The Failures of Dodd-Frank

  • Hensarling Applauds Court Ruling Vacating Flawed Fiduciary Rule
    Mar 16, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement in response to the decision by the Fifth Circuit Court of Appeals in Chamber of Commerce of the USA, et. al vs. US Department of Labor, vacating the Fiduciary Rule. “Yesterday was a good day for hardwo... More
  • After the Breach: the Monetization and Illicit Use of Stolen Data
    Mar 15, 2018 - The Subcommittee on Terrorism and Illicit Finance met today to examine the monetization and illicit use of stolen data after a hack. Just as the world is quickly increasing its presence online, cybertheft is becoming a more and more common operation. “Cybertheft is particularly damaging because the ... More
  • House Passes Two Bipartisan Financial Services Bills
    Mar 15, 2018 - Today, the House of Representatives passed two bipartisan bills from the Financial Services Committee, including legislation to bring transparency to a regulatory appeals process so financial institutions can operate responsibly in the financial system and focus on serving their customers. “These bi... More
  • Subcommittee Examines CFIUS
    Mar 15, 2018 - The Subcommittee on Monetary Policy and Trade met today to evaluate the operations of the Committee on Foreign Investment in the United States (CFIUS) and the challenges it faces by a changing global economy. “Today’s hearing is the third time this Congress that the Subcommittee has publicly examine... More
  • Examining Cryptocurrencies and ICO Markets
    Mar 15, 2018 - The Subcommittee on Capital Markets, Securities, and Investments held a hearing Wednesday to examine the cryptocurrencies and Initial Coin Offering (ICO) markets. These markets have been growing rapidly, attracting significant attention from investors and start-up enterprises interested in how crypt... More
  • Hensarling Congratulates Senate, Calls for Continued Negotiation
    Mar 14, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today upon Senate passage of S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act.” “I want to congratulate Chairman Crapo and the Senate for putting together and passing a packa... More
  • House Acts to Tailor Regulation
    Mar 14, 2018 - On Wednesday, the House voted 247-169 to pass a bill that would ease some of the one-size-fits-all regulations that are crippling community financial institutions. H.R. 1116, the Taking Account of Institutions with Low Operation Risk (TAILOR) Act of 2017 – sponsored by Representative Scott Tipton (R... More
  • Securing Your Personal Financial Information
    Mar 7, 2018 - The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to discuss two legislative proposals, the “Data Acquisition and Technology Accountability and Security Act” and the “Promoting Responsible Oversight of Transaction and Examinations of Credit Technology (PROTECT) Act ... More
  • Reviewing State-Based Insurance Regulation
    Mar 7, 2018 - The Housing and Insurance Subcommittee met today to review H.R. 5059, the State Insurance Regulation Preservation Act. Introduced on February 15, 2018 by Representatives Keith Rothfus and Joyce Beatty, the bill would amend the Home Owners’ Loan Act with respect to the registration and supervision of... More
  • Hensarling Statement on Resignation of Gary Cohn
    Mar 6, 2018 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the resignation of White House National Economic Council Director Gary Cohn: "Gary Cohn has been a strong voice for free markets and one that will be missed. His hard work on many o... More