Press Releases

The Dodd-Frank Act not only failed to respond effectively to the 2008 financial crisis, but it also created a host of new problems and lays the groundwork for the next financial crisis, a House subcommittee heard from witnesses on Wednesday. The Financial Services Subcommittee on Oversight and Investigations, chaired by Rep. Sean Duffy (R-WI), held the hearing to examine assumptions… Read more »

The Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, chaired by Rep. Scott Garrett (R-NJ), held its second in a series of hearings on Wednesday to review legislative proposals designed to reduce regulatory burdens so small companies can gain access to job-creating capital.   “As multiple… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) praised Senator Richard Shelby for offering draft regulatory relief legislation aimed at improving Americans’ access to credit. “Having spent the 113th Congress sending dozens of bipartisan, common sense regulatory relief bills to the Senate only to watch them die due to Harry Reid’s obstructionism, it’s encouraging to… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued subpoenas today to three agencies that have refused to comply with requests for information and documents needed to continue active investigations. The three agencies were previously warned that a failure to comply could result in subpoenas. The subpoenas were issued today to: • The Justice Department, which is… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of May 11. Wednesday, May 13 at 9:30 A.M. - The Oversight and Investigations Subcommittee will hold a hearing entitled “The Dodd-Frank Act and Regulatory Overreach.” The hearing will take place in room HVC-210 of the Capitol Visitor Center. Wednesday, May 13 at… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Sean Duffy (R-WI) released the following statement on Tuesday regarding the committee’s investigation into a leak of market-sensitive information from the Federal Open Market Committee: “Oversight of federal agencies is one of Congress’ most important duties, and we are… Read more »

The Financial Services Subcommittee on Monetary Policy and Trade and the Oversight and Government Reform Subcommittee on Health Care, Benefits and Administrative Rules held the second in a series of hearings on Thursday on the Export-Import Bank.  At Thursday’s hearing, the subcommittees examined the Export-Import Bank’s mandates. “The Export-Import Bank’s stated goal is to support… Read more »

  The Financial Services Subcommittee on Housing and Insurance, chaired by Rep. Blaine Luetkemeyer (R-MO), held a hearing on Wednesday to examine the impact international regulatory standards could have on the competitiveness of U.S. insurers. “Our nation enjoys the most robust,… Read more »

  The Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, chaired by Rep. Scott Garrett (R-NJ), held a hearing on Wednesday to review proposals designed to reduce regulatory burdens so small companies can gain access to job-creating capital. “Since… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) announced the following hearing schedule for the week of April 27: Wednesday, April 29th at 10:00 A.M.- The Housing and Insurance Subcommittee will hold a hearing to examine the impact of international regulatory standards on the competitiveness of U.S. insurers. Specifically, the hearing will focus on international regulatory… Read more »