Member Corner

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 »

Task Force Holds First Hearing on Terrorism Financing The Task Force to Investigate Terrorism Financing held its first hearing on Wednesday to examine the global terrorist threat and the methods by which terror groups finance their operations.  In its coverage of the hearing, The Hill quoted Task Force Chairman Michael Fitzpatrick (R-PA) as saying that members will make sure "the… Read more »

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. “The American dream for so many low and moderate income Americans is that one day they can… Read more »