Federal Reserve Reform

  • Committee Advances 23 Bills
    Nov 15, 2017 - WASHINGTON – This week, the Financial Services Committee approved 23 bills largely aimed at ensuring that our economy is working for all working Americans. Since January, the committee has approved 63 bills. As Chairman Hensarling (R-TX) said when the committee began considering the proposals on Tue... More
  • Hensarling Responds to News of Cordray Resignation
    Nov 15, 2017 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the House-passed Financial CHOICE Act, issued the following statement today in response to Richard Cordray's announcement that he will resign as head of the CFPB: “We are long overdue for new leadership at... More
  • Precarious Health of FHA a ‘Clear and Present Danger’ to the Economy
    Nov 15, 2017 - The declining fiscal condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund represents “a clear and present danger to taxpayers, homebuyers and the U.S. economy” and must be addressed by Congress, said Financial Services Committee Chairman Jeb Hensarling (R-TX). The FHA... More
  • House Passes Long-Term Reauthorization of Flood Insurance Program
    Nov 14, 2017 - WASHINGTON – Today, the House voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills from the Financial Services Committee to reform and reauthorize the National Flood Insurance Program (NFIP). The taxpayer-backed NFIP was created in 1968 to provide government... More
  • Hensarling Delivers Opening Statement at Committee Markup
    Nov 14, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement as the committee began consideration of 22 measures on Tuesday: We have a number of bills in front of us today so this will be a long, but I trust productive, mark-up. Most of the bills have ... More
  • House Approves the Market Data Protection Act
    Nov 14, 2017 - The House passed bipartisan legislation on Monday to require securities regulators to safeguard a data system used to track market trading activity. The bill, the Market Data Protection Act of 2017, would require the Securities and Exchange Commission (SEC), the Financial Industries Regulatory Autho... More
  • Reviewing the Treasury's Role in Safeguarding the American Financial System
    Nov 8, 2017 - The Subcommittee on Terrorism and Illicit Finance held a hearing today entitled “Financial Intelligence and Enforcement: Treasury’s Role in Safeguarding the American Financial System.” This hearing gave the Subcommittee an overview of the functions of the U.S. Department of the Treasury’s Office of ... More
  • Administration Priorities for the International Financial Institutions
    Nov 8, 2017 - The Subcommittee on Monetary Policy and Trade heard testimony from U.S. Treasury Under Secretary for International Affairs David Malpass about the Trump Administration’s plans for international financial institutions such as the World Bank and the International Monetary Fund (IMF). “I thank Under Se... More
  • Reforming the Federal Reserve
    Nov 7, 2017 - The Subcommittee on Monetary Policy and Trade held a hearing today entitled “Examining Federal Reserve Reform Proposals.” The hearing evaluated three legislative proposals to create a more independent, accountable, and transparent Federal Reserve that would improve economic opportunities for all Ame... More
  • Subcommittee Meets to Further Review Sustainable Housing Finance
    Nov 7, 2017 - The Subcommittee on Housing and Insurance held a hearing today entitled “Sustainable Housing Finance Part III.” The hearing allowed the Subcommittee to further assess views and perspectives on the need to enact comprehensive housing finance reform. “I want to thank the panel for participating in the... More