The Failures of Dodd-Frank

  • Subcommittee Examines Cybersecurity of Consolidated Audit Trail
    Nov 30, 2017 - WASHINGTON – The Subcommittee on Capital Markets, Securities and Investment held a hearing Thursday to examine the security of the Consolidated Audit Trail (CAT), a central repository for order and trading activity data. “The importance of cybersecurity cannot be overstated,” said Subcommittee Chair... More
  • Legislative Proposals to Counter Terrorism and Illicit Finance
    Nov 29, 2017 - The Financial Institutions and Consumer Credit and Terrorism and Illicit Finance Subcommittees held a joint hearing today to discuss two legislative proposals, the “End Banking for Human Traffickers Act of 2017” and the “Counterterrorism and Illicit Finance Act” (CTIF), that will counter human traff... More
  • Subcommittee Examines Ginnie Mae’s Role in Housing Finance System
    Nov 29, 2017 - The Housing and Insurance Subcommittee met today to assess the role of the Government National Mortgage Association – commonly referred to as “Ginnie Mae” – as members continued to examine the need to reform the U.S. housing finance system. “It’s important that we understand how Ginnie has been able... More
  • ICYMI: ‘The problem is not so much who is running the CFPB. The problem is the CFPB.’
    Nov 29, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) was interviewed on Tuesday and Wednesday about the change in leadership at the Consumer Financial Protection Bureau (CFPB). Click on the images below to watch. “This is a last, desperate gasp of the previous director who came in under... More
  • Chairman Hensarling Statement on Mulvaney Appointment to CFPB
    Nov 25, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon the appointment of OMB Director Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau (CFPB): “I congratulate President Trump on appointing OMB Director Mulvaney as ... More
  • Hensarling Statement on Janet Yellen's Decision to Leave the Federal Reserve Board
    Nov 20, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement concerning Federal Reserve Chair Janet Yellen's decision to resign her seat on the Fed's Board of Governors once Jerome Powell replaces her as head of the nation's central bank: “Although we did not alwa... More
  • Committee Advances 23 Bills
    Nov 15, 2017 - WASHINGTON – This week, the Financial Services Committee approved 23 bills largely aimed at ensuring that our economy is working for all working Americans. Since January, the committee has approved 63 bills. As Chairman Hensarling (R-TX) said when the committee began considering the proposals on Tue... More
  • Hensarling Responds to News of Cordray Resignation
    Nov 15, 2017 - WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the House-passed Financial CHOICE Act, issued the following statement today in response to Richard Cordray's announcement that he will resign as head of the CFPB: “We are long overdue for new leadership at... More
  • Precarious Health of FHA a ‘Clear and Present Danger’ to the Economy
    Nov 15, 2017 - The declining fiscal condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund represents “a clear and present danger to taxpayers, homebuyers and the U.S. economy” and must be addressed by Congress, said Financial Services Committee Chairman Jeb Hensarling (R-TX). The FHA... More
  • House Passes Long-Term Reauthorization of Flood Insurance Program
    Nov 14, 2017 - WASHINGTON – Today, the House voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills from the Financial Services Committee to reform and reauthorize the National Flood Insurance Program (NFIP). The taxpayer-backed NFIP was created in 1968 to provide government... More