Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on the 10th anniversary of the federal government’s takeover of Fannie Mae and Freddie Mac, the failed government-sponsored housing enterprises (GSEs). During his remarks, Hensarling detailed his bipartisan plan to reform our broken housing finance… Read more »
September 6, 2018
This is a not-so-happy anniversary in American history. Ten years ago Thursday, the federal government took over Fannie Mae and Freddie Mac , the failed government-sponsored housing enterprises that were at the center of the last financial crisis.
Leading up to… Read more »
The Monetary Policy and Trade Subcommittee held a hearing today to evaluate the operations of both the U.S. Mint and the Bureau of Engraving and Printing (BEP) and their role in producing U.S. currency, both now and in the future.
“It is the responsibility of Congress to provide oversight of the U.S. Bureau of Engraving and Printing and the U.S. Mint. With new and disruptive products… Read more »
The Housing and Insurance Subcommittee met today to examine the various federal, state and local regulations and policies that affect affordable multifamily housing development.
“Today’s hearing was essential in order to determine the costs of regulation, and barriers preventing affordable multifamily housing development. The lack of development is especially concerning because while we… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon attending a roundtable discussion at the White House on the Foreign Investment Risk Review Modernization Act (FIRRMA). The bill, which was signed into law by President Trump as a part of the John S. McCain National Defense Authorization Act for Fiscal Year 2019, represents the first… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement in response to President Trump’s call for the SEC to study the impact of reporting requirements on American companies.
“I applaud the President’s continued efforts to evaluate the impact and cost of federal regulation on American businesses and entrepreneurs. In order to sustain 3%… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Ann Wagner (R-MO) announced today that the Committee plans to hold a hearing no later than Thursday, September 27, 2018 as a part of its ongoing investigations into various allegations of waste, fraud and abuse at the Federal Housing Finance Administration… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon passage of the conference report to the “John S. McCain National Defense Authorization Act (H.R. 5515).” Hensarling was a House conferee with jurisdiction over the Foreign Investment Risk Review Modernization Act (FIRRMA), which reforms the Committee on Foreign Investment in the United… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following speech on the House floor today during debate on a bill to extend the National Flood Insurance Program (NFIP) without any reforms to the program:
Mr. Speaker, I come to the floor today to do something I do not often do, and that is I have asked… Read more »
Today, the Financial Services Committee approved seven important pieces of legislation to safeguard our financial system and improve access for all Americans to financial services and products.
“Today, we meet to consider seven important bills… to help the lives of every day Americans and help protect our financial system,” said Committee Chairman Jeb Hensarling (R-TX) in his opening… Read more »
