Full Committee

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 »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to receive the Monetary Policy and State of the Economy report from Federal Reserve Chair Janet Yellen: I have been struck by some of the headlines I’ve reviewed as of recent. For example: “Economy barely grew in first three months of the year” –… Read more »

WASHINGTON – The House today approved a resolution to stop the Obama administration’s controversial “fiduciary” regulation that will restrict access to and raise the cost of financial planning for lower and middle income Americans. “Millions of Americans turn to financial advisors to help them plan and save for retirement, to send a… Read more »

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 »