Member Corner

The House is in session Tuesday through Friday this week and the committee has two scheduled hearings. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week.  Here's what's happening:  On Wednesday at 10 a.m. the Capital Markets & GSEs Subcommittee will examine the SEC's money market… Read more »

Financial Institutions & Consumer Credit Subcommittee Vice Chairman Sean Duffy (Twitter | Facebook) delivers this week's Sunday Video Message on our recent hearing with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and his own legislation to curb the CFPB's collection of Americans' personal financial data. Read more »

Consumer Financial Protection Bureau Deputy Director Steve Antonakes appeared before the Subcommittee on Financial Institutions and Consumer Credit in July to discuss the CFPB’s data collection efforts. Below are just a few of the simple questions Mr. Antonakes was unprepared to answer:  How much data is the CFPB collecting and from how many individual consumers?  … Read more »

Congress is back from the August District Work Period and in the Financial Services Committee, we're getting straight to work with three hearings in three days. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week.  Here's what's happening:  Leading off the week… Read more »

House Financial Services Committee chairman talks U.S. housing reform By Kerri Ann Panchuk at Housing Wire  Stepping in front of a hometown audience in Dallas, House Financial Services Committee Chairman Jeb Hensarling captured the local crowd with a simple joke: "Everything is bigger in Texas… except for me," the congressman jested, as he situated his small frame behind a tall… Read more »

Chairman Hensarling Op-Ed | August 27, 2013 Soon we will mark the fifth anniversary of the financial crisis that wrecked our economy, left millions of Americans unemployed and from which we have yet to recover.  From a public policy perspective, the great tragedy of the financial crisis was not that Washington failed to prevent it, but… Read more »

Editorial | August 16, 2013 It’s not often that Republican Rep. Jeb Hensarling of Dallas and President Barack Obama read from the same script. We’re pleased they are doing just that when it comes to clipping the wings of Fannie Mae and Freddie Mac. Fannie and Freddie were created to make sure that the secondary mortgage market is liquid and… Read more »

Sen. Phil Gramm and Mike Solon | The Clinton-Era Roots of the Financial Crisis Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages. Caroline Baum | Krugman Tries to Bury Friedman, Buries Himself It’s good that Milton Friedman is dead, because for the past week Paul Krugman has been trying to kill him off… Read more »

Chairman Hensarling delivered the keynote address today at the Bipartisan Policy Center Housing Commission’s Regional Forum at the George W. Bush Presidential Center.  Remarks as prepared for delivery:  I want to thank the Bipartisan Policy Center for the work it has done on housing finance reform. I especially… Read more »

Chairman Hensarling said taxpayers will “never ever, ever again be called upon to bail out Washington for irresponsible housing policies” if the Financial Services Committee’s sustainable housing finance reform bill becomes law. The Chairman’s comments came during a discussion of the bill – the Protecting American Taxpayers and Homeowners Act (the PATH Act) – on “Speaking of Taxpayers,”… Read more »