Legislation to end bank bailouts, toughen penalties for wrongdoing on Wall Street, promote economic growth, and provide desperately needed regulatory relief for small community banks and credit unions passed the House Financial Services Committee 34-26 today.
The legislation – the Financial CHOICE Act – ends the Dodd-Frank Act’s taxpayer-funded bailouts of… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s markup of H.R. 10, the Financial CHOICE Act of 2017. The Financial CHOICE Act is the Republican alternative to the failed Dodd-Frank Act. The Financial CHOICE Act ends taxpayer-funded bailouts for banks, holds Washington and Wall Street… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) joined Maria Bartiromo on Fox News to discuss the Republican plan to end bailouts and create economic opportunity for all Americans.
On the Dodd-Frank mistake:
"They promised us it would lift the economy, instead we're mired in the slowest, weakest recovery in the post-war era. They said it would end… Read more »
The House on Monday passed three financial services bills with overwhelming bipartisan support.
H.R. 910, the ‘‘Fair Access to Investment Research Act of 2017”
Reps. French Hill (R-AR) and Bill Foster (D-IL) introduced H.R. 910, which directs the Securities and Exchange Commission (SEC) to provide a safe harbor for research reports that cover Exchange Traded Funds (ETFs) so… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today in response to Democrats’ “Minority Hearing Day”:
"Barack Obama is pocketing $400,000 for a Wall Street speech and Professor Warren is joining Wall Street CEOs in defending Dodd-Frank. How awkward for the Democrats. The Financial CHOICE Act ends bailouts for Wall Street… Read more »
When Democrats passed Dodd-Frank, they claimed it would "lift the economy." Instead Americans got the slowest, weakest recovery in 70 years. They promised it would end taxpayer-funded bailouts. Instead it enshrined bailouts into law. They promised it would make our system safer, but today the big banks are even bigger and America is losing one community bank or credit union a day.… Read more »
WASHINGTON – The Financial Services Subcommittee on Terrorism and Illicit Finance held a hearing Thursday to examine information sharing and data collection practices at the Financial Crimes Enforcement Network (FinCEN) and assess how the process and coordination could be improved.
“Today, most of us are very fortunate to have a more modern and secure means of storage for our… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today formally introduced the Financial CHOICE Act, the Republican alternative to the failed Dodd-Frank Act which has contributed to the slowest economic recovery since World War II.
The Financial CHOICE Act, H.R. 10, will end taxpayer-funded bailouts of large financial institutions; impose tougher penalties on those who commit… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s meeting to examine the Financial CHOICE Act, the Republican alternative to the failed Dodd-Frank Act:
It has been almost seven years since the passage of the Dodd-Frank Act. We were told it would lift our economy, but instead we are stuck in the slowest, weakest,… Read more »
Under the Obama Administration we saw the rise of imperial Washington, D.C., with the crushing weight of regulations from healthcare to energy to financial services harming small businesses and families from the coasts to the heartland. I hear it from my constituents each and every time I am in the grocery store in St. Louis or at Mass on Sundays – they're hurting, and they're hurting… Read more »
