Press Releases

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that the Committee will begin meeting on Tuesday, Sept. 13 to debate the Financial CHOICE Act, consider possible amendments and vote on the legislation. The Financial CHOICE Act -- the Republican alternative to the failed Dodd-Frank Act -- will end taxpayer-funded bailouts of large financial… Read more »

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling raised serious questions Thursday about the Obama Administration’s $1.7 billion in cash payments to Iran during a hearing of the Oversight and Investigations Subcommittee. Addressing a panel of witnesses from the Obama State, Treasury, and Justice Departments who only appeared after he threatened them with subpoena,… Read more »

WASHINGTON -- The Financial Services Subcommittee on Oversight and Investigations held a hearing Thursday on the Obama Administration’s decision to pay $1.7 billion to Iran in cash, even as senior Justice Department officials warned that Iran would see the payment as ransom for four Americans being held prisoners by the regime that the U.S. labels the world’s biggest state sponsor of… Read more »

WASHINGTON -- The House on Thursday passed the Accelerating Access to Capital Act, a package of three bills that will help small businesses access the capital they need to grow the economy and create jobs. The U.S. economy grew an average of 3.7 percent during other recoveries since 1960, but growth has averaged a meager 2.1 percent in the current recovery.  In the second quarter of… Read more »

WASHINGTON – Witnesses appearing before the Subcommittee on Monetary Policy and Trade at a hearing on Wednesday warned that reforms to the Federal Reserve System sought by liberals would politicize monetary policy deliberations and threaten the Fed’s independence in the conduct of monetary policy. “The Fed’s public-private structure supports monetary policy independence by ensuring a… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement on the House floor today in support of H.R. 5063, the Stop Settlement Slush Funds Act: Mr. Chairman, our Constitution is under assault, so I rise today in support of H.R. 5063, the Stop Settlement Slush Funds Act. A nearly two-year long investigation jointly conducted by the… Read more »

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of Sept. 5: Wednesday, Sept. 7 at 10:00 a.m. -- The Subcommittee on Monetary Policy and Trade will hold a hearing to examine the governance of Federal Reserve Banks and how it relates to the conduct of monetary policy and economic performance.  Witnesses at… Read more »

WASHINGTON -- The House next week is scheduled to debate two bills approved by the Financial Services Committee that will reduce regulatory burdens so small businesses can better access capital and create jobs. “It’s unacceptable that our economy is barely growing.  If we want to ignite strong and lasting growth, help create more jobs and build a healthy economy for all Americans,… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on Thursday after the State Department admitted that the United States would not hand over $400 million in cash to Iran until it released four American hostages: “There’s a word for that.  It’s called ransom.  But two weeks ago President Obama insisted to the American people that the… Read more »

WASHINGTON – The Federal Housing Administration (FHA) is steering borrowers toward a down payment assistance program with a funding scheme that violates federal law, forces borrowers to accept a higher interest rate, and poses a risk to the FHA’s insurance fund, according to the Inspector General of the Department of Housing and Urban Development (HUD). In addition, while the Inspector… Read more »