News List

Financial Services Committee Jeb Hensarling (R-TX) released the following statement after the Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) issued a report on the potential management and performance challenges of 2019: “As was demonstrated at the Committee’s hearing on September 27 with FHFA Director Mel Watt and FHFA’s Inspector General, this country’s… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement after the Financial Stability Oversight Council (FSOC) de-designated Prudential Financial Inc. as a Systemically Important Financial Institution (SIFI): “I’m pleased to see FSOC finally acknowledge that there needs to be an off-ramp from Dodd-Frank Act’s permanent and cumbersome control over… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that Shannon McGahn, the committee’s Staff Director, will be departing the committee in the coming weeks. “Shannon has been by my side as a trusted advisor and friend throughout some of the most pivotal moments of my career. Her leadership and strategic counsel have been invaluable to this… Read more »

The Subcommittee on Financial Institutions and Consumer Credit met today to examine new opportunities for technological innovation to develop new products and services consumers across the financial lobe need. “The pace of technological development in financial services has increased exponentially and dramatically, offering both benefits and potential challenges to the U.S. economy and… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine the Federal Housing Finance Agency’s (FHFA) role as conservator and regulator of the Government Sponsored Enterprises. Ten years ago, at the time of the financial crisis, Fannie and Freddie were thinly capitalized, they bought loans for as… Read more »

The House of Representatives passed eight bipartisan bills from the Financial Services Committee this week. “I’m proud of the work put forward by committee members on both sides of the aisle to improve our financial system so it can handle the challenges of tomorrow,” said Financial Services Committee Chairman Jeb Hensarling (R-TX). “From safeguarding financial institutions from abuse by… Read more »

The Monetary Policy and Trade Subcommittee held a hearing today to examine the Administration’s use of economic sanctions to achieve foreign policy objectives with respect to Iran, North Korea, Russia, and other countries of strategic importance. “Today’s hearing focused on the effectiveness of U.S. sanctions, while emphasizing the importance of applying maximum pressure on certain rogue… Read more »

The Subcommittee on Capital Markets, Securities, and Investments held a hearing today to examine the mission, operations, and activities of the SEC’s Division of Investment Management to ensure it is conducting itself consistently with the SEC’s tri-fold mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. “Hardworking families in… Read more »

The Housing and Insurance Subcommittee met today to examine the Department of Housing and Urban Development’s (HUD) oversight of the Alexander County Housing Authority located in Cairo, Illinois.    “Today’s hearing was essential to help get to the bottom of the Alexander County Housing Authority’s (ACHA) troubling role in allowing living conditions in both the Elmwood and… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on today’s action by the SEC’s Division of Investment Management to withdraw the 2004 letters issued by staff to Egan-Jones Proxy Services and Institutional Shareholder Services, Inc. This action comes ahead of the SEC’s Roundtable on the U.S. proxy process to enhance our capital markets and… Read more »