News List

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after FEMA announced it will likely need Congress to increase the borrowing authority of the National Flood Insurance Program: “For the victims who paid for flood insurance policies with the National Flood Insurance Program, their claims need to be paid and paid now.  Helping… Read more »

The Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Monetary Policy and Trade held a joint hearing today that examined the relationship between prudential regulation and monetary policy at the Federal Reserve. The main goal of the hearing was to determine whether these responsibilities complement or conflict with each other, and how they might be… Read more »

The Subcommittee on Capital Markets, Securities, and Investment held a hearing yesterday to provide oversight of the Financial Industry Regulatory Authority (FINRA), including its activities and policies as an independent, not-for-profit organization authorized by Congress to act as a self-regulatory organization (SRO) over the U.S. securities industry.  “As the primary regulatory… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) said his committee will hold a hearing on the Equifax data breach that has potentially compromised the personal information of roughly 143 million Americans. “This is obviously a very serious and very troubling situation and our committee has already begun preparations for a hearing.  Large-scale security breaches are… Read more »

The Financial Institutions and Consumer Credit Subcommittee met today to examine several pieces of legislation aimed at improving the regulatory environment in order to boost economic growth. “The legislation discussed in the Subcommittee today will better allow financial companies to serve their customers,” said Chairman Blaine Luetkemeyer (R-MO). “From banks and credit unions to… Read more »

The Terrorism and Illicit Finance Subcommittee held a hearing today to analyze strategies to combat financial backing of lone-wolf and small-scale terrorist attacks. “Efforts to combat terrorist financing have traditionally focused on large scale funding sources; however, small-scale and lone-wolf style attacks have become more common and require significantly less funding,” said… Read more »

By Jeb Hensarling September 5, 2017 The destruction caused by Hurricane Harvey is unlike anything my home state has ever experienced. As long as I live, I'll never forget those images of elderly women waiting in waist-deep water to be rescued. I'll never forget the images of children clinging to their mothers as they waded through flooded streets. No one with a heart could look upon this… Read more »

Aug. 30, 2017 LINK Congress must be generous in helping to repair the damage, to lives and to property, from Hurricane Harvey. The full extent of the destruction may not be known for a long time but is evidently catastrophic, just as the damage wrought by Katrina and Sandy was. Even as they demonstrate that they have a heart, lawmakers must also show that they have some brains.… Read more »

By James Freeman Aug. 4, 2017 Republican staff of the House Financial Services Committee have completed a legal analysis concluding there is sufficient basis for Congress to initiate contempt proceedings against Consumer Financial Protection Bureau Director Richard Cordray. The staff report, which may be released as soon as this afternoon, describes how Mr. Cordray has defied a… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Steven Mnuchin on the State of the International Financial System: This morning the Committee welcomes Treasury Secretary Steven Mnuchin for his testimony on the State of the International Financial System. As we all know,… Read more »