Press Releases

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  • Subcommittee Reviews Family Self-Sufficiency Program
    Sep 27, 2017 - The Subcommittee on Housing and Insurance held a hearing today to examine the Family Self-Sufficiency Program (FSS), a program that enables HUD-assisted families to increase their earned income and reduce their dependency on welfare assistance and rental subsidies. “Today’s subcommittee on the Famil... More
  • Hensarling Urges Support for Flood Insurance Reform
    Sep 25, 2017 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks in support of the Flood Insurance Market Parity and Modernization Act: Mr. Speaker, it’s so obvious to all as we have looked in horror on our television screens to see the devastation of Harvey, Irma and Mari... More
  • Internal Documents Withheld from Committee Show CFPB Rushed to Settle Case Against Wells Fargo Without Investigation
    Sep 19, 2017 - The House Financial Services Committee released a second interim staff report on its investigation into the Wells Fargo fraudulent account scandal and the Consumer Financial Protection Bureau’s (CFPB) enforcement action on the matter. An internal CFPB “Recommendation Memorandum” for the Director – i... More
  • Hensarling Visits Houston After Hurricane Harvey Destruction
    Sep 18, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement after visiting Houston and meeting with victims of Hurricane Harvey’s destruction: “In Houston, I toured the damage and met with local and federal officials about future relief and much needed flood in... More
  • Subcommittee Considers Toughest Financial Sanctions Ever Directed at North Korea
    Sep 13, 2017 - The Subcommittee on Monetary Policy and Trade held a hearing today to review legislation to impose financial sanctions targeting North Korea to curb the rogue nation’s development of weapons of mass destruction and ballistic missiles. The hearing also addressed the adequacy of the existing sanctions... More
  • Flood Insurance Program is Broke and Broken
    Sep 13, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after FEMA announced it will likely need Congress to increase the borrowing authority of the National Flood Insurance Program: “For the victims who paid for flood insurance policies with the Nation... More
  • Subcommittees Team Up to Examine the Relationship Between Prudential Regulation and Monetary Policy at the Federal Reserve
    Sep 12, 2017 - The Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Monetary Policy and Trade held a joint hearing today that examined the relationship between prudential regulation and monetary policy at the Federal Reserve. The main goal of the hearing was to determine whether t... More
  • Providing Oversight to the Financial Industry Regulatory Authority
    Sep 8, 2017 - The Subcommittee on Capital Markets, Securities, and Investment held a hearing yesterday to provide oversight of the Financial Industry Regulatory Authority (FINRA), including its activities and policies as an independent, not-for-profit organization authorized by Congress to act as a self-regulator... More
  • Hensarling: Committee Will Hold Hearing on Troubling Equifax Data Breach
    Sep 8, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) said his committee will hold a hearing on the Equifax data breach that has potentially compromised the personal information of roughly 143 million Americans. “This is obviously a very serious and very troubling situation and our commi... More
  • Subcommittee Examines Legislation to Improve Regulations
    Sep 7, 2017 - The Financial Institutions and Consumer Credit Subcommittee met today to examine several pieces of legislation aimed at improving the regulatory environment in order to boost economic growth. “The legislation discussed in the Subcommittee today will better allow financial companies to serve their cu... More