The Failures of Dodd-Frank

  • Subcommittee Examines CFIUS
    Dec 14, 2017 - The Subcommittee on Monetary Policy and Trade held a hearing today to examine the operations and challenges of the multi-agency Committee on Foreign Investment in the United States (CFIUS). The panel examines proposed foreign investments in the U.S. and can advise the president to block deals on nat... More
  • House Helps Consumers Cope with Voluminous Privacy Notices and Increases Oversight of Aircraft Sales to Iran
    Dec 14, 2017 - The House of Representatives passed two important bipartisan pieces of legislation from the Financial Services Committee on Thursday that would cut outdated Washington regulations and increase Congressional oversight of business Treasury authorizes with Iran. H.R. 2396, the Privacy Notification and ... More
  • Shining a Light on Iranian Assets
    Dec 13, 2017 - The House on Wednesday passed the bipartisan “Iranian Leadership Asset Transparency Act” (H.R. 1638), which would make public the assets of top political and military leaders in Iran and how those assets are being used. Public reporting of the sources and uses of the concentrated wealth held by top ... More
  • Committee Advances 13 Bills
    Dec 13, 2017 - This week, the Financial Services Committee approved 13 bills on a range of subjects from economic growth, to consumer protection, to Native American housing and human trafficking. This week’s markup follows a very productive year for the Committee, which has held 54 subcommittee hearings, 12 full c... More
  • Bipartisan Regulatory Relief Bill Passes House
    Dec 12, 2017 - The House passed bipartisan legislation on Tuesday that provides important regulatory relief for small banks and credit unions and protects consumer access to mortgage credit. The CFPB’s expansion of escrow requirements and guidance on escrow and mortgage servicing requirements are prime examples of... More
  • ICYMI: The CFPB is unconstitutional so let's make it better
    Dec 12, 2017 - By Jeb Hensarling December 12, 2017 There has been much news recently about who lawfully controls the Consumer Financial Protection Bureau, an appointee of Barack Obama or an appointee of Donald Trump. The CFPB may provide great political theater, but it represents profoundly bad government. Instea... More
  • House Passes Bipartisan Bills to Help Consumers
    Dec 11, 2017 - The House today passed two bipartisan bills designed to help protect consumers and add much needed transparency for investors. H.R. 2706, the Financial Institution Customer Protection Act of 2017 sponsored by Rep. Blaine Luetkemeyer (R-MO), requires federal banking agencies to provide banks or credi... More
  • House Approves Bipartisan Small Business Bill
    Dec 7, 2017 - WASHINGTON – The House passed bipartisan legislation on Thursday to simplify regulations for small business owners who want to sell or merge their companies with new owners. The “Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act of 2017 (H.R. 477)” alleviates costs to smal... More
  • Subcommittee Assesses Office of Financial Research
    Dec 7, 2017 - The Subcommittee on Oversight and Investigations met today to examine the controversial Office of Financial Research (OFR), assessing its management and structure, public work-product, its cooperation with Congress, and support of the Financial Stability Oversight Council. OFR Director Richard Berne... More
  • Subcommittee Meets to Continue Assessment of Sustainable Housing Finance
    Dec 6, 2017 - The Housing and Insurance Subcommittee held a hearing today to continue assessing views and perspectives on comprehensive housing finance reform. “Today was an important step towards reforming our housing finance system, credit enhancement, and credit risk transfers,” said Subcommittee Chairman Sean... More