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The PATH Act Sustains the 30-Year Fixed Rate Mortgage

| Posted in Member Corner

Leaders of the Financial Services Committee have proposed the PATH Act – the Protecting American Taxpayers and Homeowners Act (.pdf) – to create a sustainable housing finance system for the 21st century. The proposal: Ends the taxpayer-funded bailout of Fannie Mae and Freddie Mac that has cost taxpayers nearly $200 billion – the largest bailout in history; Increases…

Sunday Video Message | Rep. Keith Rothfus

| Posted in Member Corner

Pennsylvania Congressman Keith Rothfus (Facebook | Twitter) delivers this week's Sunday Video Message. He shares his reaction to Wednesday's full committee hearing on "Too Big to Fail" in the post-Dodd-Frank world. Spoiler Alert! Dodd-Frank did not, does not and will not end Too Big to Fail. 

Chairman Hensarling Opening Statement at Today's Full Committee Hearing on 'Too-Big-to-Fail' Post- Dodd-Frank

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing examining how the Dodd-Frank Act could result in more taxpayer-funded bailouts:    “Not long after the financial crisis arose in 2008, we heard the cry ‘Occupy Wall Street!’ Most Americans have never wanted to occupy Wall Street, they just…

H.R. 1135 Repeals Complex and Misleading Pay Disclosure Requirement

| Posted in Member Corner

Congressman Bill Huizenga joined us to talk about H.R. 1135, the Burdensome Data Collection Relief Act. The bill repeals Section 953(b) of the Dodd-Frank Act that requires all publicly traded companies to calculate and disclose the median annual total compensation of all employees and compare that number to the annual total compensation of the CEO in each SEC filing. While that…