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  • FSC Majority | Week in Review
    Apr 17, 2015 - House Passes Bipartisan Regulatory Relief Bills for Consumers As the House marked "Financial Independence Week,” lawmakers passed eight bipartisan regulatory relief bills to promote a healthier economy, preserve consumer choice, and help more Americans achieve the dream of financial independence. “T... More
  • FSC Majority | Week in Review
    Mar 27, 2015 - Committee Passes 11 Bipartisan Regulatory Relief Bills and Establishes Task Force to Investigate Terrorism Financing The Committee marked up and passed 11 bipartisan regulatory relief bills this week. The bills are designed to help strengthen the economy, preserve consumer choice and allow more Amer... More
  • FSC Majority | Week in Review
    Mar 20, 2015 - Washington’s Regulatory Burden Harming Consumer Choice and Financial Independence Witnesses told the Committee on Wednesday that Washington’s growing regulatory burden doesn’t just affect a bank or credit union’s bottom line, it also restricts consumers’ choices and access to affordable credit. This... More
  • FSC Majority | Week in Review
    Mar 6, 2015 - Committee Pushes for Accountability and Transparency at the CFPB Tuesday’s hearing with Consumer Financial Protection Bureau Director Richard Cordray was another opportunity for Republicans to promote reforms to make the Bureau accountable and transparent to hardworking taxpayers. Republicans on the... More
  • FSC Majority | Week in Review
    Feb 27, 2015 - Committee Pushes for Accountability and Transparency Reforms at the Federal Reserve Republicans at this week’s hearing with Federal Reserve Chair Janet Yellen raised questions about how much influence the executive branch holds over the central bank and argued in favor of accountability reforms to b... More
  • Hensarling Discusses Federal Reserve Transparency on CNBC
    Feb 26, 2015 - “If independence is an issue, than we really ought to examine the independence of the Fed from the executive branch of government. That’s where the real threat is, not from the legislative branch” CLICK HERE TO WATCH House Financial Services Committee Chairman Jeb Hensarling (R-TX) was interviewed o... More
  • 5 Important Facts About the Export-Import Bank
    Feb 25, 2015 - 1). The Ex-Im Bank may harm as many jobs as it claims to support. Government export finance assistance programs like Ex-Im “largely shift production among sectors within the economy rather than raise the overall level of employment in the economy.” - Government Accountability Office, “Export-Import ... More
  • FSC Majority | Week in Review
    Feb 13, 2015 - Committee Examines Risky Practices at FHA The committee held a hearing on Wednesday to examine the fiscal health of the Federal Housing Administration (FHA) and heard testimony from Housing and Urban Development Secretary Julian Castro. "We all recall the famous admonition from Spanish philosopher S... More
  • Ex-Im’s project for Australia’s ‘corporate welfare queen’ reportedly ‘set for very large losses’
    Feb 10, 2015 - Several months ago this blog noted that Australia’s richest citizen secured a nearly $700 million loan for a new mining project from American taxpayers thanks to the U.S. Export-Import. Now the Australian Business Review is reporting that the project “is set for very large losses.” In the short term... More
  • FSC Majority | Week in Review
    Feb 6, 2015 - Subcommittee Examines Legal and Ethical Violations at HUD The Oversight and Investigations Subcommittee heard testimony at its hearing on Wednesday that senior officials at the Department of Housing and Urban Development broke federal law and faced minor consequences for various ethical and legal vi... More