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  • This Is Why We Hold Hearings
    May 22, 2013 - Yesterday's Monetary Policy & Trade Subcommittee hearing showed a heartbreaking example of the unintended consequences of uninformed legislative action. Congressman Mick Muvaley explains in the video above how a provision buried deep within the 2,300-page Dodd-Frank Act is hurting the very people i... More
  • Hensarling: IRS is Most Feared Agency of Government
    May 22, 2013 - Chairman Jeb Hensarling joined Fox Business's Neil Cavuto last night in advance of today's hearing with Treasury Secretary Jacob "Jack" Lew. Today's hearing is Secretary Lew's first appearance before the House Financial Services Committee. The scandal at the IRS is an issue that should rise above pa... More
  • WSJ Opinion: The Debt Problem Hasn't Vanished
    May 22, 2013 - By Phil Gramm and Steve McMillin President Obama has raised the national debt by nearly $6.2 trillion, the equivalent of $78,385 per family of four. It is true that projected deficits recently have been reduced. April tax filings increased 28% from 2012, but much of this was thanks to a one-time ru... More
  • Three Things You Need to Know About The FSOC
    May 21, 2013 - Tomorrow, Treasury Secretary Lew will deliver his annual report on the Financial Stability Oversight Council (FSOC). Here’s three things you need to know about FSOC: 1. The FSOC is failing to effectively monitor and mitigate systemic risk The Government Accountability Office (GAO) noted in an audit... More
  • Weekly Rundown
    May 20, 2013 - Five hearings -- including Treasury Secretary Lew’s first testimony before a House committee since the IRS scandal -- make for another busy week at the House Financial Services Committee. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists -- for updates throughou... More
  • Weekend Must Reads
    May 18, 2013 - Wall Street Journal: How to Let Too-Big-To-Fail Banks Fail Dodd-Frank does not end the threat of taxpayer bailouts. A reform to the bankruptcy code will do the trick. The Hill: Implementing the vision of financial reform There are three distinct phases of leadership when attempting to implement chan... More
  • H.R. 1062 Requires SEC to Perform Cost-Benefit Analysis
    May 17, 2013 - Capital Markets & GSE Subcommittee Chairman Scott Garrett stopped by to tell us about H.R. 1062, the SEC Regulatory Accountability Act. H.R. 1062 is common-sense legislation that essentially codifies President Obama's Executive Order No. 13563 with regard to the Securities and Exchange Commission. ... More
  • Media Buzz: SEC Flirts With Politically-Motivated Disclosure Rule
    May 16, 2013 - At today's oversight hearing with SEC Chairman Mary Jo White, Chairman Hensarling said the IRS scandal causes Americans to wonder “just how pervasive the IRS’s tactics of harassment” are within the administration and whether a proposal before the SEC raises similar concerns that political opponents ... More
  • Garrett: We're Watching the SEC
    May 14, 2013 - Yesterday, Capital Markets & GSE Subcommittee Chairman Scott Garrett held a roundtable discussion on stock market structure in New York. Before the event, Rep. Garrett took a few minutes to speak to CNBC’s Bob Pisani about the roundtable as well as his broader thoughts on the Securities and Exchange... More
  • Requiring Regulatory Accountability at the SEC
    May 13, 2013 - Problem: As an independent agency, the Securities and Exchange Commission (SEC) is not currently subject to President Obama’s Executive Order No. 13563. The order directs non-independent executive branch agencies to perform a cost-benefit analysis on proposed regulations, tailor those regulations t... More