Federal Reserve Reform

The House is scheduled to vote next week on legislation designed to improve the economy’s performance by making the Federal Reserve more accountable and transparent. The bill, the Fed Oversight Modernization and Reform Act (FORM Act) sponsored by Monetary Policy and Trade Subcommittee Chairman Bill Huizenga (R-MI), requires the Fed to choose a monetary policy strategy and communicate… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chair Janet Yellen on the Fed’s supervision and regulation of the financial system: The Dodd-Frank Act requires the Federal Reserve’s Vice Chair of Supervision to testify before our committee twice a year regarding the Fed’s supervision and… Read more »

WASHINGTON -- The House Financial Services Committee approved legislation today designed to improve the economy’s performance by bringing greater accountability and transparency to the Federal Reserve.  The bill, the Fed Oversight Reform and Modernization Act (FORM Act) sponsored by Monetary Policy and Trade Subcommittee Chairman Bill Huizenga (R-MI), passed the Committee… Read more »

The Financial Services Committee today approved several bipartisan bills today designed to help grow the economy, create jobs, and bring much needed accountability and transparency to the Federal Reserve. “We seek to simplify the rules, reduce complexity and compliance costs. Complicated and costly regulations serve as barriers that too often keep small competitors off the playing… Read more »

The Financial Services Monetary Policy and Trade Subcommittee reviewed legislative proposals today that would bring greater accountability and transparency to the Federal Reserve. The lack of transparency at the Federal Reserve is growing; while the Federal Reserve’s power has increased, its internal processes have remained opaque, despite continued requests for information from Congress.… Read more »

  CLICK HERE TO WATCH WASHINGTON- Financial Services Committee Chairman Jeb Hensarling delivered the following opening statement at today’s Full Committee hearing with Federal Reserve Chair Janet Yellen: Last week this committee began a series of hearings examining the Dodd-Frank Act on its fifth… Read more »

WASHINGTON - The Financial Services Oversight and Investigations Subcommittee held a hearing today to examine the lack of transparency and accountability at the Federal Reserve. The powers of the Federal Reserve significantly expanded under the Dodd-Frank Act signed into law five years ago this month.  Dodd-Frank grants the Fed the authority to regulate much of the American economy… Read more »