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  • WEEK IN REVIEW
    Jul 31, 2015 - Committee Passes Federal Reserve Accountability, Bipartisan Reg Relief Bills On Wednesday the Financial Services Committee passed several bills designed to help grow the economy, create jobs and bring much-needed accountability and transparency to the Federal Reserve. H.R. 3189, the Fed Oversight Re... More
  • WEEK IN REVIEW
    Jul 24, 2015 - Committee Explores Appropriate Level of Capital and Liquidity The full committee held a hearing to delve in to the issue of "too big to fail" and to hear from experts on the appropriate levels of capital and liquidity for U.S. banks to function properly and help foster economic growth. "Since the cr... More
  • After Five Years, Dodd-Frank Is a Failure
    Jul 20, 2015 - By Jeb Hensarling Click here to read article Tuesday will mark five years since President Obama’s signing of the Dodd-Frank law, the most sweeping rewrite of the country’s financial laws since the New Deal. Mr. Obama told the country that the legislation would “lift our economy.” The statute itself... More
  • WEEK IN REVIEW
    Jul 17, 2015 - Committee Focuses on Monetary Policy and the Economy The Federal Reserve’s lack of transparency and accountability and the state of the U.S. economy were the main topics members addressed at Wednesday’s Financial Services Committee hearing with Federal Reserve Chair Janet Yellen "Following a monetar... More
  • FSC Majority | Week in Review
    Jul 10, 2015 - Committee Explores Dodd-Frank's Impact on Financial Stability On Thursday, the Financial Services Committee held the first of a series of planned hearings on the impacts the Dodd-Frank Act has had in the five years since it was signed into law. Thursday’s hearing focused on whether Dodd-Frank has ma... More
  • FSC Majority | Week in Review
    Jun 26, 2015 - Committee Seeks Accountability for Discrimination and Retaliation at the CFPB On Thursday the Oversight and Investigations Subcommittee held a hearing to examine new evidence that discrimination and retaliation against employees at the Consumer Financial Protection Bureau (CFPB) continue. The Commit... More
  • FSC Majority | Week in Review
    Jun 19, 2015 - Washington Policies Like Dodd-Frank Threaten U.S. Financial Stability Members of the Committee on Thursday questioned Treasury Secretary Jacob Lew on the threats posed to America’s financial stability by misguided government policies, including the Dodd-Frank Act. The most recent annual report issue... More
  • FSC Majority | Week in Review
    Jun 12, 2015 - Committee Questions HUD Secretary on Ineffectiveness of Agency After 50 Years The Department of Housing and Urban Development (HUD) was created 50 years ago to serve as a main weapon in the “War on Poverty” and the agency has received more than $1.6 trillion in annual appropriations over its lifetim... More
  • Export-Import Bank Fact of the Day
    Jun 9, 2015 - FACT: Two Russian firms targeted with U.S. sanctions due to Russia’s invasion of Ukraine were approved for more than $1 billion in U.S. taxpayer-subsidized financing from the Export-Import Bank. According to articles in the Wall Street Journal and Investor’s Business Daily, one of these Russian stat... More
  • FSC Majority | Week in Review
    Jun 5, 2015 - Subcommittee Conducts Oversight on Hurricane Sandy Claims The need to reform the National Flood Insurance Program and allegations that Hurricane Sandy victims were cheated out of flood insurance claims due to bogus home inspection reports were the focus of a hearing on Tuesday held by the Housing an... More