News List

Leaders of the Financial Services Committee have proposed the PATH Act – the Protecting American Taxpayers and Homeowners Act (.pdf) – to create a sustainable housing finance system for the 21st century. The proposal: Ends the taxpayer-funded bailout of Fannie Mae and Freddie Mac that has cost taxpayers nearly $200 billion – the largest bailout in history; Increases… Read more »

  Chairman Jeb Hensarling delivers this week's Sunday Video Message introducing the Protecting American Homeowners and Taxpayers Act, the PATH Act for short. Read more »

Wall Street Journal: Housing Reform Breakout The House GOP moves to revive the private home mortgage market.  New York Times: Diverging Debate at Fed on When to End Stimulus Federal Reserve Chairman Ben Bernanke said on Wednesday that the Fed was likely to extend the centerpiece of its campaign to bolster the economy — keeping short-term interest rates close to zero —… Read more »

Leaders on the Financial Services Committee today announced the PATH Act – the Protecting American Taxpayers and Homeowners Act – to create a sustainable housing finance system. Read more »

Wall Street Journal Editorial: Housing Reform Breakout  One perverse result of the financial crisis is that Washington has nationalized housing finance. Taxpayers guarantee about 85% of new mortgages, some $5.1 trillion in mortgage credit and growing. So it's a big and welcome political breakthrough that House Republicans are taking… Read more »

The House of Representatives yesterday overwhelmingly passed two bipartisan Financial Services Committee bills to reduce the red tape burden for our nation’s job creators and to fix unintended consequences of derivatives provisions in the Dodd-Frank Act. Read more »

At a time when Washington is awash in scandals over mass surveillance and political targeting, the Consumer Financial Protection Bureau (CFPB) has spent at least $10.3 million to collect confidential financial information on Americans, a Financial Services subcommittee learned today. Read more »

Not only did the Dodd-Frank Act fail to end “Too Big to Fail,” its provisions regarding the designation of large firms as “systemically important” and the resolution of such firms may also be unconstitutional, the Oversight and Investigations Subcommittee heard from expert witnesses today. Read more »

Welcome back from the Independence Day break! We kick off the last four-week stretch of congressional activity before August with two suspensions and three hearings this week. 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 Monday the House is expected to consider… Read more »

At a time when Washington is awash in scandals over mass surveillance and political targeting, the CFPB is amassing tens of millions of your private financial records and consumer data. According to Investors Business Daily, the "massive database of personal information" includes "monthly credit card, mortgage, car and other payments," giving the bureau a snapshot of your bill-paying and… Read more »