triple certain fines for financial misconduct.” Bloomberg: Hensarling says… Read more »

The House of Representatives today passed the Investment Advisers Modernization Act by a vote of 261-145.  The bipartisan bill updates portions of a 76-year-old law by updating regulations that impose an unnecessary burden on smaller companies’ access to capital. “We know small businesses across the country are struggling to find the investments and financing options that enable… Read more »