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Lawmakers: Criminal Investigation of Fed Leak Appears Timed to Obstruct Congressional Probe

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WASHINGTON – Leaders of the House Financial Services Committee suspect the recent criminal investigation into a 2012 leak of market-sensitive information at the Federal Reserve was timed in an effort to obstruct Congress’s investigation into possible misconduct or mismanagement at the Fed. Last month the Committee subpoenaed the Fed for documents related to the leak of confidential…

Subcommittee Examines Cyber Threats to U.S. Financial Sector

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  WASHINGTON – The House Oversight and Investigations Subcommittee held a hearing today as a part of an ongoing series on the growing threat cyberattacks pose to the U.S. economy and the financial services sector. “Nearly every government agency has been a target of cyber attacks, and with the recent OPM breach, the federal government has…

Subcommittee Examines Proposals to Grow the Main Street Economy

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  WASHINGTON – The House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing today to discuss legislative proposals to modernize business development companies (BDCs) and expand investment opportunities. In passing the Jumpstart Our Business Startups (JOBS) Act in 2012, Congress took an…

MEDIA ADVISORY: Committee Schedule for the Week of June 15

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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of June 15. Tuesday, June 16 at 10:00 A.M. - The Oversight and Investigations Subcommittee will examine cyber threats from a global perspective, exploring threats posed to the U.S. from foreign nations, terrorist organizations, criminal enterprises and other entities…

Hensarling Opening Statement at HUD Oversight Hearing

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  CLICK HERE TO WATCH Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Housing and Urban Development Secretary Julian Castro:   As we approach…

Committee to Examine HUD, Consumer Choice and Financial Independence Legislation This Week

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 Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of June 8: Thursday, June 11 at 10:00 A.M. - A Full Committee hearing to examine the Department of Housing and Urban Development’s  budget, operations, and programs. Witness:  Julian Castro, Secretary, Department of Housing and Urban Development.…

Witnesses Testify Export-Import Bank Tilts Playing Field Against U.S. Workers

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Witnesses appearing before the House Financial Services Committee today at a hearing on the Export-Import Bank are testifying that Ex-Im harms some American jobs, tilts the playing field against some U.S. companies and has problems with corruption. Excerpts from their submitted testimony are below: Corruption, Bribes “We found Ex-Im Bank’s risk assessment for FY 2014 reporting…