Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on the Federal Reserve’s announcement today that the central bank is ending its massive experiment in stimulus spending known as “quantitative easing”: "The end of QE is good news. While many believe monetary accommodation was necessary in 2008 and 2009, the Federal Reserve allowed its… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the final risk retention rule adopted by federal regulators today – three years after the rule was first proposed.  As required by the Dodd-Frank Act, the rule defines “qualified residential mortgage” (QRM) and exempts securitizations of QRMs from risk retention. “Dodd-Frank gave regulators… Read more »

A spokesperson for the House Financial Services Committee made the following statement regarding President Obama’s decision to visit the temporary headquarters of the CFPB today: “It’s pretty bold for President Obama to visit an agency mired in controversy over employee discrimination that’s also leasing office space in a building owned by an Obama bundler while its Washington… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement about President Obama’s meeting with financial regulators to discuss implementation of Dodd-Frank Act regulations: “Dodd-Frank is every bit as far-reaching in its harmful consequences for struggling Americans as Obamacare.  Thanks to Dodd-Frank, it is harder for low and moderate income… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today released the following statement on the Government Accountability Office (GAO) report showing the CFPB is not taking adequate steps to protect the private financial data it is collecting on millions of Americans: “It literally took an act of Congress to obtain this information because the unaccountable CFPB would not… Read more »

Today, the House of Representatives passed H.R. 4, the Jobs for America Act, which contains two House Financial Services Committee regulatory relief bills. “With millions of our fellow Americans unemployed and underemployed in this struggling economy, job number one for the Financial Services Committee is job creation and economic growth.  During this Congress, our committee has… Read more »

The House on Friday will consider H.R. 4, the Jobs for America Act, which contains two House Financial Services Committee regulatory relief bills that have received broad bipartisan support. “With millions of our fellow Americans unemployed and underemployed in this struggling economy, job number one for the Financial Services Committee is job creation and economic growth. … Read more »

The House of Representatives today passed two bipartisan job creation and regulatory relief bills from the Financial Services Committee. H.R. 5461, the Insurance Capital Standards Clarification Act of 2014, introduced by Rep. Andy Barr (R-KY), would amend the Dodd-Frank Act to give the Federal Reserve flexibility to set capital standards for insurance companies.  Also included in… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today regarding President Obama’s comments about the Export-Import Bank: “President Obama was right in 2008 when he called the Export-Import Bank ‘little more than a fund for corporate welfare’ and wrong today when he cheerleads for its renewal. “We need to level the playing field so American… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement in reaction to President Obama’s call for Congress to reauthorize the Export-Import Bank: “Today, President Obama was cheerleading for the Export-Import Bank, which he once cheered against as a candidate when he called the Bank ‘little more than a fund for corporate welfare.’  Given that… Read more »