Member Corner

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 monetary policy convention or rule of the Fed’s own choosing, with the power to amend it or… Read more »

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 made the financial system more or less stable, and it comes on the heels of a report from… Read more »

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 Committee began its investigation into these allegations in April 2014. Since then, several… Read more »

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 issued by the Dodd-Frank-created Financial Stability Oversight Council (FSOC) identifies… Read more »

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 lifetime.  On Thursday, members of the Financial Services Committee questioned HUD Secretary… Read more »

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 state-owned firms, Vnesheconombank, maintains a close business relationship with a major… Read more »

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 »