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Weekly Rundown

| Posted in Member Corner

The House is in session Monday through Wednesday this week. Here's what's happening:  On Tuesday at 10 a.m. the Full Committee will hold a hearing to receive the Semi-Annual Report of the Consumer Financial Protection Bureau (CFPB). CFPB Director Richard Cordray will be the only witness.  Commensurate with holding the CFPB accountable, our website now offers…

Weekly Rundown

| Posted in Member Corner

Welcome back for the Second Session of the 113th Congress. The House convenes on Tuesday with votes scheduled through Friday this week.   Here's what's happening:  On Thursday at 10 a.m. the Monetary Policy & Trade Subcommittee continues our Federal Reserve Oversight Project with a hearing on the international impacts of the Fed's quantitative easing…

WSJ: A Good Time for Housing Reform

| Posted in Member Corner

WSJ Editorial | January 5, 2014 The prospects for progress on Capitol Hill this year are few, but one possibility is reform of federal housing policy. With home prices rising and the economy growing, now is a good time to pare back the government support that has too often led to unsustainable housing booms and taxpayer busts. Consider the…

Media Buzz: The Federal Reserve Centennial Oversight Project

| Posted in Member Corner

Earlier this month Chairman Hensarling and Monetary Policy and Trade Subcommittee Chairman Campbell announced the committee's “Federal Reserve Centennial Oversight Project” – an aggressive series of hearings slated during 2014 that will culminate in the markup of legislation to reform how the nation’s central bank operates. The Oversight Project coincides with the 100th anniversary of…

Weekly Rundown

| Posted in Member Corner

The House is in session Monday through Friday this week -- the last week of session and committee activity currently scheduled for 2013.  Here's what's happening:  On Thursday at 9:30 a.m., Treasury Secretary Jack Lew will testify on the state of the international finance system. The full committee will then meet again at 2 p.m. to rethink the Federal Reserve's many…

120 Year Old Kentucky Bank Faces Greatest Challenge Yet

| Posted in Member Corner

Since 1893, Owingsville Banking Company (OBC) has served the citizens of rural Bath County Kentucky. The bank endured the Great Depression, the stagflation of the 1970s and, most recently, the Great Recession. Today, however, OBC faces a new challenge -- not the difficult market conditions of this tepid economic recovery, but an avalanche of Washington regulations.  In the…

Floor Vote Prep | H.R. 1105, the Small Business Capital Access & Job Preservation Act

| Posted in Member Corner

The Problem: Excessive and unnecessary regulations hurt our economy, increase costs and restrict access to private sector capital that our nation’s job creators need to grow the economy and create jobs.  The Example: Title IV of the Dodd-Frank Act imposes new registration and reporting requirements on hedge funds and private equity firms.  Specifically, Title IV requires…

Weekly Rundown

| Posted in Member Corner

The House is in session Monday through Thursday this week and will consider one Financial Services Committee bill. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for additional information throughout the week.  Here's whats happening:  On Wednesday at 10 a.m. the Financial Institutions and Consumer Credit Subcommittee will…