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Improving the Housing Choice Voucher Program

| Posted in Press Releases

The Housing and Insurance Subcommittee met today to review the Housing Choice Voucher Program and three legislative proposals that would improve mobility among families, foster kids and individuals recovering from opioid addiction within the program. The proposals are as follows: H.R. __, the “Housing Choice Voucher Mobility Demonstration Act of 2018,” would authorize the…

Hensarling Delivers Remarks on Bill to Improve Capital Markets

| Posted in Press Releases

Today, the House voted to pass H.R. 4790, the Volcker Rule Regulatory Harmonization Act with strong, bipartisan support 300-104. Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks on the floor, outlining out the bill would improve capital markets, which are vital to job creation and innovation: Mr. Speaker, another day, another strong. bipartisan…

Subcommittee Examines Proposed CFIUS Legislation

| Posted in Press Releases

The Monetary Policy and Trade Subcommittee met today to discuss proposed legislation that would update the operations of the multi-agency panel known as the Committee on Foreign Investment in the United States (CFIUS). The proposed bill, H.R. 4311, the “Foreign Investment Risk Review Modernization Act of 2017 (FIRRMA),” would expand CFIUS’s jurisdiction to include certain outbound…

Holding the FHFA Accountable

| Posted in Press Releases

The Oversight and Investigations Subcommittee met today to hear from the Inspector General for the Federal Housing Finance Agency (FHFA) about the Agency’s performance as both the regulator of the housing government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, as well as the manager of their day-to-day business activities through the ongoing conservatorships of Fannie Mae and…

Two More Bipartisan Financial Services Bills Pass House

| Posted in Press Releases

WASHINGTON – Today, the House of Representatives passed two more bipartisan bills from the Financial Services Committee that improve stress test requirements for banks and reform the designation process for nonbank financial institutions. “At the end of the day, it’s not really the banks that are the subject of these regulations. At the end of the day, it’s their customers,” said…

ICYMI: Will the House’s “Must Haves” Make It Into Financial Reform?

| Posted in In Case You Missed It

By Norbert Michel, Contributor March 26, 2018 The Independent Community Bankers of America is very close to securing a victory for its members. Just one thing is keeping the Senate-passed Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155) from sailing to the White House for President Trump’s signature: The…

Hensarling Announces Dates for Mulvaney, Quarles Hearings

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the dates of two upcoming full committee hearings required by federal statute: Wednesday, April 11 at 10:00 A.M. – Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney will appear before the full committee to provide testimony on the Bureau’s semi-annual report as required by Section 1016 of…

Hensarling applauds inclusion of important pro-growth reform measures in omnibus

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) highlighted the inclusion of two important committee measures in the omnibus spending package, which is expected to be passed by the House and Senate today. “Both of these bills are important, pro-growth, bipartisan pieces of legislation that will help our small businesses access the capital they need to expand and create…