Member Corner

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 and Insurance Subcommittee. The subcommittee, chaired by Rep. Blaine Luetkemeyer (R-MO),… Read more »

  CLICK HERE TO WATCH This morning the House Financial Services Committee released its latest video:  Ex-Im By the Numbers.  The 50-second video includes information about the $112 billion in taxpayer money Ex-Im puts at risk, that 99 percent of U.S. exports are… Read more »

Committee Passes 13 Jobs Bills The committee passed 13 bills on Wednesday to help Main Street businesses gain access to the capital they need to grow and create jobs.  "We still have millions and millions of our fellow countrymen, hardworking moderate-income taxpayers, who find themselves with stagnant to lower paychecks; bank accounts that are less than before the great economic… Read more »

FACT: 10 large corporations receive nearly two-thirds of Ex-Im’s financial assistance.   Read more »

FACT: Nearly 99% of U.S. exports are financed without Ex-Im.   Read more »

False Narrative of Financial Crisis Led to Wrong Remedy: D0dd-Frank The Oversight and Investigations Subcommittee, chaired by Rep. Sean Duffy (R-WI), heard from witnesses at a hearing on Wednesday that the 2008 financial crisis was caused by bad government policies and regulatory incompetence, not a “lack of regulations” or “market failure.” Washington’s inaccurate diagnosis of the… Read more »

FACT:  While Ex-Im claims it is needed to fight subsidies from foreign competitors, just a third of Ex-Im transactions are used for this purpose – according to Ex-Im.     Read more »

FACT:  85 indictments were issued in connection with the Export-Import Bank from October 2009 to September 2014.  That’s more than 1 indictment per month. And expect more, says the Bank’s Inspector General. CLICK HERE TO READ Read more »

As America celebrates Small Business Week, here’s an important editorial on President Obama’s threat to veto H.R. 1195, a bipartisan bill designed to give small businesses the opportunity to have their voices heard at the Consumer Financial Protection Bureau (CFPB). The bill passed the Financial Services Committee by a vote of 53-5 and the House last month by a vote of 235-183. As Rep.… Read more »

Subcommittee Examines Impact of International Standards on U.S. Insurance Competitiveness The Housing and Insurance Subcommittee held a hearing on Wednesday to review the impact that international regulatory standards could have on the competitiveness of insurers in America. Subcommittee Chairman Blaine Luetkemeyer (R-MO) said in his opening statement, "The United States finds itself… Read more »