Press Releases

WASHINGTON- In an ongoing effort to keep the dangerously unaccountable and powerful Consumer Financial Protection Bureau (CFPB) from harming consumers, the House today passed two bipartisan bills to correct two of the Bureau’s damaging regulatory actions.  H.R. 1737, the Reforming CFPB Indirect Auto Financing Guidance Act The CFPB has created enormous uncertainty in the indirect… Read more »

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at this morning’s oversight hearing on the Securities and Exchange Commission: This Committee is committed to conducting vigorous oversight of the SEC because the SEC’s three-part mission is an important one as Americans continue to struggle through an economy that is… Read more »

The Financial Services Committee held a hearing today to conduct oversight of the Securities and Exchange Commission (SEC) with SEC Chair Mary Jo White. Committee members discussed the SEC’s budget, which has increased by 64 percent since Fiscal Year 2005, as well as capital formation for small and medium-sized businesses. Although promoting capital formation is a specific mandate in… Read more »

WASHINGTON - The Financial Services Monetary Policy and Trade Subcommittee today held a hearing as part of the full committee’s continued oversight of the the Dodd-Frank Act, signed into law by President Obama five years ago.  Today’s hearing focused on the conflict minerals provision in Dodd-Frank. Section 1502 of Dodd-Frank requires public companies to disclose whether they source… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments today about the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund.  An independent actuarial analysis released today shows the MMI Fund’s capital ratio stands at 2.07 percent—the first time since 2008 that FHA’s reserve ratio meets the legally… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of November 16.  November 17 at 10 a.m. – The Monetary Policy and Trade Subcommittee will hold a hearing to examine the impact of the Dodd-Frank Act’s requirement for public companies to report whether they source “conflict minerals” from the Democratic… Read more »

The House is scheduled to vote next week on legislation designed to improve the economy’s performance by making the Federal Reserve more accountable and transparent. The bill, the Fed Oversight Modernization and Reform Act (FORM Act) sponsored by Monetary Policy and Trade Subcommittee Chairman Bill Huizenga (R-MI), requires the Fed to choose a monetary policy strategy and communicate… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) successfully attached a package of 15 bipartisan bills to transportation legislation being considered by the House.  The bills were offered as an amendment by Chairman Hensarling which passed the House without opposition. “People are still hurting in this economy.  We need to do everything we can to promote economic… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) offered an amendment to the multi-year transportation bill that the House Rules Committee made in order Tuesday evening.  The Chairman’s amendment includes the text of 15 bipartisan bills that were previously approved by the House. “This amendment contains bipartisan bills that have already received overwhelming support… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chair Janet Yellen on the Fed’s supervision and regulation of the financial system: The Dodd-Frank Act requires the Federal Reserve’s Vice Chair of Supervision to testify before our committee twice a year regarding the Fed’s supervision and… Read more »