Member Corner

Investigation Reveals Export-Import Bank Exaggerating Help for Small Business Reuters news agency investigation finds Ex-Im lists “companies owned by billionaires” and “Japanese and European conglomerates” as “small businesses” Ex-Im’s list of “small businesses” includes one that has 53,000 employees “The errors make it difficult to identify exactly how much Ex-Im support… Read more »

Full Committee Examines Terrorist Financing and the Islamic State The Financial Services Committee examined ongoing U.S. efforts to stop the Islamic State (ISIL) and other terror groups from obtaining and deploying financial resources at a hearing on Thursday. “Unlike al Qaeda and other terror groups with which we are familiar and rely mainly on private donations and state sponsorship… Read more »

On Thursday at 10:00 a.m. the Full Committee will hold a hearing to examine terrorist financing and the Islamic State. Read more »

 CLICK HERE TO WATCH HORROR! SHOCK! DEVASTATION! Top-down regulations from Washington make it harder to have a growing economy on Main Street that creates good jobs.  Yet each year Washington churns out page after page of new regulations, rules and red tape in the Federal… Read more »

Below are excerpts from the Wall Street Journal’s “Weekend Interview” with House Financial Services Committee Chairman Jeb Hensarling (R-TX).  The entire interview can be found here. Hensarling on the Export-Import Bank   Mr. Hensarling views the Ex-Im battle “somewhat as a precursor to the tax reform fight because there are so many vested corporate interests” served by… Read more »

The CFPB and the game show Jeopardy! seem to have an interesting connection (see here and here). Although this week’s Jeopardy! contestants couldn’t name the agency, the unaccountable CFPB is certainly making a name for itself in all the wrong ways.   Here are five more answers that probably ended up on the cutting room floor in the Jeopardy! Studio: … Read more »

President Obama recently voiced concerns about the negative impact of “endless regulations” in foreign countries.  Millions of unemployed and underemployed Americans must be wondering why he isn’t as concerned about the economic harm caused by the “endless regulations” of his own administration here in the U.S.A. While the American people are repeatedly told that nothing is getting… Read more »

  Currently, there are millions of Americans unemployed and underemployed in this struggling economy. And right now, job number one for the Financial Services Committee is job creation and economic growth.  We have passed dozens of bipartisan, pro-jobs bills. OK, great. Now, they should pass through the Senate, right? Wrong. Senator… Read more »

Subcommittee Examines the Financial Stability Oversight Council ("FSOC") The Oversight and Investigations Subcommittee held a hearing on Wednesday to examine FSOC's operations, policies, and procedures. The subcommittee discussed the FSOC's failure to address recommendations from the Government Accountability Office (GAO) and highlighted the need for greater transparency and… Read more »

Subcommittee Reviews the Credit Reporting System On Wednesday the Financial Institutions and Consumer Credit Subcommittee held a hearing to review the roles and responsibilities of consumer reporting agencies. "According to the FTC, nearly 20% of Americans have errors on their credit report. Furthermore, 5% of Americans have errors that could expose them to higher interest rates or… Read more »