Press Releases

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing on the proper role of the Federal Housing Administration (FHA) in the nation's mortgage insurance market.  Today's hearing is the first in a series of hearings the committee plans on the FHA.    "Last week many of us awoke to… Read more »

Chairman Jeb Hensarling announced today that the Financial Services Committee will hold a series of hearings throughout the year that focus on the financially troubled Federal Housing Administration, the FHA’s outsized role in the nation’s housing finance system, and the need to create a sustainable mortgage finance system. The FHA’s single-family insurance fund, which insures more… Read more »

Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, issued the following statement today regarding the Federal Reserve’s announcement of continued monetary stimulus.  “Unfortunately, as evidenced by today’s announcement, the Federal Reserve continues to use expansive monetary policy to cover a multitude of fiscal policy sins.  “At a time… Read more »

Financial Services Committee Chairman Jeb Hensarling today released the following statement regarding the U.S. Court of Appeals for the D.C. Circuit's ruling on President Obama’s alleged “recess” appointments: "President Obama’s administration has too often demonstrated a disregard for legislative authority and the separation of powers. In making these appointments, he essentially… Read more »

Financial Services Committee Chairman Jeb Hensarling today issued the following statement on President Obama’s nominations for Chairman of the Securities and Exchange Commission (SEC) and for Director of the Consumer Financial Protection Bureau (CFPB): “I congratulate Mary Jo White on her nomination and will be particularly interested to learn during her confirmation hearings how… Read more »

Financial Services Committee Chairman Jeb Hensarling today announced subcommittee assignments for the panel’s Republican members. “Given the state of our struggling economy, the work of our committee and subcommittees has perhaps never been more important to hard-working taxpayers.  The fact is that during the past few years, we’ve seen a mind-numbing, innovation-choking,… Read more »

Financial Services Committee Chairman Jeb Hensarling made the following comments about the Ability to Repay and Qualified Mortgage rule released by the Consumer Financial Protection Bureau today:  “The CFPB has been given a job that is both impossible and dangerous.  Impossible because the CFPB is a big government bureaucracy in Washington attempting to determine which… Read more »

Financial Services Committee Chairman Jeb Hensarling today released the following statement on President Obama’s nomination of Jack Lew to be Treasury Secretary: “I congratulate Mr. Lew on his nomination, but changing the nameplate on the door of the Treasury Secretary’s office won’t improve our economy or save our nation from impending bankruptcy.  That can only happen with a… Read more »

Financial Services Committee Chairman Jeb Hensarling today spoke on the need to end taxpayer bailouts of the National Flood Insurance Program as the House debated Hurricane Sandy legislation that temporarily increases the program’s authority to borrow $9.7 billion.  The flood insurance program is already in debt by more than $20 billion. “As Chairman of the Financial Services… Read more »

Financial Services Committee Chairman Jeb Hensarling announced today that outgoing Chairman Spencer Bachus will serve as the committee’s Chairman Emeritus in the 113th Congress.  “Members on both sides of the aisle have tremendous respect and admiration for Chairman Bachus.  Conferring the status of Chairman Emeritus is a recognition of Spencer’s many contributions and the… Read more »