Full Committee

This week, the Financial Services Committee approved six bills, bringing the total number of bills reported out of the Committee this Congress to 108. “These measures build on the regulatory relief recently passed by Congress to eliminate onerous Washington regulations that are stifling access to credit and capital. This is about creating the next Apple, the next Yahoo, the next Home… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement as the committee began consideration of six measures on Thursday: Our nation’s economy continues to be the envy of the world. Our ability to average over 3% annual growth is both an enviable and unparalleled record in world history – it helps define American exceptionalism.… Read more »

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 Acting Director of the Consumer Financial Protection Bureau (CFPB) under the Federal… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement harshly criticizing Fannie Mae’s request for bailout funds from Treasury and calling on FHFA Director Mel Watt to stand by his word and immediately suspend payments to the Housing Trust Fund. “Today’s announcement that Fannie Mae has once again run out of money to pay its own bills is the… Read more »

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 most dedicated aides, Kirsten has been an indispensable advisor to me for the last… Read more »

WASHINGTON – The House passed bipartisan legislation on Thursday to simplify regulations for small business owners who want to sell or merge their companies with new owners. The “Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act of 2017 (H.R. 477)” alleviates costs to small business owners by simplifying the securities registration system for mergers and… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today outlined reforms to fix America’s broken housing finance system.  During a speech at a conference on the future of the U.S. housing market, Chairman Hensarling said he would work on a bipartisan basis to come up with a reform package provided it included certain key principles.  He also… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon the appointment of OMB Director Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau (CFPB): “I congratulate President Trump on appointing OMB Director Mulvaney as Acting Director of the CFPB. Mick is a close friend and a dedicated public servant - I… Read more »

WASHINGTON – This week, the Financial Services Committee approved 23 bills largely aimed at ensuring that our economy is working for all working Americans.  Since January, the committee has approved 63 bills. As Chairman Hensarling (R-TX) said when the committee began considering the proposals on Tuesday, the bills “will increase investment opportunities for more Americans. … Read more »

WASHINGTON – Today, the House voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills from the Financial Services Committee to reform and reauthorize the National Flood Insurance Program (NFIP). The taxpayer-backed NFIP was created in 1968 to provide government insurance protection against flood risks for both homeowners and commercial businesses.… Read more »