The Failures of Dodd-Frank

  • House Passes Foreign Investment Reform Bill
    Jun 26, 2018 - The House of Representatives today passed the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) by a strong bipartisan vote of 400-2. “This bill is a comprehensive reform of the Committee on Foreign Investment in the United States (CFIUS) - the first update of its kind in over a deca... More
  • Ensuring Oversight, Accountability in HUD’s Approach to Lead-Based Paint and Mold Remediation
    Jun 26, 2018 - The Housing and Insurance Subcommittee met today to examine how the U.S. Department of Housing and Urban Development’s (HUD) programs manage and remedy unsafe living conditions caused by lead-based paint and mold for many individuals and families living in public and subsidized housing. “This hearin... More
  • Examining the International and Domestic Implications of De-Risking
    Jun 26, 2018 - The Subcommittee on Financial Institutions and Consumer Credit met today to examine the key drivers of de-risking, the practice of financial institutions terminating relationships deemed “high risk” clients in an effort to minimize compliance risk exposure. High risk entities include many legitimate... More
  • Hensarling Statement on Court Finding Bureau of Consumer Financial Protection Unconstitutional
    Jun 21, 2018 - WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on today’s federal court ruling that the structure of the Bureau of Consumer Financial Protection (Bureau) is unconstitutional: Today is a good day for democracy, economic freedom, due process, ... More
  • Committee Advances Three Bills
    Jun 21, 2018 - This week, the Financial Services Committee approved three bills aimed at improving capital markets and increasing opportunities for Main Street investors. “If we want to truly sustain long-term 3% economic growth then we must find ways to reduce regulatory burdens on our capital markets, which are ... More
  • Hensarling Applauds Supreme Court Ruling on SEC Administrative Law Judges
    Jun 21, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today applauding a Supreme Court ruling which found that the Securities and Exchange Commission’s (SEC) use of in-house administrative law judges (ALJs) unconstitutional. “Today’s ruling is a victory for... More
  • Chairman Hensarling Delivers Opening Statement at Hearing with SEC Chairman Jay Clayton
    Jun 21, 2018 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Securities and Exchange Commission (SEC) Chairman Jay Clayton: I think we all know that the SEC has a well-established three part mission, to include investor ... More
  • Combatting the Illicit Use of Virtual Currencies
    Jun 20, 2018 - The Subcommittee on Terrorism and Illicit Finance met today to examine the problems law enforcement agencies encounter in their efforts to address the illicit funding potential of virtual currencies (VCs). “Today’s hearing was an excellent opportunity to learn more about the illicit use of virtual c... More
  • Chairman Hensarling Delivers Opening Statement at Hearing on Economy, Anniversary of Tax Reform
    Jun 20, 2018 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine how tax reform and regulatory relief are empowering the economy: Tomorrow marks the six month anniversary of the Tax Cuts & Jobs Act, and throughout the ... More
  • Hensarling Applauds Kraninger Nomination
    Jun 18, 2018 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement supporting the nomination of Kathy Kraninger to head the Bureau of Consumer Financial Protection (Bureau). “The Bureau has an important mission to enforce consumer protection laws, and properly designed ... More