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Committee Passes Job Growth and Regulatory Relief Bills
May 22, 2014
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The House Financial Services Committee today passed 11 bills to enhance capital formation for small and emerging growth companies and provide regulatory relief for community financial institutions. “When we, as a committee, have the opportunity to help put Americans back to work, to help create jobs...
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CBO: More Accurate Accounting Shows Export-Import Bank Does Not Make a “Profit”
May 22, 2014
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The Congressional Budget Office (CBO) today confirmed that the Export-Import Bank would cost taxpayers $2 billion over 10 years if the federal government followed more accurate accounting rules. “The Export-Import Bank and its supporters claim it makes money for taxpayers. As I have said previously,...
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Subcommittee Hears Testimony from Subpoenaed CFPB Witnesses
May 21, 2014
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As part of its ongoing investigation into allegations of racial and gender discrimination and employee retaliation at the CFPB, the House Financial Services Oversight and Investigations Subcommittee today heard testimony from witnesses who were subpoenaed to appear before the panel. “The fact is tha...
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Subcommittee Examines Proposals to Improve Transparency and Accountability at the CFPB
May 21, 2014
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The Financial Institutions and Consumer Credit Subcommittee held a hearing today to examine legislative proposals to improve transparency and accountability at the CFPB. Subcommittee Chairman Shelley Moore Capito (R-WV) said the bills discussed at today’s hearing represent “a continuation of this co...
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Chairman Hensarling Once Again Calls on FSOC to “Cease and Desist” Too-Big-To-Fail Designations Until Questions Are Answered
May 20, 2014
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WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on the Financial Stability Oversight Council: CLICK HERE TO WATCH The committee’s hearing today is on the Financial Stability Oversight Council—wh...
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Flashback Friday: Project Director’s Video Comments Air Privacy Concerns Surrounding Federal Mortgage Database
May 16, 2014
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“It is easy reverse engineer and identify the people in our database.” “At present we are allowed to have any federal employee gain access” to the database. House Financial Services Committee Chairman Jeb Hensarling and Senate Banking Committee Ranking Member Mike Crapo this week sent a letter to th...
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Chairman Hensarling’s Statement on Senate Banking Committee Action
May 15, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today in response to the Senate Banking Committee’s markup of S. 1217, the Housing Finance Reform and Taxpayer Protection Act: "It is always good to see members of Congress working to move the complica...
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Financial Services Committee Schedule for Week of May 19
May 15, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 19. Tuesday, May 20, at 10:00 AM: A full committee hearing to examine the Financial Stability Oversight Council’s (FSOC) designation process for deeming banks and non-bank f...
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CFPB Officials Subpoenaed to Testify About Discrimination, Retaliation Claims
May 13, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee has subpoenaed two CFPB officials and a union representative to appear before the Subcommittee on Oversight and Investigations on May 21. The subcommittee is conducting an ongoing investigation into alleg...
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5-11-14 | Weekly Video Message: Rep. Mick Mulvaney on Jobs Download
May 12, 2014
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CLICK HERE TO WATCH Last week, the Financial Services Committee met to take up a number of strategies designed to spur job growth. Watch Rep. Mick Mulvaney (Twitter|Facebook) discuss those ideas and more in this week's FSC Video Message.
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