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House Acts to Tailor Regulation
Mar 14, 2018
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On Wednesday, the House voted 247-169 to pass a bill that would ease some of the one-size-fits-all regulations that are crippling community financial institutions. H.R. 1116, the Taking Account of Institutions with Low Operation Risk (TAILOR) Act of 2017 – sponsored by Representative Scott Tipton (R...
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Securing Your Personal Financial Information
Mar 7, 2018
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The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to discuss two legislative proposals, the “Data Acquisition and Technology Accountability and Security Act” and the “Promoting Responsible Oversight of Transaction and Examinations of Credit Technology (PROTECT) Act ...
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Reviewing State-Based Insurance Regulation
Mar 7, 2018
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The Housing and Insurance Subcommittee met today to review H.R. 5059, the State Insurance Regulation Preservation Act. Introduced on February 15, 2018 by Representatives Keith Rothfus and Joyce Beatty, the bill would amend the Home Owners’ Loan Act with respect to the registration and supervision of...
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Hensarling Statement on Resignation of Gary Cohn
Mar 6, 2018
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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the resignation of White House National Economic Council Director Gary Cohn: "Gary Cohn has been a strong voice for free markets and one that will be missed. His hard work on many o...
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House Passes Four Bipartisan Financial Services Bills
Mar 6, 2018
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WASHINGTON – Today, the House of Representatives passed four bipartisan bills from the Financial Services Committee, including legislation to address the burden that unnecessary, duplicative, and outdated regulations have imposed on our community financial institutions. “I’m pleased to see these wid...
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Crapo, Hensarling File Amicus Brief in Support of CFPB Acting Director Mulvaney
Mar 2, 2018
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WASHINGTON – Today, 38 Senators and 75 Representatives, led by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), filed an amicus brief in support of Acting Director Mulvaney and the President’s authority to designate an A...
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Committee Schedule for Week of March 5
Mar 2, 2018
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 5: Tuesday, March 6, 2018 at 10:00 AM – The House Financial Services Committee will hold a markup to adopt its views and estimates for the Fiscal Year 2019 Budget Resolution. We...
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House Passes Bill to Ease Unnecessary Regulation for Financial Institutions
Feb 27, 2018
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Today the House voted 245-169 to pass a bill that addresses the burden that unnecessary operational capital requirements have imposed on financial institutions. H.R. 4296 utilizes a methods-based approach to modify operational capital standards while also ensuring strong and healthy financial instit...
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Hensarling Welcomes Powell for First Monetary Policy Hearing
Feb 27, 2018
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy: Notwithstanding the greatest monetary and fiscal stimulus in our nation’s histor...
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DATE CHANGE: Fed Chairman Powell Semi-Annual Testimony Date
Feb 23, 2018
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WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that, due to changes to the House schedule, Federal Reserve Chairman Jerome Powell will now appear before the Committee on Tuesday, February 27 at 10 a.m. ET to deliver the Federal Reserve’s semi-annual Monetary ...
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