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Chairman Hensarling Discusses Obama Administration’s Lack of Accountability, Transparency at Hearing with Treasury Secretary

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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s committee hearing with Treasury Secretary Jacob Lew: Secretary Lew, we welcome you back to the committee. We all hope on the state of the international finance system, we trust your testimony will prove insightful and forthright. I would note on his very first day in…

Chairman Hensarling Calls on Secretary Lew to ‘Cease and Desist’ Too-Big-To-Fail Designations

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During a hearing with Treasury Secretary Jacob Lew on Thursday, House Financial Services Committee Chairman Jeb Hensarling (R-TX) said the Financial Stability Oversight Council (FSOC), which Secretary Lew chairs, “should cease and desist” from designating more financial firms as  “too big to fail” until there is an opportunity for greater congressional oversight of the council’s…

Chairman Hensarling Opening Statement at Full Committee Markup of Jobs Bills

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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of several bills designed to help grow the economy, create jobs, and relieve the regulatory burden for community financial institutions: Today the Committee meets to consider a number of different bills to help relieve the burden of regulatory red…

Financial Services Committee Schedule for Week of May 5

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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of May 5. Wednesday, May 7 at 10:00 am: The Financial Services Committee will hold a markup on legislation to enhance capital formation for small and emerging growth companies and provide regulatory relief for community financial institutions. In addition, the…

Subcommittee Subpoenas 3 in Investigation of Discrimination and Retaliation at CFPB

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The House Financial Services Oversight and Investigations Subcommittee today voted to subpoena two CFPB officials and a union representative as part of the subcommittee’s ongoing investigation into allegations of discrimination and retaliation at the Bureau. The CFPB and the National Treasury Employees Union (NTEU) did not allow the officials to appear as witnesses at a subcommittee…

Chairman Hensarling Issues Statement on Export-Import Bank’s Reauthorization Request

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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today released the following statement on the Export-Import Bank’s official request to Congress for a 5 year reauthorization and increase in its lending cap.   “I have always believed that re-authorizing the Export-Import Bank is a bad idea. In many respects, it’s the face of cronyism.  So I was…

FSC Committee Schedule for Week of April 28

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House Financial Services Committee Chairman Jeb Hensarling today announced the committee’s hearing schedule for the week of April 28. Tuesday, April 29 at 10 A.M. - The Financial Services Committee will hold an oversight hearing with Securities and Exchange Commission Chair Mary Jo White to examine the SEC’s rulemaking agenda, operations and $1.7 billion budget request. Committee…

Oversight and Investigations Subcommittee Announces Business Meeting

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The House Financial Services Subcommittee on Oversight and Investigations today announced it will hold a business meeting on Tuesday, April 29th for the purpose of authorizing the issuance of subpoenas compelling the testimony of two CFPB employees—M. Stacey Bach, Assistant Director of the Office of Equal Employment Opportunity; and Liza Strong, Director of Employee Relations—as well as…

Financial Services Committee to Hold Oversight Hearing on SEC

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Securities and Exchange Commission Chair Mary Jo White will testify before the House Financial Services Committee on Tuesday, April 29. The committee will hold an oversight hearing to examine the SEC’s rulemaking agenda, operations and $1.7 billion budget request. Committee members are also expected to discuss financial commitments made for technology projects from the SEC’s $100 million…