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Witnesses Testify Export-Import Bank Tilts Playing Field Against U.S. Workers

| Posted in Press Releases

Witnesses appearing before the House Financial Services Committee today at a hearing on the Export-Import Bank are testifying that Ex-Im harms some American jobs, tilts the playing field against some U.S. companies and has problems with corruption. Excerpts from their submitted testimony are below: Corruption, Bribes “We found Ex-Im Bank’s risk assessment for FY 2014 reporting…

Editorial: Congress should let Ex-Im charter expire

| Posted in In Case You Missed It

    By Dallas Morning News Editorial Board June 1, 2015 Congress returns to its business facing a question that manifestly affects our business: How much should the federal government jam a meaty thumb onto the scale and favor one company over another? This is what the Export-Import Bank of the United States…

ICYMI: $25,887,000,000,000

| Posted in In Case You Missed It

  By Wall Street Journal Editorial Board May 25, 2015 LINK TO STORY The Federal Reserve Bank of Richmond has again done the public service of toting up all the implied and explicit government guarantees backing the U.S. financial system. Are you sitting down? Richmond Fed researchers find that as of the end of 2013 taxpayers were standing behind nearly $26 trillion of financial…

FSC Majority | Week in Review

| Posted in Member Corner

Committee Passes 13 Jobs Bills The committee passed 13 bills on Wednesday to help Main Street businesses gain access to the capital they need to grow and create jobs.  "We still have millions and millions of our fellow countrymen, hardworking moderate-income taxpayers, who find themselves with stagnant to lower paychecks; bank accounts that are less than before the great economic…

Federal Reserve Subpoenaed Over Leak

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued a subpoena today to the Federal Reserve for its failure to comply with document requests from the committee for information concerning the leak of market-sensitive Fed deliberations to a private financial newsletter. Chairman Hensarling made the following statement today: “This leak is another troubling example of the…

Hensarling Highlights Real Help for Small Businesses

| Posted in Press Releases

  CLICK HERE TO WATCH Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup where the committee will consider a number of overwhelmingly bipartisan bills to help small businesses access the capital they need to grow the economy…

Committee Approves Bipartisan Jobs Bills

| Posted in Press Releases

As small businesses continue to be mired in the longest, slowest recovery in the post-war era, the Financial Services Committee today approved 13 bills that will help Main Street businesses access the capital they need to grow the economy and create jobs. True, sustainable economic growth that increases paychecks and creates opportunity for all comes from Main Street, not…

Subcommittee Examines the Rural Housing Service

| Posted in Press Releases

  The Financial Services Housing and Insurance Subcommittee held an oversight hearing on Tuesday to examine the performance, challenges and budget priorities of the Rural Housing Service (RHS). “Today’s hearing will allow those concerned with the future of housing, members of this subcommittee and people across rural America, to better…

Hensarling: What Kind of Economy Are You Looking For?

| Posted in Press Releases

  Financial Services Committee Chairman Jeb Hensarling (R-TX) joined several other conservative House members and Sen. Mike Lee (R-UT) at a news conference on Tuesday to call for an end to the Export-Import Bank. Noting that business organizations in Washington appear to be…

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