The Financial Institutions and Consumer Credit Subcommittee held a hearing today to examine the federal government’s anti-money laundering (AML) efforts under the Bank Secrecy Act (BSA). The primary focus of the hearing was to understand compliance challenges facing financial institutions, including compliance trends, the effectiveness of current reporting requirements, and opportunities… Read more »
WASHINGTON – The Monetary Policy and Trade Subcommittee held a hearing today to evaluate how Federal Reserve policies are adversely affecting households, small businesses, savers, and retirees, and consider policy opportunities that the Federal Reserve could implement to improve economic opportunities for all.
“If monetary policy does not work, then our economy cannot work. This concern… Read more »
WASHINGTON – The Terrorism and Illicit Finance Subcommittee held a hearing today to examine the best ways to counter the plunder and sale of priceless cultural antiquities and art by terrorists and criminal enterprises.
“During times of conflict we see an increased interest in the theft, fraud, looting, and trafficking of priceless religious and cultural sites for artifacts and other… Read more »
The House Financial Services Committee met today to complete deliberation of and pass several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September, 30, 2017.
“While we have a responsibility to provide certainty to the homeowners and small business owners who rely on the NFIP for protection, we must also ensure that the… Read more »
The House Financial Services Committee met today to begin consideration of several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September 30, 2017.
“We cannot continue to call on the American taxpayer to bailout a program that is currently drowning in $25 billion of red ink and suffers a $1.4 billion annual actuarial… Read more »
Originally Published in the My Atlanta Journal-Constitution
By Star Parker
The House just passed the Financial CHOICE Act, which enacts major reforms to the Dodd-Frank Act, signed into law by President Obama in 2010.
The 2,300-page Dodd-Frank Act was passed to fix what supposedly was broken in our financial system that led to the massive financial collapse in 2007.
The potential… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement today about the seven bills the committee is considering related to the National Flood Insurance Program:
There are so many important voices in our debate today on the reauthorization of the National Flood Insurance Program. Certainly the homeowners who have relied on this… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the Financial CHOICE Act, issued the following statement on the Treasury Department’s first report to President Trump on how to improve the U.S. financial regulatory system:
“President Trump promised that his administration would ‘dismantle Dodd-Frank’ because of all the economic harm it causes hardworking… Read more »
By Zachary Warmbrodt
Politico Pro
Rep. Jeb Hensarling is on the verge of winning one of his biggest legislative victories, with House Republicans on Thursday expected to pass a sweeping bill to replace major banking regulations enacted after the financial crisis.
To get there, the Financial Services chairman has risked alienating big banks, angered leading… Read more »
The House on Thursday passed the Financial CHOICE Act, legislation to overhaul and replace the failed Dodd-Frank Act that has contributed to the worst economic recovery of the last 70 years.
“Every promise of Dodd-Frank has been broken,” said Financial Services Committee Chairman Jeb Hensarling (R-TX), as he read letters from Americans about how they were declined home, automobile and… Read more »
