Blog

Search By:
  • Weekly Rundown
    May 13, 2013 - Three hearings, two suspensions and one rule bill on the floor makes for a busy week at the Financial Services Committee. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists -- for updates throughout the week. Here’s what’s happening: On Wednesday the House will v... More
  • Weekend Must Reads
    May 10, 2013 - Bloomberg: Tea Party Rant II Awaits Next Homeowner Bailout On Feb. 19, 2009, CNBC editor Rick Santelli let loose on the floor of the Chicago Mercantile Exchange in response to President Barack Obama’s proposal to subsidize underwater mortgages. Santelli’s famous rant gave birth to the Tea Party. Oba... More
  • Dodd-Frank's Gift to AIG
    May 8, 2013 - In a recent interview on CNBC, AIG President & CEO Bob Benmosche, said he expects his company to receive “systemically important financial institution” (SIFI) status — regulator speak for “too big to fail” (TBTF) — when the Fed and FDIC belatedly determine what firms constitute such “grave threats”... More
  • H.R. 742 Increases Global Swaps Market Transparency and Regulatory Corporation
    May 7, 2013 - Congressman Bill Huizenga joined us during the markup of H.R. 742 to discuss swap derivatives and why they're important to a range of industries and businesses. To ensure market transparency and global regulatory cooperation, the Dodd-Frank Act requires U.S. regulators to share information about th... More
  • Weekend Must Reads
    May 4, 2013 - George Will: Courts and Congress give Obama adult supervision Rep. Jeb Hensarling (R-Tex.), chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision. Barack Obama used a recess appointm... More
  • Weekend Must Reads
    Apr 27, 2013 - Wall Street Journal’s Mary Kissel: Disdain for the Courts The House Financial Services Committee disinvited Consumer Financial Protection Bureau chief Richard Cordray from testifying Tuesday, noting President Obama's non-recess, recess appointment of Mr. Cordray and a January D.C. Circuit Court of A... More
  • Committee Will Follow the Law on CFPB Testimony
    Apr 26, 2013 - Chairman Jeb Hensarling announced this week that the committee cannot legally accept testimony from Richard Cordray on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report until he is legally installed as the CFPB Director. However, the committee will continue to conduct rigorous ov... More
  • Chairman Hensarling Honors Victims of 16th Street Church Bombing
    Apr 25, 2013 - Freedom and human dignity are the ideals upon which our country was founded -- and these ideals leave no room whatsoever for bigotry and hatred -- none. H.R. 360 posthumously bestows Congress's highest civilian honor -- the Congressional Gold Medal -- to Addie Mae Collins, Cynthia Wesley, Carole Ro... More
  • What They're Saying: CFPB Director Appointment is Invalid, Illegal, Unconstitutional
    Apr 23, 2013 - “President Obama's attempt to unilaterally appoint three people to seats on the National Labor Relations Board and Richard Cordray to head the new Consumer Financial Protection Bureau is more than an unconstitutional attempt to circumvent the Senate's advise-and-consent role. It is a breathtaking v... More
  • Wagner: It’s past time for the SEC to implement the JOBS Act
    Apr 22, 2013 - By Ann Wagner A little over a year ago, Congress passed the Jumpstart Our Business Startups (JOBS) Act. The JOBS Act was designed to make it easier for entrepreneurs to raise capital and turn their ideas into job-creating businesses that might one day go public. At a time of slow growth and high un... More