Press Releases

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement on the House floor today in support of H.R. 1675, the Encouraging Employee Ownership Act: I rise in strong support of H.R. 1675, the Encouraging Employee Ownership Act. I do this because, as you know Mr. Chairman, regrettably we… Read more »

WASHINGTON – Terrorist groups and criminal organizations can exploit the international trade system to fund their activities with relatively low risk of detection, members of the Financial Services Task Force to Investigate Terror Financing said today during a hearing. Trade-based money laundering (TBML) is widely recognized as one of the most common manifestations of international… Read more »

WASHINGTON – Bipartisan reforms to improve the effectiveness of public housing programs were approved by the House on Tuesday by a vote of 427-0. The reforms included in the “Housing Opportunity Through Modernization Act” update and improve outdated rules and regulations in order to give state and local housing agencies and private… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of its FY 2017 Budget Views and Estimates: Three weeks ago we heard President… Read more »

WASHINGTON – The Oversight and Investigations Subcommittee held a hearing today focused on its investigation that reveals the Obama Administration misled Congress and the public about its ability to prioritize payments during negotiations over the nation’s debt ceiling. While Administration officials publicly claimed prioritizing… Read more »

WASHINGTON -- Documents subpoenaed by the House Financial Services Committee reveal the Obama Administration is not only capable of prioritizing payments in case the nation’s borrowing authority is not raised, it has run “tabletop exercises” to prepare for such a contingency – contradicting earlier public statements from Treasury officials. … Read more »

WASHINGTON – Small businesses would get more attention and support from the Securities and Exchange Commission (SEC) and local banks would get some help complying with regulations under bipartisan bills approved by the House on Monday. “The president’s policies have delivered the slowest and weakest recovery in history, so Congress… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s updated schedule for the week of February 1. Tuesday, February 2 at 10:00 A.M.  – The Financial Services Committee will hold a markup of its Views and Estimates on the budget for fiscal year 2017. Tuesday, February 2 at 2:00 P.M. - The Subcommittee on Oversight… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the committee on Wednesday, February 10 at 10 a.m. for the Fed’s semi-annual Monetary Policy Report to Congress.  Since Chair Yellen last appeared before the Committee to report on monetary policy and the state of the economy in July 2015,… Read more »

WASHINGTON -- The Consumer Financial Protection Bureau is distributing $80 million in settlement proceeds from its enforcement action against Ally Financial and its subsidiary Ally Bank without verifying that recipients are eligible to receive the money.  The result is some white borrowers are getting settlement checks over alleged racial discrimination against African-Americans,… Read more »