Federal Reserve Reform

  • Hensarling Demands Watt Explain GSE Payments
    Feb 16, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt on Friday demanding an explanation for his decision to continue payments to the Housing Trust Fund and Capital Magnet Fund (the Funds) in the wake of Fannie Mae ... More
  • Protecting Small Business Access to Credit
    Feb 15, 2018 - The Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing today on a common practice – known as “de-risking” – that has limited the ability of legitimate small businesses to access credit. “De-risking” occurs when a financial institution terminates relationship... More
  • Subcommittee Examines Legislative Proposals to Benefit Main Street Investors
    Feb 15, 2018 - The Subcommittee on Capital Markets, Securities and Investments met yesterday to examine legislative proposals that would provide greater economic opportunity for derivatives end-users, which represent main street businesses of all kinds that are seeking to manage their commercial and operational da... More
  • House Passes Two Bipartisan Financial Services Reg Relief Bills
    Feb 14, 2018 - This week, the House of Representatives passed two strongly bipartisan bills from the Financial Services Committee. “These bills will help cut at least some of the red tape that places such a disproportionate burden on Main Street businesses and financial entities and limits consumer access to credi... More
  • Hensarling Criticizes Fannie Mae Bailout Request
    Feb 14, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement harshly criticizing Fannie Mae’s request for bailout funds from Treasury and calling on FHFA Director Mel Watt to stand by his word and immediately suspend payments to the Housing Trust Fund. “Today’s ... More
  • Data Security in the Modern World
    Feb 14, 2018 - The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to examine the current data security and breach notification regulatory regime, and identify potential opportunities to reform the current framework in order to reduce vulnerabilities and shortcomings in the system a... More
  • Bipartisan Bill Provides Relief to Small Banks
    Feb 8, 2018 - WASHINGTON—On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time h... More
  • House Passes Mortgage Choice Act
    Feb 8, 2018 - WASHINGTON—On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time h... More
  • Hensarling Announces Fed Chairman Powell Semi-Annual Testimony Date
    Feb 6, 2018 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chairman Jerome Powell will appear before the Committee on Wednesday, February 28 at 10 a.m. ET to deliver the Federal Reserve’s semi-annual Monetary Policy Report to Congress and to discuss the state of... More
  • Hensarling Delivers Opening Statement at FSOC Hearing
    Feb 6, 2018 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Steven Mnuchin on the Annual Report of the Financial Stability Oversight Council (FSOC): Mr. Secretary – this is your first appearance befor... More