Federal Reserve Reform

  • Hensarling Lays Out Principles for Housing Finance Reform, Expresses Support for Bipartisan Approach
    Dec 6, 2017 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today outlined reforms to fix America’s broken housing finance system. During a speech at a conference on the future of the U.S. housing market, Chairman Hensarling said he would work on a bipartisan basis to come up with... More
  • ICYMI: Don't Be Fooled by 'Secular Stagnation'
    Dec 4, 2017 - By Phil Gramm and Michael Solon December 1, 2017 The only sound basis for gauging the potential impact of public-policy changes is through the mirror of historical experience. Economic models may provide insight, but invariably their predictions tell us more about the model than about the future. On... More
  • Bipartisan Resolution Introduced to Stop CFPB Rule
    Dec 1, 2017 - A group of House Republicans and Democrats on Friday introduced legislation to nullify a controversial rule that would effectively ban millions of consumers from accessing short-term, small-dollar credit. The rule was issued by the former director of the Consumer Financial Protection Bureau (CFPB) s... More
  • House Approves the Preserving Access to Manufactured Housing Act
    Dec 1, 2017 - The House passed bipartisan legislation on Friday that protects consumers’ ability to become homeowners and access affordable housing. Manufactured housing serves as an affordable housing option for roughly 22 million Americans and represents the largest form of unsubsidized affordable housing in th... More
  • Evaluating the Effectiveness of U.S. Sanctions Programs
    Nov 30, 2017 - The Monetary Policy and Trade Subcommittee held a hearing today to examine the Administration’s use of economic sanctions to achieve foreign policy objectives and their effectiveness. “From Iran to North Korea, to Russia and Venezuela, sanctions are increasingly used as an instrument in our foreign ... More
  • ICYMI: CFPB’s Failure to Protect Consumers
    Nov 30, 2017 - The Fox Business Channel this morning reported on two Financial Services Committee staff reports issued earlier this year that reveal the Consumer Financial Protection Bureau was asleep at the wheel when it came to protecting consumers from the Wells Fargo fraudulent accounts scandal. The reports, ... More
  • Hensarling Comments on Nomination of Marvin Goodfriend
    Nov 30, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on President Trump’s nomination of Dr. Marvin Goodfriend to the Federal Reserve’s board of governors: “I commend President Trump for this nomination. Dr. Marvin Goodfriend is a highly respected researche... More
  • Subcommittee Examines Cybersecurity of Consolidated Audit Trail
    Nov 30, 2017 - WASHINGTON – The Subcommittee on Capital Markets, Securities and Investment held a hearing Thursday to examine the security of the Consolidated Audit Trail (CAT), a central repository for order and trading activity data. “The importance of cybersecurity cannot be overstated,” said Subcommittee Chair... More
  • Legislative Proposals to Counter Terrorism and Illicit Finance
    Nov 29, 2017 - The Financial Institutions and Consumer Credit and Terrorism and Illicit Finance Subcommittees held a joint hearing today to discuss two legislative proposals, the “End Banking for Human Traffickers Act of 2017” and the “Counterterrorism and Illicit Finance Act” (CTIF), that will counter human traff... More
  • Subcommittee Examines Ginnie Mae’s Role in Housing Finance System
    Nov 29, 2017 - The Housing and Insurance Subcommittee met today to assess the role of the Government National Mortgage Association – commonly referred to as “Ginnie Mae” – as members continued to examine the need to reform the U.S. housing finance system. “It’s important that we understand how Ginnie has been able... More