Weekly Rundown
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The House is in session Monday through Thursday this week. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for committee specific information as the week progresses. Here's what's happening: On Tuesday morning at 10 a.m., the Oversight & Investigations Subcommittee undertakes a general overview of disparate impact… Sunday Video Message | Rep. Marlin Stutzman
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Congressman Marlin Stutzman (Twitter | Facebook) delivers this week's Sunday Video Message on the committee's review of the Federal Reserve's "dual mandate." Chairman Hensarling Statement on CFTC Cross-Border Swaps Announcement
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Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about the Commodity Futures Trading Commission (CFTC) staff announcement related to cross-border swaps transactions: Weekend Must Reads
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Wall Street Journal | Affordable Housing Is What You Can Afford American Action Forum President Douglas Holtz-Eakin on a Senate housing “reform” bill that includes provisions for politically motivated lending. Baltimore Sun | Consumer protection bureau fails to protect A report by a Bipartisan Policy Center task force comes after almost a year's worth… Bailed Out Fannie and Freddie Are Repaying Taxpayers? FALSE
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Reports that failed government-run corporations Fannie Mae and Freddie Mac are close to “paying back” taxpayers for the largest bailout in American history are completely false, said Financial Services Chairman Jeb Hensarling (R-TX). CBO: PATH Act Reduces Deficit by $5.7 Billion
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The non-partisan, independent Congressional Budget Office (CBO) reports the Protecting American Taxpayers and Homeowners Act (PATH Act) that the House Financial Services Committee passed in July will slash the federal budget deficit by $5.7 billion over the next 10 years. The FHA is Broke, but Apparently No One is Accountable
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Today, the House Financial Services Committee held a hearing on the Federal Housing Administration’s (FHA) first-ever taxpayer-funded bailout — approximately $1.7 billion. Despite long-standing concerns about its solvency, the FHA has not taken the necessary steps to mitigate its losses. FHA currently has several means at its disposal to minimize losses to its insurance fund, yet… Committee Holds Hearing on FHA’s First-Ever Taxpayer Bailout on Tuesday
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Washington’s latest taxpayer-funded bailout –$1.7 billion for the Federal Housing Administration (FHA) – will be the focus of a hearing on Tuesday at 10 a.m. by the House Financial Services Committee. FHA Commissioner Carol Galante will testify before the committee about the FHA’s first-ever bailout, which was announced on September 27 and carried out on September 30. Chairman Hensarling on Fox Business: "A Broke FHA Does No One Any Good"
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Chairman Hensarling appeared on Fox Business Network earlier today to discuss tomorrow's Full Committee hearing on the $1.7 billion taxpayer-funded bailout the Federal Housing Administration (FHA) received at the end of September. Hensarling on FHA's current condition: "Well as you probably know, FHA is about to receive their first bailout… Who Protects Consumers from the Consumer Financial Protection Bureau?
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Update 11/18/13: The full committee will consider six bills to reform the CFPB on Wednesday. Next week the Financial Institutions and Consumer Credit Subcommittee will hold a hearing to discuss legislative proposals to bring more accountability, reform and transparency to the Consumer Financial Protection Bureau (CFPB). As Chairman Hensarling has pointed out, the… Browse Documents by Date or Issue |
