Press Releases

As part of its ongoing efforts to strengthen the economy and hold Washington accountable, the Financial Services Committee today passed several bipartisan regulatory relief bills and legislation to make the Federal Reserve more accountable and transparent.  The committee also approved a five-year reauthorization of the Native American Housing Assistance and Self-Determination Act… Read more »

The Government Accountability Office will look into the CFPB’s organizational culture and management practices in light of allegations that Bureau managers are discriminating against employees based on race and gender and retaliating against employees who complain, Rep. Patrick McHenry (R-NC) announced at a hearing today. Rep. McHenry, who chairs the Financial Services Subcommittee on… Read more »

Today, as part of its Federal Reserve Centennial Oversight Project, the House Financial Services Committee passed H.R. 5018, the Federal Reserve Accountability and Transparency Act. The bill, sponsored by Rep. Bill Huizenga (R-MI) and Rep. Scott Garrett (R-NJ), passed the committee 32-26. H.R. 5018 requires the Federal Reserve to adopt a more predictable rules-based policy -- of the… Read more »

“Again, job number one will continue to be the creation of jobs and economic growth in this committee. These bills are designed to ensure just that.”   CLICK HERE TO WATCH WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement about today’s hearing on allegations of corruption at the Export-Import Bank: "The Export-Import Bank has a long and unfortunate history when it comes to ethical lapses and mismanagement, and today we shockingly learned there are 40 active and ongoing investigations of fraud at Ex-Im. … Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX), who on Friday called on President Obama to “halt any and all deals the Export-Import Bank is working on with Russia and with Russian companies,” today was informed by the Treasury Department that the Obama Administration is suspending all Export-Import Bank financing for deals in Russia. Chairman Hensarling issued the following… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today sent the following letter to President Obama calling on him to “halt any and all deals the Export-Import Bank is working on with Russia and with Russian companies and to suspend consideration of future Ex-Im deals involving Russia.” The full text of the letter is below: Mr. President: The situation in Ukraine grows… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of July 28th. Tuesday, July 29th at 10:00 A.M.- A Full Committee markup of six bills, including legislation that will bring much needed transparency and accountability to the Federal Reserve and provide regulatory red-tape relief to community financial institutions.… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the announcement that the Oversight and Government Reform Committee will hold a hearing next week to examine allegations of corruption at the Export-Import Bank: “The allegations of kickbacks and corruption at the Export-Import Bank are as disturbing as they are serious.  At… Read more »

“It wasn’t deregulation; it was bad regulation that helped lead us into this crisis. So if you get the wrong diagnosis you get the wrong remedy. Dodd-Frank has been the wrong remedy, adding incomprehensible complexity to incomprehensible complexity.” CLICK HERE TO WATCH WASHINGTON- House… Read more »