News List

  • Weekend Must Reads
    Jun 9, 2013 - Wall Street Journal: The Hidden Jobless Disaster At the present slow pace of job growth, it will require more than a decade to get back to full employment defined by pre-recession standards. Bloomberg: Can the Fed Make Up Its Mind on QE? When the Federal Reserve first introduced its either/or stance... More
  • Hearing Examines Role of Proxy Advisory Firms
    Jun 5, 2013 - The Capital Markets and Government Sponsored Enterprises Subcommittee today examined the role proxy advisory firms play in corporate governance and what can be done to reduce the complexity and increase transparency of the proxy system. Proxy advisory firms are frequently hired by institutional inv... More
  • Media Buzz: FSOC Designates Non-Bank Financial Institutions as 'Too Big to Fail'
    Jun 4, 2013 - Yesterday the Financial Stability Oversight Council (FSOC) put hardworking taxpayers at greater risk of being forced to fund yet another Wall Street bailout. Under their Dodd-Frank authority, the FSOC took preliminary steps to designate several non-bank financial institutions, including AIG, Prudent... More
  • Weekly Rundown
    Jun 3, 2013 - On Wednesday the Capital Markets & GSEs Subcommittee will hold our only scheduled hearing for the week examining the market power and impact of proxy advisory firms. But don’t get too comfortable. Next week we’ve scheduled four hearings, including a full committee hearing on alternative housing fin... More
  • Chairman Hensarling Comments on Designation of ‘Too Big to Fail’ Institutions
    Jun 3, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the decision by the Financial Stability Oversight Council to designate certain non-bank financial firms as “too big to fail”: “Today, all because of the Dodd-Frank Act, hardworking taxpayers are at g... More
  • Chairman Hensarling Announces Upcoming Committee Schedule
    May 31, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the first half of June. The committee’s schedule is tentative and will depend upon witness availability and other factors that may require changes. Therefore, each meeting will become fin... More
  • Chairman Hensarling Opposes Obama Administration Decision to Extend Failed HAMP
    May 30, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) expressed his strong opposition to President Obama’s decision to extend the Home Affordable Modification Program (HAMP), a failed and costly program that has been shown to actually hurt struggling homeowners. “This decision solidifies the ... More
  • Weekend Must Reads
    May 26, 2013 - Phil Gramm and Steve McMillin: The Debt Problem Hasn’t Vanished President Obama has raised the national debt by nearly $6.2 trillion, the equivalent of $78,385 per family of four. It is true that projected deficits recently have been reduced…But unless the economy soars, or a significant budget agre... More
  • Obama Treasury Secretary: ‘We are overachieving on deficit reduction’
    May 23, 2013 - During the first term of the Obama administration, our nation racked up four straight years of trillion dollar-plus deficits and as much debt as was accumulated in our first 200 years. Under President Obama, our national debt has increased by more than $6 trillion – the largest increase under any pr... More
  • Hearing Examines Legislative Proposals to Help Relieve Regulatory Burden on Investors & Job Creators
    May 23, 2013 - Today the House Financial Services Capital Markets Subcommittee examined legislative proposals to help relieve the federal regulatory burden on investors and job creators. The Dodd-Frank Act passed in 2010 adds more than 400 new regulations -- on top of existing regulations -- to our economy, invest... More