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Examining the Availability vs. Reliability of Insurance for Non-Profit Organizations
Sep 28, 2017
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Today the Subcommittee on Housing and Insurance held a hearing to examine insurance for non-profit organizations. The purpose of this hearing was to evaluate the availability of property insurance coverage for non-profit organizations and address whether Risk Retention Groups (RRGs) should be grante...
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Bipartisan Flood Insurance Reform Passes House
Sep 28, 2017
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The House voted 264-155 today for legislation that includes a bipartisan effort to encourage the creation of private flood insurance markets in an effort to provide homeowners with more coverage options at more affordable rates. The bipartisan Flood Insurance Market Parity and Modernization Act, spo...
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Subcommittee Reviews Family Self-Sufficiency Program
Sep 27, 2017
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The Subcommittee on Housing and Insurance held a hearing today to examine the Family Self-Sufficiency Program (FSS), a program that enables HUD-assisted families to increase their earned income and reduce their dependency on welfare assistance and rental subsidies. “Today’s subcommittee on the Famil...
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Hensarling Urges Support for Flood Insurance Reform
Sep 25, 2017
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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks in support of the Flood Insurance Market Parity and Modernization Act: Mr. Speaker, it’s so obvious to all as we have looked in horror on our television screens to see the devastation of Harvey, Irma and Mari...
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Internal Documents Withheld from Committee Show CFPB Rushed to Settle Case Against Wells Fargo Without Investigation
Sep 19, 2017
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The House Financial Services Committee released a second interim staff report on its investigation into the Wells Fargo fraudulent account scandal and the Consumer Financial Protection Bureau’s (CFPB) enforcement action on the matter. An internal CFPB “Recommendation Memorandum” for the Director – i...
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Hensarling Visits Houston After Hurricane Harvey Destruction
Sep 18, 2017
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement after visiting Houston and meeting with victims of Hurricane Harvey’s destruction: “In Houston, I toured the damage and met with local and federal officials about future relief and much needed flood in...
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Subcommittee Considers Toughest Financial Sanctions Ever Directed at North Korea
Sep 13, 2017
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The Subcommittee on Monetary Policy and Trade held a hearing today to review legislation to impose financial sanctions targeting North Korea to curb the rogue nation’s development of weapons of mass destruction and ballistic missiles. The hearing also addressed the adequacy of the existing sanctions...
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Flood Insurance Program is Broke and Broken
Sep 13, 2017
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after FEMA announced it will likely need Congress to increase the borrowing authority of the National Flood Insurance Program: “For the victims who paid for flood insurance policies with the Nation...
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Subcommittees Team Up to Examine the Relationship Between Prudential Regulation and Monetary Policy at the Federal Reserve
Sep 12, 2017
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The Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Monetary Policy and Trade held a joint hearing today that examined the relationship between prudential regulation and monetary policy at the Federal Reserve. The main goal of the hearing was to determine whether t...
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Providing Oversight to the Financial Industry Regulatory Authority
Sep 8, 2017
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The Subcommittee on Capital Markets, Securities, and Investment held a hearing yesterday to provide oversight of the Financial Industry Regulatory Authority (FINRA), including its activities and policies as an independent, not-for-profit organization authorized by Congress to act as a self-regulator...
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