This Is Why We Hold Hearings
| Posted in Member Corner
Yesterday's Monetary Policy & Trade Subcommittee hearing showed a heartbreaking example of the unintended consequences of uninformed legislative action. Congressman Mick Muvaley explains in the video above how a provision buried deep within the 2,300-page Dodd-Frank Act is hurting the very people it was supposed to help in the war-torn central African nation of the Congo.… Dodd-Frank’s ‘Conflict Minerals’ Provision Has Failed to Reduce Violence, Made Matters Worse for Congo
| Posted in Press Releases
A provision buried deep within the 2,300-page Dodd-Frank Act is hurting the very people it was supposed to help in the war-torn central African nation of the Congo, according to expert witnesses who testified today before the Monetary Policy and Trade Subcommittee. Subcommittee Discusses Defense Production Act Reauthorization
| Posted in Press Releases
The House Financial Services Committee’s Monetary Policy and Trade Subcommittee heard testimony today on the importance of reauthorizing the Defense Production Act (DPA). Subcommittee Examines U.S. Role in the International Monetary Fund
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The House Financial Services Subcommittee on Monetary Policy and Trade today examined the U.S. role in the International Monetary Fund (IMF) and the Obama Administration’s request that Congress approve a larger U.S. quota contribution to the international organization. Subcommittees Hear From Experts on Harmful Consequences of QE and the GSEs
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“We talked about cash on balance sheets not deployed…People just sitting on cash because interest rates are too low and returns are too low now, but they think that they will go up in the future. So, everyone just sits until the Fed takes action. Rather than trying to read the market, they are trying to read what the Fed is going to do - which is… Bernanke Forced to Defend Fed's 'Easy-Money' Monetary Policy
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"I believe… the economic challenges of our nation are fiscal in nature, not monetary. They cannot be solved by the Fed." – Chairman Jeb Hensarling "There seems to be…a lot of evidence out there that the benefits of the low interest rate and quantitative easing are accruing primarily to the federal government, foreign governments and large banks.” – Monetary Policy &… Chairman Hensarling's Opening Statement at Today's Hearing with Federal Reserve Chairman Ben Bernanke
| Posted in Press Releases
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Federal Reserve Chairman Ben Bernanke. Financial Services Committee to Receive Fed Chairman’s Monetary Policy Report
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Financial Services Committee Chairman Jeb Hensarling announced today that Federal Reserve Chairman Ben Bernanke will appear before the committee on February 27 at 10 a.m. to deliver the semiannual Monetary Policy Report to Congress. Paul Subcommittee to Explore Auditing the Fed
| Posted in Press Releases
The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will hold a hearing on auditing the Federal Reserve and the need for transparency at the central bank. The Subcommittee will receive testimony from the Government Accountability Office (GAO) on its procedural audit and report, issued in July, of the Federal Reserve’s emergency lending facilities. The… The Dodd-Frank Act: Ill Conceived, Destined to Fail
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Today’s American Banker includes a dead-on piece about how the Dodd-Frank Act, with its 2,300 pages and more than 400 regulations, is “regulatory overkill” with unintended consequences that hurt consumers and the economy. “It's a fool's mission for our government to try to micro-manage our financial system — and for all the lip-service paid to balancing regulation and markets,… Browse Documents by Date or Issue |
