By Joseph Lawler
Megabanks would not be interested in the deal that House Republicans are offering them, Congress' in-house budget experts concluded in a report issued Thursday evening.
House Republicans have advanced a bill, the Financial Choice Act, that would offer banks the option to get out of many of the new rules implemented in the wake of the 2008 financial crisis on the… Read more »
WASHINGTON – The non-partisan, independent Congressional Budget Office (CBO) reports that the Financial CHOICE Act (H.R. 10) will slash the federal budget deficit by $24.1 billion over the next 10 years.
In addition, the CBO estimates that community banks and credit unions will be the overwhelming beneficiaries of the Financial CHOICE Act as few, if any, of the nation’s… Read more »
The Monetary Policy and Trade Subcommittee held a hearing on Thursday to evaluate lessons from the International Monetary Fund's (IMF) bailout of Greece in 2010 and 2012.
“With Greece’s economy again officially in recession and discussions underway for a third IMF bailout, it is clear from today’s hearing that the IMF’s past efforts to save Greece from insolvency have been unsuccessful… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about CFPB Director Richard Cordray’s decision to attend House Democrats’ weekly caucus meeting today:
“Everyone knows Mr. Cordray will likely leave the CFPB soon and pursue political office in Ohio again, but his attendance at what amounts to nothing more than a Democrat pep rally shows just… Read more »
*Note: This was written in response to a column that appeared recently in the New York Times. The Chairman's response was submitted to the newspaper, which refuses to publish it.
By Jeb Hensarling
Far from ending bailouts, the Dodd-Frank Act institutionalized them and made them a permanent fixture of the regulatory toolkit. Dodd-Frank’s “Orderly Liquidation Authority” enables… Read more »
Legislation to end bank bailouts, toughen penalties for wrongdoing on Wall Street, promote economic growth, and provide desperately needed regulatory relief for small community banks and credit unions passed the House Financial Services Committee 34-26 today.
The legislation – the Financial CHOICE Act – ends the Dodd-Frank Act’s taxpayer-funded bailouts of… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s markup of H.R. 10, the Financial CHOICE Act of 2017. The Financial CHOICE Act is the Republican alternative to the failed Dodd-Frank Act. The Financial CHOICE Act ends taxpayer-funded bailouts for banks, holds Washington and Wall Street… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) joined Maria Bartiromo on Fox News to discuss the Republican plan to end bailouts and create economic opportunity for all Americans.
On the Dodd-Frank mistake:
"They promised us it would lift the economy, instead we're mired in the slowest, weakest recovery in the post-war era. They said it would end… Read more »
The House on Monday passed three financial services bills with overwhelming bipartisan support.
H.R. 910, the ‘‘Fair Access to Investment Research Act of 2017”
Reps. French Hill (R-AR) and Bill Foster (D-IL) introduced H.R. 910, which directs the Securities and Exchange Commission (SEC) to provide a safe harbor for research reports that cover Exchange Traded Funds (ETFs) so… Read more »
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today in response to Democrats’ “Minority Hearing Day”:
"Barack Obama is pocketing $400,000 for a Wall Street speech and Professor Warren is joining Wall Street CEOs in defending Dodd-Frank. How awkward for the Democrats. The Financial CHOICE Act ends bailouts for Wall Street… Read more »
