Press Releases

The Financial Services Committee approved several bills today designed to support greater economic growth and increase oversight and accountability of unchecked financial regulators. “Instead of ending ‘Too Big to Fail’ and taxpayer-funded Wall Street bailouts, the Dodd-Frank Act enshrines them into law.  Dodd-Frank increases the power and control that largely unaccountable… Read more »

The Financial Services Committee held a hearing today to conduct oversight of the Federal Reserve in its role as a prudential regulator under the Dodd-Frank Act. Federal Reserve Chair Janet Yellen was the witness. The Dodd-Frank Act, signed into law by President Obama five years ago, greatly expanded the Federal Reserve’s regulation and supervision authority. In recognition of these… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s tentative hearing schedule for the week of November 2nd.  November 3rd at 10 a.m. – A full committee markup of bring much-needed accountability, transparency, and reform to some of the Dodd-Frank Act’s most harmful provisions. Small business regulatory relief and capital formation… Read more »

President Obama’s failure to fulfill a requirement of the Dodd-Frank Act and appoint a Vice Chairman for Supervision at the Federal Reserve means Fed Chair Janet Yellen will testify next week before the House Financial Services Committee. Chairman Jeb Hensarling (R-TX) today announced Federal Reserve Chair Janet Yellen will testify on Nov. 4 before the Committee about the Fed’s actions… Read more »

The House on Tuesday passed H.R. 1090, the Retail Investor Protection Act, by a vote of 245-186.    The bill, sponsored by Financial Services Committee member Rep. Ann Wagner (R-MO), would stop the Department of Labor from finalizing its proposed fiduciary rule until the Securities and Exchange Commission (SEC) acts on the issue. “At one time this Administration told us ‘if… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement concerning the House’s vote on the Export-Import Bank: The more Americans learn about the Export-Import Bank’s political lending, corruption and fundamental unfairness, the more they want it to end. That’s why we’re seeing a record number in Congress vote to end Ex-Im both in the Senate,… Read more »

The Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing to examine the Securities and Exchange Commission’s (SEC) Division of Investment Management . The Division of Investment Management is responsible for the SEC’s regulation of investment companies, variable insurance products, and federally registered investment advisers. Subcommittee… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing to examine the Future of Housing in America and the Department of Housing and Urban Development (HUD) during its 50th anniversary year: In launching the War on Poverty, President Lyndon Johnson told us its purpose was, “not only to relieve the symptom of poverty but… Read more »

The Financial Services Committee continued its in-depth examination of federal housing policy with a hearing today focused on the role of the Department of Housing and Urban Development (HUD). One of the chief weapons in the “War on Poverty” launched by President Lyndon Johnson, HUD became a cabinet-level agency 50 years ago last month. “In its history HUD has clearly achieved good. It… Read more »

As part of the Financial Services Committee’s year-long examination of the Department of Housing and Urban Development (HUD) during its 50th anniversary year, the Housing and Insurance Subcommittee held a hearing today to examine how the federal government can better provide housing assistance in the 21st century and serve the housing needs of low-income individuals and… Read more »