Full Committee

The House Financial Services Committee approved bills today that repeal the Dodd-Frank Act’s bailout fund for large, complex financial institutions and make the CFPB more accountable to taxpayers by putting its spending on budget. “When it comes to the resolution of these large, complex financial institutions, should we have bailouts or should we have bankruptcy? I think most… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following statement after the Department of Labor issued the final version of its controversial “fiduciary” regulation that will harm millions of lower and middle income Americans by raising the costs of financial planning: “Millions of Americans turn to financial advisors to help them plan and save for… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Jacob Lew: Before we begin today’s hearing, we need to keep in our thoughts and prayers the victims of this morning’s attacks in Belgium, as well as their loved… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chair Janet Yellen on the Fed’s supervision and regulation of the financial system: The Dodd-Frank Act requires the Federal Reserve’s Vice Chair of Supervision to testify before our committee twice a year regarding the Fed’s supervision and… Read more »

The Financial Services Committee approved several bills today designed to support greater economic growth and increase oversight and accountability of unchecked financial regulators. “Instead of ending ‘Too Big to Fail’ and taxpayer-funded Wall Street bailouts, the Dodd-Frank Act enshrines them into law.  Dodd-Frank increases the power and control that largely unaccountable… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing to examine the Future of Housing in America and the Department of Housing and Urban Development (HUD) during its 50th anniversary year: In launching the War on Poverty, President Lyndon Johnson told us its purpose was, “not only to relieve the symptom of poverty but… Read more »

On Wednesday at 10:00 a.m. the Full Committee will hold a hearing to assess the impact of the Dodd-Frank Act on its four-year anniversary. To view the committee staff report on “too big to fail” that was released today, click here. On Thursday at 10:00 a.m. the Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to examine the SEC’s Division of… Read more »

The House is in session Tuesday through Friday this week. On Thursday at 10:00 a.m. the full committee will hold a hearing on legislation to reform the Federal Reserve on its 100-year anniversary. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for additional information throughout the week. Read more »

Republicans and Democrats on the House Financial Services Oversight and Investigations Subcommittee voted 20-0 to subpoena two CFPB officials and a union representative as part of its ongoing investigation into allegations of discrimination and retaliation at the Bureau. Wall Street Journal: House Panel Votes to Subpoena CFPB… Read more »

    CLICK HERE TO WATCH WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at… Read more »