Full Committee

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 »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Jacob Lew: Before we begin today’s hearing, we need to keep in our thoughts and prayers the victims of this morning’s attacks in Belgium, as well as their loved… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chair Janet Yellen on the Fed’s supervision and regulation of the financial system: The Dodd-Frank Act requires the Federal Reserve’s Vice Chair of Supervision to testify before our committee twice a year regarding the Fed’s supervision and… Read more »

The Financial Services Committee approved several bills today designed to support greater economic growth and increase oversight and accountability of unchecked financial regulators. “Instead of ending ‘Too Big to Fail’ and taxpayer-funded Wall Street bailouts, the Dodd-Frank Act enshrines them into law.  Dodd-Frank increases the power and control that largely unaccountable… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing to examine the Future of Housing in America and the Department of Housing and Urban Development (HUD) during its 50th anniversary year: In launching the War on Poverty, President Lyndon Johnson told us its purpose was, “not only to relieve the symptom of poverty but… Read more »