Press Releases

Fed Chair to Committee: Financial Conditions “Less Supportive of Growth” Federal Reserve Chair Janet Yellen on Wednesday told the Financial Services Committee that the nation’s central bank is studying the feasibility of pushing short-term interest rates into negative territory. “Financial conditions in the United States have recently… Read more »

WASHINGTON -- The Housing and Insurance Subcommittee continued its examination of the “Future of Housing in America” today, holding its sixth hearing of the 114th Congress on the topic. Today’s hearing focused on the fiscal health of the Federal Housing Administration (FHA), particularly its Mutual Mortgage Insurance Fund (MMIF) and Home Equity… Read more »

  WASHINGTON – Today, the Financial Institutions and Consumer Credit Subcommittee held a hearing to examine the Consumer Financial Protection Bureau’s latest attempt to restrict consumer access to financial products and services.   The Bureau is expected to soon propose a rule that will harm consumers by taking away their right to access small dollar, short-term loans. For the… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to receive the Monetary Policy and State of the Economy report from Federal Reserve Chair Janet Yellen: Last month we all heard President Obama attempt to take an economic victory lap in… Read more »

WASHINGTON -- A group of Nobel Prize winning economists and former senior economic policy officials announced their support for House-passed reforms that would make the Federal Reserve more accountable and transparent. The House approved the Fed Oversight Reform and Modernization Act (H.R. 3189, the FORM Act) in November. Among its… Read more »

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX)  issued the following statement regarding President Obama's Fiscal Year 2017 budget submission:   “Once again, the president submitted his budget after the statutory deadline and, once again, it wasn't worth the wait.  The only silver lining for American taxpayers is that this budget proposal is the… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of February 8. Wednesday, February 10 at 10:00 A.M. – Federal Reserve Chair Janet Yellen will appear before the full committee to deliver the Federal Reserve’s semi-annual Monetary Policy Report to… Read more »

House Focuses Week on Passing Bipartisan Bills Sponsored by Committee Members Action on the House floor this week was dominated by bills that came out of the Financial Services Committee. The House passed seven bipartisan bills sponsored by committee members, including bills to help create jobs on Main Street, improve housing assistance,… Read more »

Bipartisan legislation passed by the House today will prevent abuses by federal banking regulators who are choking off access to financial services for legally operating businesses. The bill, the Financial Institution Customer Protection Act, was approved 250-169. The bill is a direct response to “Operation Choke Point,” an attempt… Read more »

WASHINGTON – A bipartisan bill to help our nation’s Main Street businesses access the funding and investments they need to grow and create jobs passed the House today 265-159. True, sustainable economic growth that increases paychecks and creates opportunity for all comes from Main Street, not Washington. Yet excessive Washington… Read more »