Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of June 9: Tuesday, June 10 at 10:00 A.M.- The full committee will mark up legislation to bring much needed accountability and transparency to the CFPB.  It will also consider bills designed to improve capital formation for job-creating small businesses and… Read more »

CLICK HERE TO WATCH Last week, the Financial Services Committee held a hearing to examine the Financial Stability Oversight Council’s (FSOC) designation process for deeming banks and non-bank firms as “systemically important” and the impact of such designations. Watch Rep. Scott Garrett (Twitter|Facebook) discuss those ideas and more in this week's FSC Video Message. Read more »

The House Financial Services Committee today passed 11 bills to enhance capital formation for small and emerging growth companies and provide regulatory relief for community financial institutions. “When we, as a committee, have the opportunity to help put Americans back to work, to help create jobs, we have the responsibility to do so and hopefully to do so on a bipartisan basis. This… Read more »

The Congressional Budget Office (CBO) today confirmed that the Export-Import Bank would cost taxpayers $2 billion over 10 years if the federal government followed more accurate accounting rules. “The Export-Import Bank and its supporters claim it makes money for taxpayers.  As I have said previously, the Export-Import Bank’s supposed profits are nothing more than an… Read more »

As part of its ongoing investigation into allegations of racial and gender discrimination and employee retaliation at the CFPB, the House Financial Services Oversight and Investigations Subcommittee today heard testimony from witnesses who were subpoenaed to appear before the panel. “The fact is that discrimination on the basis of race, sex or other prohibited factors is destructive,… Read more »

The Financial Institutions and Consumer Credit Subcommittee held a hearing today to examine legislative proposals to improve transparency and accountability at the CFPB.  Subcommittee Chairman Shelley Moore Capito (R-WV) said the bills discussed at today’s hearing represent “a continuation of this committee’s efforts to make the Consumer Financial Protection Bureau a more… Read more »

WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on the Financial Stability Oversight Council:  CLICK HERE TO WATCH The committee’s hearing today is on the Financial Stability… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today in response to the Senate Banking Committee’s markup of S. 1217, the Housing Finance Reform and Taxpayer Protection Act: "It is always good to see members of Congress working to move the complicated and contentious issue of housing finance reform forward. I’ve long said we cannot… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 19. Tuesday, May 20, at 10:00 AM: A full committee hearing to examine the Financial Stability Oversight Council’s (FSOC) designation process for deeming banks and non-bank firms as “systemically important” and the impact of such designations. Last week,… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee has subpoenaed two CFPB officials and a union representative to appear before the Subcommittee on Oversight and Investigations on May 21. The subcommittee is conducting an ongoing investigation into allegations of discrimination and retaliation at the CFPB. These allegations were first… Read more »