Press Releases

WASHINGTON -- The House of Representatives passed two Financial Services Committee bills today to bring needed accountability to Washington bureaucracies and to help small banks serve their customers and communities. H.R. 3340, Financial Stability Oversight Council Reform Act Sponsor: Rep. Tom Emmer (R-MN) The… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) gave the following statement following the Federal Housing Finance Agency’s principal reduction announcement: As Yogi Berra once famously said, “It's déjà vu all over again.” Memories are clearly short among Washington’s ruling elite because they continue… Read more »

WASHINGTON – The Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing today examining the impact of the bipartisan Jumpstart Our Business Startups (JOBS) Act in the four years since it became law. “It’s not very often that Congress can look back at a major piece of legislation and be able to measure the tangible, positive impact it is having on peoples’… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks on the House floor today in support of H.R. 3791, legislation to help small community banks raise capital and serve their customers: Mr. Speaker, I rise today in strong support of H.R. 3791, which is a much-needed regulatory… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following floor statement in support of H.R. 3340, the Financial Stability Oversight Council Reform Act: Mr. Speaker, I rise in strong support… Read more »

The House Financial Services Committee approved bills today that repeal the Dodd-Frank Act’s bailout fund for large, complex financial institutions and make the CFPB more accountable to taxpayers by putting its spending on budget. “When it comes to the resolution of these large, complex financial institutions, should we have bailouts or should we have bankruptcy? I think most… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of bills that repeal the Dodd-Frank Act’s bailout fund and make the CFPB more accountable to taxpayers by putting its spending on budget: We have two bills that are before us today and… Read more »

Secrecy surrounding how Washington regulators determine whether the “living wills” submitted by banks are credible “could undermine public and market confidence,” according to a new report released today by the Government Accountability Office (GAO). “Without greater transparency, the lack of clear understanding of the regulators’ decisions…may… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following statement after the House of Representatives passed H.R. 2947, a bill to create a new bankruptcy chapter for failing banks: Instead of ending “too big to fail” and taxpayer-funded Wall Street bailouts, the Dodd-Frank Act enshrines them into law. Despite assurances by the Obama Administration and… Read more »

WASHINGTON- Next week the House of Representatives will consider two Financial Services Committee bills to bring needed accountability to Washington bureaucracies and to help small banks serve their customers and communities. H.R. 3340, Financial Stability Oversight Council Reform Act Sponsor: Rep. Tom Emmer (R-MN) The Financial Stability Oversight Council (FSOC) and the Office of… Read more »