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… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at a hearing with the Bureau of Consumer Financial Protection (CFPB) Acting Director Mick Mulvaney:
This morning, we welcome home Mick Mulvaney, a highly respected former member of this very Committee, the Director of the OMB, and the… Read more »
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… Read more »
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… Read more »
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… Read more »
This week, the Financial Services Committee approved eight bills, bringing the total number of bills reported out of the Committee this Congress to 99.
"These eight important measures continue the Committee's efforts to ensure that hardworking Americans have access to credit; to ensure that the regulatory burden does not fall disproportionately on our smaller banks and credit unions; and… Read more »
The Subcommittee on Terrorism and Illicit Finance met today to examine transnational criminal organizations (TCOs) and their relationship to terrorist organizations, the international economy, and the US national defense.
“Transnational criminal organizations operate on a global scale, crossing international boundaries to further their pursuit of power, influence, and profits. TCO’s are… Read more »
On Wednesday, the House voted to pass H.R. 4566, the Alleviating Stress Test Burdens to Help Investors Act, with bipartisan support 395-19.
Introduced by Representative Bruce Poliquin (R-ME), H.R. 4566 amends one-size fits all, bank-centric capital-based stress testing requirements for nonbanks, such as mutual funds. More than 55% of American households use mutual fund investments to… Read more »
The Art of a Banking Compromise
On fixing Dodd-Frank, the House shouldn't be a potted plant.
By The Editorial Board
March 16, 2018
After passing a bipartisan banking bill 67-31 that would remedy some of the Dodd-Frank Act’s flaws, many Senators want to call it a wrap. But Congress is a bicameral legislature, and the House deserves an… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement in response to the decision by the Fifth Circuit Court of Appeals in Chamber of Commerce of the USA, et. al vs. US Department of Labor, vacating the Fiduciary Rule.
“Yesterday was a good day for hardworking Americans – especially low and moderate income Americans who rely upon… Read more »
