Federal Reserve Reform

  • Subcommittee Examines the BSA/AML Regulatory Compliance Regime
    Jun 28, 2017 - The Financial Institutions and Consumer Credit Subcommittee held a hearing today to examine the federal government’s anti-money laundering (AML) efforts under the Bank Secrecy Act (BSA). The primary focus of the hearing was to understand compliance challenges facing financial institutions, including... More
  • A Taxpayer Dike for Flood Insurance
    Jun 26, 2017 - June 23, 2017 A classic example of government dysfunction is a federal insurance program that helps pay to drain basements in millions of America’s second homes. Congress has tried for decades to fix the national flood insurance program, and the latest worthy attempt is coming from the House. The Fi... More
  • Committee Completes Markup of Bills to Reauthorize and Reform National Flood Insurance Program
    Jun 21, 2017 - The House Financial Services Committee met today to complete deliberation of and pass several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September, 30, 2017. “While we have a responsibility to provide certainty to the homeowners and smal... More
  • Committee Passes First Round of Flood Insurance Bills
    Jun 15, 2017 - The House Financial Services Committee met today to begin consideration of several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September 30, 2017. “We cannot continue to call on the American taxpayer to bailout a program that is currently... More
  • Hensarling: Voice of the Taxpayer Must Be Heard in Flood Insurance Debate
    Jun 15, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement today about the seven bills the committee is considering related to the National Flood Insurance Program: There are so many important voices in our debate today on the reauthorization of the N... More
  • Hensarling: Treasury Report Mirrors ‘Foundational’ Principles of Financial CHOICE Act
    Jun 14, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the Financial CHOICE Act, issued the following statement on the Treasury Department’s first report to President Trump on how to improve the U.S. financial regulatory system: “President Trump promised that his administr... More
  • Hensarling poised for biggest victory in House with bank bill vote
    Jun 8, 2017 - By Zachary Warmbrodt Politico Pro Rep. Jeb Hensarling is on the verge of winning one of his biggest legislative victories, with House Republicans on Thursday expected to pass a sweeping bill to replace major banking regulations enacted after the financial crisis. To get there, the Financial Service... More
  • House Approves Financial CHOICE Act to Boost Economy, End Bank Bailouts and Toughen Penalties for Fraud
    Jun 8, 2017 - The House on Thursday passed the Financial CHOICE Act, legislation to overhaul and replace the failed Dodd-Frank Act that has contributed to the worst economic recovery of the last 70 years. “Every promise of Dodd-Frank has been broken,” said Financial Services Committee Chairman Jeb Hensarling (R-T... More
  • ICYMI: Dodd-Frank Broke Its Promises. The Financial CHOICE Act is a Better Way
    Jun 7, 2017 - Financial Services Committee Chairman Jeb Hensarling (R-TX) joined House leaders today to discuss the Financial CHOICE Act – a bill to end taxpayer-funded bailouts of Wall Street banks and create more opportunities for Americans on Main Street. The bill is scheduled for a vote in the House this wee... More
  • Chairman Hensarling’s Statement on the Financial CHOICE Act and Service Members
    Jun 7, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement concerning the Financial CHOICE Act and consumer protections for service members: “True consumer protection comes from competitive, transparent and innovative markets that are vigorously policed for fr... More