The Monetary Policy and Trade Subcommittee held a hearing today to examine the Administration’s use of economic sanctions to achieve foreign policy objectives with respect to Iran, North Korea, Russia, and other countries of strategic importance.
“Today’s hearing focused on the effectiveness of U.S. sanctions, while emphasizing the importance of applying maximum pressure on certain rogue… Read more »
The Monetary Policy and Trade Subcommittee held a hearing today to evaluate the operations of both the U.S. Mint and the Bureau of Engraving and Printing (BEP) and their role in producing U.S. currency, both now and in the future.
“It is the responsibility of Congress to provide oversight of the U.S. Bureau of Engraving and Printing and the U.S. Mint. With new and disruptive products… Read more »
The Monetary Policy and Trade Subcommittee met today to examine the extent to which the United States government should consider cryptocurrencies as money, and their potential effect on domestic and foreign economies. The Subcommittee also evaluated the merits of any uses by central banks of cryptocurrencies to better understand the future of both digital currencies and physical cash.… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s Monetary Policy and Trade Subcommittee hearing on the implications of U.S. aircraft sales to Iran:
“For the past year, this committee’s bipartisan Task Force on Terrorism Financing has done excellent work shedding light on sources of terror financing and offering… Read more »
WASHINGTON – By paying Federal Reserve member banks above-market interest on reserves, the Fed may be distorting investment decisions and weakening the economy’s performance, several witnesses told the Monetary Policy and Trade Subcommittee at a hearing on Tuesday.
“Almost seven years old, the Fed’s colossal and distortionary balance sheet shows no sign of shrinking. We will not fully… Read more »
WASHINGTON – The Financial Services Monetary Policy and Trade Subcommittee held a hearing today with Dr. Nathan Sheets, Under Secretary for International Affairs at the U.S. Department of the Treasury, to examine ways the U.S. can make development banks more accountable.
“Congress plays a very important role in determining U.S.… Read more »
The House is scheduled to vote next week on legislation designed to improve the economy’s performance by making the Federal Reserve more accountable and transparent.
The bill, the Fed Oversight Modernization and Reform Act (FORM Act) sponsored by Monetary Policy and Trade Subcommittee Chairman Bill Huizenga (R-MI), requires the Fed to choose a monetary policy strategy and communicate… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) today released the following statement on the Export-Import Bank’s official request to Congress for a 5 year reauthorization and increase in its lending cap.
“I have always believed that re-authorizing the Export-Import Bank is a bad idea. In many respects, it’s the face of cronyism. So I was… Read more »
By Rep. John Campbell
Chairman of the Subcommittee on Monetary Policy and Trade
The Obama Administration is deliberately holding up economic assistance to Ukraine by trying to make permanent a temporary U.S. investment in the International Monetary Fund. The Administration is not being honest about what the IMF quota increase would actually mean for Ukraine, nor is it being… Read more »
The House Financial Services Monetary Policy and Trade Subcommittee held a hearing today to examine the Federal Reserve’s role in credit allocation as part of the committee’s Federal Reserve Centennial Oversight Project.
The Federal Reserve’s exceptionally accommodative monetary policy through its Quantitative Easing (QE) program is enabling the government’s current fiscal extravagance… Read more »
