News List

Rep. Ed Royce hit the nail on the head this week when he correctly pointed out that the PATH Act does not eliminate all government guarantees as some have incorrectly claimed. Courtesy of Rep. Royce’s office, below is his exchange with Federal Reserve Chairman Ben Bernanke this week on how the PATH Act preserves the FHA’s countercyclical role by allowing it to insure loans to any… Read more »

WHAT: Financial Services Committee Jeb Hensarling (R-TX) on Bloomberg TV’s Capitol Gains with host Peter Cook, discussing the Protecting American Taxpayers and Homeowners Act (PATH Act). WHEN: Sunday, July 21 11:30 A.M. EDT on Washington, D.C.’s WUSA Channel 9 12:00 P.M. EDT and 5:00 P.M. EDT on Bloomberg TV Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing on the Protecting American Taxpayers and Homeowners Act. Read more »

“Fannie Mae will never impose a cost on the American taxpayer…” – James A. Johnson, Chief Executive Officer of Fannie Mae, testifying before the House of Representatives, April 17, 1996  “Under the direction of James A. Johnson, Fannie Mae’s calculating and politically connected chief executive, the company capitalized on its government ties, building itself into the largest and most… Read more »

UPDATE: After releasing details of the PATH Act, the full committee held a hearing entitled “A Legislative Proposal to Protect American Taxpayers and Homeowners by Creating a Sustainable Housing Finance System” on July 17, 2013, bringing the total to 12 hearing and more than 50 witnesses on this subject since January. We've blogged before about the importance of… Read more »

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 Read more »

  Housing & Insurance Subcommittee Chairman Randy Neugebauer talked about the Protecting American Taxpayers and Homeowners Act on Fox Business's The Willis Report yesterday evening. He also spoke about the housing reform plan on KFYO’s Lubbock First News. The full committee will hold a hearing on the PATH Act discussion draft this Thursday at 1 p.m.  Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today about the Senate’s vote to confirm Richard Cordray as the director of the Consumer Financial Protection Bureau (CFPB) Read more »

Federal Reserve Chairman Ben Bernanke’s testimony and the semi-annual Monetary Policy Report he will deliver to the House Financial Services Committee on Wednesday, July 17 will be released to the public at 8:30 a.m. EDT that day. Read more »

This week we'll hold two major full committee hearings. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week.  Here's what's happening:  On Wednesday, the full committee welcomes Federal Reserve Chairman Ben Bernanke at 10 a.m. for the July Humphrey-Hawkins hearing. The Fed Chief's… Read more »