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Hensarling Announces Departure of Staff Director Shannon McGahn, Congratulates Incoming Staff Director Ed Skala

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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that Shannon McGahn, the committee’s Staff Director, will be departing the committee in the coming weeks. “Shannon has been by my side as a trusted advisor and friend throughout some of the most pivotal moments of my career. Her leadership and strategic counsel have been invaluable to this…

Chairman Hensarling Delivers Opening Statement at FHFA Oversight Hearing

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine the Federal Housing Finance Agency’s (FHFA) role as conservator and regulator of the Government Sponsored Enterprises. Ten years ago, at the time of the financial crisis, Fannie and Freddie were thinly capitalized, they bought loans for as…

Committee Advances 12 Bills

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Today, the Financial Services Committee approved 12 important pieces of legislation to improve the lives of Americans and protect our financial institutions. “Today, we met to consider a dozen pieces of legislation to improve the lives of every day Americans. From ensuring our veterans are able to access mortgages to buy a home, to protecting our financial system from traffickers and…

House Passes 2 Financial Services Bills

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The House of Representatives passed two bills from the Financial Services Committee this week. “I’m pleased to see these important measures pass the House today to bring greater accountability and transparency to the Federal Reserve and to move the Committee’s efforts to thwart terrorism forward by ensuring appropriate processes are in place to protect our financial networks from…

MEDIA ADVISORY: Committee Announces September FHFA Oversight Hearing

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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Ann Wagner (R-MO) announced today that the Committee plans to hold a hearing no later than Thursday, September 27, 2018 as a part of its ongoing investigations into various allegations of waste, fraud and abuse at the Federal Housing Finance Administration…

Committee Advances Seven Bills

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Today, the Financial Services Committee approved seven important pieces of legislation to safeguard our financial system and improve access for all Americans to financial services and products. “Today, we meet to consider seven important bills… to help the lives of every day Americans and help protect our financial system,” said Committee Chairman Jeb Hensarling (R-TX) in his opening…

Chairman Hensarling Delivers Opening Statement at Hearing with the Federal Reserve Chairman

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with the Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy:                  As we meet today, thanks to the fiscal policies of the Trump Administration and this Congress,…

Hensarling & Waters Unveil Bipartisan Capital Markets Reform Legislation

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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Ranking Member Maxine Waters (D-CA) announced today that they have reached an agreement on a package of strong, bipartisan capital-formation legislation to help America’s small businesses and entrepreneurs and to protect investors. The package, known as the “JOBS and Investor Confidence Act of 2018,” is…

Chairman Hensarling Delivers Opening Statement at Hearing with Treasury Secretary Mnuchin

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with U.S. Department of the Treasury Secretary Steven Mnuchin:                  Whether you’re looking at unemployment, disposable family income, GDP, small business optimism, you name it, it is clear that…

Chairman Hensarling Delivers Opening Statement at Hearing with HUD Secretary Ben Carson

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson: As we all know, HUD was established almost 50 years ago. When it was established, President Johnson said it was essential to the war on poverty, but unfortunately, 50…

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