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  • We are BIG fans of Dodd-Frank.
    Apr 1, 2016 - April Fools. We are not fans of Dodd-Frank and we’re doing something about it. Under Dodd-Frank (a.k.a. Washington’s Financial Control Law), Wall Street’s “too big to fail” banks have gotten even bigger, while community banks that had nothing to do with the financial crisis are being crushed under ... More
  • 7 Photos from February
    Feb 29, 2016 - WASHINGTON -- February may be the shortest month of the year, but the Financial Services Committee made every moment count – hosting 8 hearings, 1 markup, and passing bipartisan legislation to modernize federal housing programs, stop executive overreach and provide regulatory relief for Americans o... More
  • Robert: A Story of Redemption and Financial Freedom
    Feb 16, 2016 - READ ON ADOBE SLATE Robert Sherill was a drug dealer. He was young and he made some serious mistakes. In his own words, “When I needed money, I sold drugs.” Eventually his crimes caught up with him and after several years in prison, he emerged resolved to build a better life for himself. The only p... More
  • Media Buzz: Obama Misled Congress, Public During Debt Limit Crises
    Feb 11, 2016 - House Committee: Treasury Played Politics in Debt Ceiling Debate "The U.S. Treasury for political purposes tried to suppress the existence of backup plans that would allow the government to continue making some payments in the event of a partial government shutdown, according to a newly published r... More
  • 7 Things President Obama CAN’T Say in His #LastSOTU
    Jan 12, 2016 - 1. A greater percentage of Americans are working than when I took office. 2. Community banks and credit unions are thriving. 3. Too Big To Fail is a thing of the past. 4. Our regulatory system has been streamlined. 5. Median household income has risen. 6. Taxpayers will never have to bailout Wall S... More
  • Still More Evidence Dodd-Frank Harms Hardworking Americans
    Jan 5, 2016 - It’s been a rough start to the year for the Dodd-Frank Act, as yet another nonpartisan study finds evidence that the massive law harms Americans. Not surprisingly, the new report from the Government Accountability Office (GAO) indicates an “increased compliance burden” among community banks and cre... More
  • Too Small to Succeed?
    Jan 4, 2016 - Read on Medium In a new report, the Dallas Federal Reserve acknowledged what we all know to be true: community banks are being crushed by the Dodd-Frank Act. The report specifically warned of the consequences of the regulatory burden on small banks saying: “…more than five years after [Dodd-Frank]… ... More
  • WEEK IN REVIEW
    Dec 18, 2015 - Subcommittee Questions CFPB's Consumer Data Collection Practice On Wednesday the Financial Services Oversight and Investigations Subcommittee held a hearing to find answers regarding the Consumer Financial Protection Bureau's (CFPB) collection of consumer data. Subcommittee Chairman Sean Duffy (R-WI... More
  • 3 Takeaways from the Fed's Decision
    Dec 17, 2015 - Unsustainably low rates didn’t solve the problem. If they had, Americans wouldn’t be stuck in the slowest, worst-performing economic recovery of our lifetimes. Too many people are trapped in part-time work and more Americans than ever before have left the workforce all together. We can and must do ... More
  • WEEK IN REVIEW
    Dec 11, 2015 - Committee Passes Bipartisan Bills Aimed at Economic Growth and Consumer Protection The Financial Services Committee on Wednesday approved several bipartisan bills designed to protect consumers, grow the economy and strengthen government transparency. The committee also voted to extend the Task Force... More