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WEEK IN REVIEW

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Committee Questions Yellen About Interest on Excess Reserves On Wednesday, the Financial Services Committee held its semi-annual hearing on monetary policy and the economy with Federal Reserve Chair Janet Yellen. In its coverage of the hearing, the Wall Street Journal reported that Republicans “pressed the Fed chairwoman to justify how much interest the Fed pays banks on the excess…

Hensarling Makes Case for Financial CHOICE Act

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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) on Thursday delivered the keynote address at the Heritage Foundation’s event, “The Case Against Dodd-Frank: How the ‘Consumer Protection’ Law Endangers Americans.” During his remarks, Chairman Hensarling laid out the failures of Dodd-Frank, the broken promises made by Democrats about the law, and how…

Financial CHOICE Act Released for Public Review, Nobel Prize Winning Economists and Former Treasury Secretaries Announce Support for Reforms

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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today publicly released a discussion draft of the Financial CHOICE Act, the Republican plan to replace the failed Dodd-Frank Act and promote economic growth.  CHOICE stands for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs. “We want the American people to see our proposal…

Hensarling Opening Statement at Monetary Policy Hearing

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to receive the Monetary Policy and State of the Economy report from Federal Reserve Chair Janet Yellen: I have been struck by some of the headlines I’ve reviewed as of recent. For example: “Economy barely grew in first three months of the year” –…

Media Advisory: Hensarling to Make Case for Financial CHOICE Act at Heritage Foundation

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WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) will discuss the Financial CHOICE Act – the Republican plan to replace the Dodd-Frank Act and promote economic growth – at the Heritage Foundation on Thursday, June 23.  The event – entitled “The Case Against Dodd-Frank: How the ‘Consumer Protection’ Law Endangers Americans” – is open to the press. …

ICYMI: Fixing What's Wrong With Dodd-Frank — And That's A Lot

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Investor's Business Daily The Republicans will soon put forth a plan to do away with the worst parts of the economy-smothering Dodd-Frank reforms. It's a welcome step toward restoring sanity to our financial markets. The Dodd-Frank Act was floated to the public on a raft of promises. It would end…

Letter to Boeing: American Companies Should Not Be Complicit In Weaponizing the Iranian Regime

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WASHINGTON – Congressman Peter Roskam (R-IL) and Congressman Jeb Hensarling (R-TX) are asking Boeing questions about its negotiations to sell aircraft to Iran. “American companies should not be complicit in weaponizing the Iranian Regime,” the members of Congress said in a letter sent on Thursday to Boeing CEO Dennis Muilenburg.  “In light of recent reports that a deal is imminent,…

WEEK IN REVIEW

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Economic Growth for All, Bailouts for None Looking for information on the Financial CHOICE Act? Visit /choice/ to learn more about the plan, described as “the broadest, most ambitious effort yet by the GOP to change how Wall Street and Washington interact” and “a constructive effort to spotlight Dodd-Frank’s flaws and show the way to improve it.” Committee Acts to Help the Economy…

Media Advisory: Committee Hearing Schedule for the Week of June 20

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WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of June 20. Wednesday, June 22 at 10:00 A.M. – A full committee hearing to receive the Federal Reserve’s Semi-Annual Monetary Policy Report to Congress. Media outlets interested in attending the hearing need to contact Catherine Costakos…

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