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House Passes World Bank Accountability Act
Jan 17, 2018
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On Wednesday, the House voted to pass H.R. 3326, World Bank Accountability Act. This important piece of legislation – which makes a share of future World Bank appropriations contingent on reforms to the Bank’s International Development Association (IDA) – passed the Financial Services Committee with...
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Hensarling Applauds Mulvaney’s Call for Review of CFPB Practices, Payday Lending Rule
Jan 17, 2018
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement applauding the Consumer Financial Protection Bureau’s (CFPB) announcements that it is undertaking a sweeping review of agency actions and practices, and that it would revisit a controversial rule relatin...
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ICYMI: The Swampland Republicans
Jan 17, 2018
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The Swampland Republicans GOP Senators balk at even modest fixes in federal flood insurance. By the Editorial Board January 17, 2018 Texas, Florida and especially Puerto Rico are rebuilding after last year’s hurricanes, and for once Washington’s response includes more than a cash infusion. The Hous...
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Hensarling Delivers Opening Statement at Committee Markup
Jan 17, 2018
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement as the committee began consideration of 17 measures on Wednesday: 2017 was one of the most productive years on record for this committee. 12 full committee hearings, 54 subcommittee hearings, ...
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Subcommittee Examines Ways to Reform the Federal Reserve
Jan 10, 2018
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The Subcommittee on Monetary Policy and Trade met today to further examine proposals to reform the Federal Reserve. Proposals reviewed include: H.R. ____, to amend the Federal Reserve Act to establish requirements for salaries, financial disclosures, and office staff of the Board of Governors of the...
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Subcommittee Examines Legislation to Lift Regulatory Burden, Increase Consumer Choice
Jan 9, 2018
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The Financial Institutions and Consumer Credit Subcommittee met today to examine the following pieces of legislation aimed at improving regulations for financial institutions: H.R. 1264, the Community Financial Institution Exemption Act H.R. 2683, the Protecting Veterans Credit Act of 2017 H.R. 4648...
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Subcommittee Examines Foreign Investment Process
Jan 9, 2018
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The Monetary Policy and Trade Subcommittee met today to evaluate the operations of the Committee on Foreign Investment in the United States (CFIUS) and the challenges posed by a changing global economy. “Today, the Monetary Policy and Trade Subcommittee continued our work to evaluate and consider re...
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Hensarling Statement on Royce Retirement
Jan 8, 2018
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the retirement of Chairman Ed Royce (R-CA). “For more than 25 years, Ed Royce has been a fearless advocate for freer markets and smaller government. He was far ahead of the curve in championing ...
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Media Advisory: Committee Schedule for Week of January 8
Jan 5, 2018
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of January 8: Tuesday, January 9 at 10:00 a.m. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Evaluating CFIUS: Challenges Posed by a Changing Global Economy....
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Hensarling Thanks Kirsten Sutton Mork for Service, Announces Return of Shannon McGahn
Jan 5, 2018
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that Kirsten Sutton Mork, the committee’s Staff Director, will be departing the committee in the coming weeks to serve as Chief of Staff for the Consumer Financial Protection Bureau. “As one of my longest-serving and m...
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