Chairman Hensarling on Successful Housing Finance Systems without Government Guarentees
| Posted in Press Releases
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled “Beyond GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.” Chairman Hensarling Speaks in Support of the Bipartisan Swap Jurisdiction Certainty Act
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House Financial Services Committee Chairman Jeb Hensalring (R-TX) delivered the following speech on the House floor today in support of H.R. 1256, the Swap Jurisdiction Certainty Act How the U.S. GSE Model Measures Up to the Rest of the World: We’re Number... 17?
| Posted in Member Corner
Proponents of the GSE model of housing finance often assert that the costs of that model are justified because it provides benefits that no other countries enjoy. In fact, before the collapse of the GSEs in 2008, their supporters often argued that “American housing finance is the envy of the world.” But the reality is that for all of the resources and subsidies that the GSEs directed (we… Weekly Rundown
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We’ll hold four hearings -- including full committee action on sustainable housing finance reform -- this week in addition to our three (and a half) bills on the House Floor. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists -- for updates throughout the week. Here’s what’s happening: We’re told on Tuesday the Rules Committee will meet… Chairman Hensarling Announces Upcoming Committee Schedule
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the first half of June. Obama Treasury Secretary: ‘We are overachieving on deficit reduction’
| Posted in Member Corner
During the first term of the Obama administration, our nation racked up four straight years of trillion dollar-plus deficits and as much debt as was accumulated in our first 200 years. Under President Obama, our national debt has increased by more than $6 trillion – the largest increase under any president in history. But according to President Obama's Treasury Secretary, Jack Lew, it’s… Three Things You Need to Know About The FSOC
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Tomorrow, Treasury Secretary Lew will deliver his annual report on the Financial Stability Oversight Council (FSOC). Here’s three things you need to know about FSOC: 1. The FSOC is failing to effectively monitor and mitigate systemic risk The Government Accountability Office (GAO) noted in an audit report to Congress in September 2012, the FSOC has “not developed a structure that… Chairman Hensarling Opening Statement at Today's Full Committee Markup
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Today the Committee will consider nine separate pieces of legislation. Two to amend the bipartisan JOBS Act, six to amend Title VII of the Dodd-Frank Act, and one to enhance the economic analysis performed by the Securities and Exchange Commission in carrying out its regulatory responsibilities. H.R. 742 Increases Global Swaps Market Transparency and Regulatory Corporation
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Congressman Bill Huizenga joined us during the markup of H.R. 742 to discuss swap derivatives and why they're important to a range of industries and businesses. Committee Will Follow the Law on CFPB Testimony
| Posted in Member Corner
Chairman Jeb Hensarling announced this week that the committee cannot legally accept testimony from Richard Cordray on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report until he is legally installed as the CFPB Director. However, the committee will continue to conduct rigorous oversight of the CFPB, and has already invited CFPB officials to… Browse Documents by Date or Issue |
