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Obama Administration’s Claims on IMF Quota Increase are Patently False

| Posted in Member Corner

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…

Subcommittee Examines Federal Reserve Credit Allocation

| Posted in Press Releases

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…

Weekly Rundown

| Posted in Member Corner

Welcome back for the Second Session of the 113th Congress. The House convenes on Tuesday with votes scheduled through Friday this week.   Here's what's happening:  On Thursday at 10 a.m. the Monetary Policy & Trade Subcommittee continues our Federal Reserve Oversight Project with a hearing on the international impacts of the Fed's quantitative easing…

Media Buzz: The Federal Reserve Centennial Oversight Project

| Posted in Member Corner

Earlier this month Chairman Hensarling and Monetary Policy and Trade Subcommittee Chairman Campbell announced the committee's “Federal Reserve Centennial Oversight Project” – an aggressive series of hearings slated during 2014 that will culminate in the markup of legislation to reform how the nation’s central bank operates. The Oversight Project coincides with the 100th anniversary of…

Committee Plans Year-Long, Intensive Oversight of Federal Reserve to Mark Central Bank’s Centennial

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) and Monetary Policy and Trade Subcommittee Chairman John Campbell (R-CA) today announced the “Federal Reserve Centennial Oversight Project” – an aggressive series of hearings during 2014 that will culminate with the development of legislation to reform how the nation’s central bank operates.

Chairman Hensarling Announces October Hearing Schedule

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the first half of October.  October 1 at 10:00 A.M. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing to discuss legislative proposals to bring more accountability, reform and transparency to the Consumer Financial Protection…