News List

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson: As we all know, HUD was established almost 50 years ago. When it was established, President Johnson said it was essential to the war on poverty, but unfortunately, 50… Read more »

The House of Representatives today passed the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) by a strong bipartisan vote of 400-2. “This bill is a comprehensive reform of the Committee on Foreign Investment in the United States (CFIUS) - the first update of its kind in over a decade. CFIUS is authorized to review foreign investment transactions that may threaten our… Read more »

The Housing and Insurance Subcommittee met today to examine how the U.S. Department of Housing and Urban Development’s (HUD) programs manage and remedy unsafe living conditions caused by lead-based paint and mold for many individuals and families living in public and subsidized housing. “This hearing was essential to gain valuable insight on how best to use both the private and public… Read more »

The Subcommittee on Financial Institutions and Consumer Credit met today to examine the key drivers of de-risking, the practice of financial institutions terminating relationships deemed “high risk” clients in an effort to minimize compliance risk exposure. High risk entities include many legitimate businesses such as non-profit organizations, payday lenders, and firearms… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on today’s federal court ruling that the structure of the Bureau of Consumer Financial Protection (Bureau) is unconstitutional: Today is a good day for democracy, economic freedom, due process, and the Constitution.  The District Court for the Southern District of New York has… Read more »

This week, the Financial Services Committee approved three bills aimed at improving capital markets and increasing opportunities for Main Street investors. “If we want to truly sustain long-term 3% economic growth then we must find ways to reduce regulatory burdens on our capital markets, which are vital to job creation and innovation,” said Committee Chairman Jeb Hensarling (R-TX).… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today applauding a Supreme Court ruling which found that the Securities and Exchange Commission’s (SEC) use of in-house administrative law judges (ALJs) unconstitutional. “Today’s ruling is a victory for the rule of law and due process. Chairman Clayton had already started to move the SEC… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Securities and Exchange Commission (SEC) Chairman Jay Clayton: I think we all know that the SEC has a well-established three part mission, to include investor protection, the maintenance of fair, orderly, and efficient markets, and the promotion of… Read more »

The Subcommittee on Terrorism and Illicit Finance met today to examine the problems law enforcement agencies encounter in their efforts to address the illicit funding potential of virtual currencies (VCs). “Today’s hearing was an excellent opportunity to learn more about the illicit use of virtual currencies and what we can do to combat the abuse of virtual currencies on Dark Web… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine how tax reform and regulatory relief are empowering the economy: Tomorrow marks the six month anniversary of the Tax Cuts & Jobs Act, and throughout the economy we have seen incredible good news that has made a great difference in the… Read more »