Press Releases

WASHINGTON – Members of the Financial Stability Oversight Council (FSOC) faced questions about their ability to designate insurers and financial companies as “systemically important” and the Council’s lack of openness and transparency at an oversight hearing of the Financial Services Committee on Tuesday.  Eight of the Council’s 10 voting members appeared at the hearing. “Of all… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for next week.  Tuesday, December 8 at 10:00 A.M. – Eight of the Financial Stability Oversight Council’s 10 voting members will appear before the Financial Services Committee for an oversight hearing.  The FSOC, created by the Dodd-Frank Act, is a committee of regulators… Read more »

The final version of the five-year highway bill approved by the House today includes an amendment offered by Financial Services Committee Chairman Jeb Hensarling (R-TX) of 15 bipartisan financial services bills. The 15 bills included in the Hensarling amendment had previously passed the House as stand-alone measures with strong bipartisan support, and the Hensarling amendment was added… Read more »

The Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing today to review legislative proposals that are designed to improve U.S. capital markets. Subcommittee Chairman Scott Garrett (R-NJ) said in his opening statement, “While the recent finalization of the ‘Reg A plus’ and Crowdfunding rules means that the major rulemakings required by the… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX), who served on the Conference Committee for H.R. 22, the Fixing America’s Surface Transportation (FAST) Act, released the following statement:  “I want to commend Chairman Shuster for his dedication to an open process both in the House Transportation and Infrastructure Committee and on the House floor. His… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about the emergency lending rule adopted by the Federal Reserve on Monday: “Five years after Dodd-Frank became law, ‘too big to fail’ is unfortunately alive and well and this rule from the Federal Reserve doesn’t change that.  Indeed, by leaving the door wide open to future taxpayer-funded… Read more »

WASHINGTON -- The statistical method the Consumer Financial Protection Bureau (CFPB) is using to allege racial discrimination in auto lending is “prone to significant error,” according to internal Bureau documents obtained by the House Financial Services Committee.  In addition, internal memoranda reveal that senior Bureau officials warned CFPB Director Richard Cordray of the… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s tentative hearing schedule for the week of November 30th.  Wednesday, December 2nd at 10:00 A.M. - The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to review three legislative proposals to enhance capital formation for small and medium-sized… Read more »

WASHINGTON - This week the House passed seven bills with bipartisan support from the Financial Services Committee.  Below is the list of bills passed by the House: H.R. 3189, the “Fed Oversight Reform and Modernization Act of 2015” Sponsor: Rep. Bill Huizenga (R-MI) H.R. 3189 would improve the economy’s performance by bringing greater accountability and transparency to the… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following comments during the House’s debate on legislation to reform the Federal Reserve to make it more transparent and  accountable to the American people: I rise in strong support of H.R. 3189, the FORM Act, to reform the Federal Reserve. It is sponsored by the gentleman from Michigan, Mr.… Read more »