The Subcommittee on Financial Institutions and Consumer Credit held a hearing today to discuss two legislative proposals, the “Data Acquisition and Technology Accountability and Security Act” and the “Promoting Responsible Oversight of Transaction and Examinations of Credit Technology (PROTECT) Act of 2017.” These important bills – sponsored by Representatives Blaine Luetkemeyer (R-MO)… Read more »
The Housing and Insurance Subcommittee met today to review H.R. 5059, the State Insurance Regulation Preservation Act. Introduced on February 15, 2018 by Representatives Keith Rothfus and Joyce Beatty, the bill would amend the Home Owners’ Loan Act with respect to the registration and supervision of insurance savings and loan holding companies (SLHC).
“This hearing was held to review… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the resignation of White House National Economic Council Director Gary Cohn:
"Gary Cohn has been a strong voice for free markets and one that will be missed. His hard work on many of the Administration's biggest pro-growth policy initiatives – particularly tax reform… Read more »
WASHINGTON – Today, the House of Representatives passed four bipartisan bills from the Financial Services Committee, including legislation to address the burden that unnecessary, duplicative, and outdated regulations have imposed on our community financial institutions.
“I’m pleased to see these wide-ranging financial services bills pass the House of Representatives today,” said… Read more »
WASHINGTON – Today, 38 Senators and 75 Representatives, led by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), filed an amicus brief in support of Acting Director Mulvaney and the President’s authority to designate an Acting Director of the Consumer Financial Protection Bureau (CFPB) under the Federal… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 5:
Tuesday, March 6, 2018 at 10:00 AM – The House Financial Services Committee will hold a markup to adopt its views and estimates for the Fiscal Year 2019 Budget Resolution.
Wednesday, March 7, 2018 at 10:00 AM – The Housing and Insurance Subcommittee will hold… Read more »
Today the House voted 245-169 to pass a bill that addresses the burden that unnecessary operational capital requirements have imposed on financial institutions.
H.R. 4296 utilizes a methods-based approach to modify operational capital standards while also ensuring strong and healthy financial institutions and, in turn, a stronger economy. Sponsored by Subcommittee on Financial… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy:
Notwithstanding the greatest monetary and fiscal stimulus in our nation’s history, the economy has limped along for eight years averaging only 1.6% GDP growth,… Read more »
WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that, due to changes to the House schedule, Federal Reserve Chairman Jerome Powell will now appear before the Committee on Tuesday, February 27 at 10 a.m. ET to deliver the Federal Reserve’s semi-annual Monetary Policy Report to Congress and to discuss the state of the economy. This is a change from… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement about the Treasury Department’s report to the President on Orderly Liquidation Authority:
Although I have been pleased or even excited about Treasury’s previous reports, this one disappoints. In his February 2017 Executive Order entitled Core Principles for Regulating the United States… Read more »
