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Committee Advances Three Bills

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This week, the Financial Services Committee approved three bills aimed at improving capital markets and increasing opportunities for Main Street investors. “If we want to truly sustain long-term 3% economic growth then we must find ways to reduce regulatory burdens on our capital markets, which are vital to job creation and innovation,” said Committee Chairman Jeb Hensarling (R-TX).…

Chairman Hensarling Delivers Opening Statement at Hearing with SEC Chairman Jay Clayton

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Securities and Exchange Commission (SEC) Chairman Jay Clayton: I think we all know that the SEC has a well-established three part mission, to include investor protection, the maintenance of fair, orderly, and efficient markets, and the promotion of…

Committee Advances Four Bills

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This week, the Financial Services Committee approved four bills, bringing the total number of bills reported out of the Committee this Congress to 112. “Today, the Committee is meeting to consider another important series of measures. These are designed to deal with market stability and security to the financing of illicit activities. These bills represent months of dedicated efforts by…

Chairman Hensarling Delivers Opening Statement at Hearing with the Comptroller of the Currency

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Joseph Otting the Comptroller of the Currency: Today we will welcome Joseph Otting, the 31st Comptroller of the Currency, who took office approximately seven months ago. We will welcome him for his first appearance before the Committee. What a…

Committee Advances Six Bills

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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…

Chairman Hensarling Delivers Opening Statement at Committee Markup

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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.…

Crapo, Hensarling File Amicus Brief in Support of CFPB Acting Director Mulvaney

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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…

Hensarling Criticizes Fannie Mae Bailout Request

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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…

Hensarling Thanks Kirsten Sutton Mork for Service, Announces Return of Shannon McGahn

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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…

House Approves Bipartisan Small Business Bill

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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…

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