Full Committee

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 »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Steven Mnuchin on the State of the International Financial System: This morning the Committee welcomes Treasury Secretary Steven Mnuchin for his testimony on the State of the International Financial System. As we all know,… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today in response to Democrats’ “Minority Hearing Day”: "Barack Obama is pocketing $400,000 for a Wall Street speech and Professor Warren is joining Wall Street CEOs in defending Dodd-Frank. How awkward for the Democrats. The Financial CHOICE Act ends bailouts for Wall Street… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today formally introduced the Financial CHOICE Act, the Republican alternative to the failed Dodd-Frank Act which has contributed to the slowest economic recovery since World War II. The Financial CHOICE Act, H.R. 10, will end taxpayer-funded bailouts of large financial institutions; impose tougher penalties on those who commit… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on today’s federal court ruling that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional: “This is a good day for democracy, economic freedom, due process and the Constitution.  The second highest court in the land has vindicated what House… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Federal Reserve Chair Janet Yellen on the Semi-Annual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System: … Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Jacob Lew on the Financial Stability Oversight Council (FSOC): With today being the official start of Fall, it’s disappointing that… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's markup of H.R. 5983, the Financial CHOICE Act: It has been six years since the passage of Dodd-Frank.  We were told it would lift our economy, but instead we are stuck in the slowest, weakest, most tepid recovery in the history of the Republic.  The economy does… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing focused on the capital requirements in the Financial CHOICE Act, the Republican alternative to the Dodd-Frank Act which will offer economic growth for all and bank bailouts for none: Regrettably, we… Read more »