News List

  • Bailed Out Fannie and Freddie Are Repaying Taxpayers? FALSE
    Nov 7, 2013 - Reports that failed government-run corporations Fannie Mae and Freddie Mac are close to “paying back” taxpayers for the largest bailout in American history are completely false, said Financial Services Committee Chairman Jeb Hensarling (R-TX). “Fannie and Freddie have not ‘repaid’ taxpayers one thin... More
  • CBO: PATH Act Reduces Deficit by $5.7 Billion
    Oct 30, 2013 - The non-partisan, independent Congressional Budget Office (CBO) reports the Protecting American Taxpayers and Homeowners Act (PATH Act) that the House Financial Services Committee passed in July will slash the federal budget deficit by $5.7 billion over the next 10 years. “The PATH Act not only ends... More
  • The FHA is Broke, but Apparently No One is Accountable
    Oct 29, 2013 - Today, the House Financial Services Committee held a hearing on the Federal Housing Administration’s (FHA) first-ever taxpayer-funded bailout — approximately $1.7 billion. Despite long-standing concerns about its solvency, the FHA has not taken the necessary steps to mitigate its losses. FHA curren... More
  • Committee Holds Hearing on FHA’s First-Ever Taxpayer Bailout on Tuesday
    Oct 28, 2013 - Washington’s latest taxpayer-funded bailout –$1.7 billion for the Federal Housing Administration (FHA) – will be the focus of a hearing on Tuesday at 10 a.m. by the House Financial Services Committee. FHA Commissioner Carol Galante will testify before the committee about the FHA’s first-ever bailout... More
  • Chairman Hensarling on Fox Business: "A Broke FHA Does No One Any Good"
    Oct 28, 2013 - Chairman Hensarling appeared on Fox Business Network earlier today to discuss tomorrow's Full Committee hearing on the $1.7 billion taxpayer-funded bailout the Federal Housing Administration (FHA) received at the end of September. Hensarling on FHA's current condition: "Well as you probably know, FH... More
  • Who Protects Consumers from the Consumer Financial Protection Bureau?
    Oct 24, 2013 - Update 11/18/13: The full committee will consider six bills to reform the CFPB on Wednesday. Next week 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 Prot... More
  • MEDIA ADVISORY: Updated Hearing Schedule
    Oct 22, 2013 - The House Financial Services Committee today announced its updated hearing schedule for the weeks of October 21st and October 28th. October 23 at 2:00 P.M. – The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing on legislation to further reduce impediments to capi... More
  • Sunday Video Message | Rep. Randy Hultgren
    Sep 29, 2013 - Congressman Randy Hultgren (Twitter | Facebook) delivers this week's Sunday Video Message on his legislation -- H.R. 992, the Swaps Regulatory Improvement Act. H.R. 992 will be considered on the House floor this week. More
  • Media Buzz: The FHA Bailout of 2013
    Sep 26, 2013 - Update: Chairman Hensarling Comments on Obama Administration’s Confirmation of $1.7 Billion Taxpayer-Funded Bailout for FHA Back in February, Chairman Hensarling cautioned that: "If the FHA were a private financial institution, likely somebody would be fired, somebody would be fined, or the institut... More
  • Chairman Hensarling Opening Statement at TRIA Hearing
    Sep 19, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing on the Terrorism Risk Insurance Act of 2002: “This is the first full committee hearing on this subject since 2005. “It is an important hearing for a number of reaso... More