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Week In Review

| Posted in Member Corner

On Wednesday, the full committee marked up several bills designed to grow the economy, create jobs, and relieve the regulatory burden for community financial institutions.  "We received some bad news recently that more than 800,000 Americans, almost a million, left the workforce last month alone. Many simply could not find a job to make ends meet, no matter how hard they tried. …

Chairman Hensarling Discusses Obama Administration’s Lack of Accountability, Transparency at Hearing with Treasury Secretary

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s committee hearing with Treasury Secretary Jacob Lew: Secretary Lew, we welcome you back to the committee. We all hope on the state of the international finance system, we trust your testimony will prove insightful and forthright. I would note on his very first day in…

Chairman Hensarling Calls on Secretary Lew to ‘Cease and Desist’ Too-Big-To-Fail Designations

| Posted in Press Releases

During a hearing with Treasury Secretary Jacob Lew on Thursday, House Financial Services Committee Chairman Jeb Hensarling (R-TX) said the Financial Stability Oversight Council (FSOC), which Secretary Lew chairs, “should cease and desist” from designating more financial firms as  “too big to fail” until there is an opportunity for greater congressional oversight of the council’s…

Chairman Hensarling Opening Statement at Full Committee Markup of Jobs Bills

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of several bills designed to help grow the economy, create jobs, and relieve the regulatory burden for community financial institutions: Today the Committee meets to consider a number of different bills to help relieve the burden of regulatory red…

Financial Services Committee Schedule for Week of May 5

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of May 5. Wednesday, May 7 at 10:00 am: The Financial Services Committee will hold a markup on legislation to enhance capital formation for small and emerging growth companies and provide regulatory relief for community financial institutions. In addition, the…

FSC Majority | Week in Review

| Posted in Member Corner

Committee Holds SEC Accountable On Tuesday, the full committee held an oversight hearing with SEC Chair Mary Jo White to discuss the Commission's agenda, operations, and 2015 budget.  "The SEC’s budget has grown substantially in recent years. In fact, the SEC’s budget has increased by 80 percent in the last 10 years and by nearly 300 percent since the year 2000. I again note that…

Media Buzz: On 20-0 Vote, Subpoenas Approved in Investigation of CFPB

| Posted in Member Corner

Republicans and Democrats on the House Financial Services Oversight and Investigations Subcommittee voted 20-0 to subpoena two CFPB officials and a union representative as part of its ongoing investigation into allegations of discrimination and retaliation at the Bureau. Wall Street Journal: House Panel Votes to Subpoena CFPB…

Subcommittee Subpoenas 3 in Investigation of Discrimination and Retaliation at CFPB

| Posted in Press Releases

The House Financial Services Oversight and Investigations Subcommittee today voted to subpoena two CFPB officials and a union representative as part of the subcommittee’s ongoing investigation into allegations of discrimination and retaliation at the Bureau. The CFPB and the National Treasury Employees Union (NTEU) did not allow the officials to appear as witnesses at a subcommittee…

Chairman Hensarling Issues Statement on Export-Import Bank’s Reauthorization Request

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today released the following statement on the Export-Import Bank’s official request to Congress for a 5 year reauthorization and increase in its lending cap.   “I have always believed that re-authorizing the Export-Import Bank is a bad idea. In many respects, it’s the face of cronyism.  So I was…

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