House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement concerning the Financial CHOICE Act and consumer protections for service members:
“True consumer protection comes from competitive, transparent and innovative markets that are vigorously policed for fraud. That’s what the Financial CHOICE Act is all about. The Financial CHOICE Act… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) joined MSNBC’s Morning Joe and CNBC’s Squawk Box to discuss the Financial CHOICE Act – a bill to end taxpayer-funded bailouts of Wall Street banks and create more opportunities for Americans on Main Street.
On the CFPB:
"The best form of consumer protection is competitive, innovative, transparent… Read more »
The House will consider legislation next week to end bank bailouts, promote economic growth and provide desperately needed regulatory relief for community banks and credit unions.
The bill – H.R. 10, the Financial CHOICE Act – is the Republican alternative to the failed Dodd-Frank Act which has contributed to the slowest economic recovery since World War II.
“The Financial CHOICE Act… Read more »
When I talk to constituents in western Pennsylvania, I hear a common concern: some in this country are thriving and getting ahead, but many believe the American dream is moving further from their reach. Big businesses, the wealthy and well-connected are doing fine, while millions of hard-working Americans – mom-and-pop business owners and those on Main Street – face one barrier after… Read more »
Congress will soon vote on a plan to significantly overhaul the 2010 financial control law commonly known as the Dodd-Frank Act.
This is great news for jobs and growth in Kentucky. In the nearly seven years since enactment of the 2,300-page Dodd-Frank law, roughly one in five Kentucky credit unions and community banks has closed its doors.
Nationwide, more than 43 percent of… Read more »
5/22/2017
There wasn't a single Republican in the room on April 28, but Wall Street was well represented.
House Democrats had gathered inside the Financial Services Committee for a special minority hearing to discuss the dangers of rolling back the Dodd-Frank Act's sweeping regulations. Instead of bankers or traders or regulators, Democrats called none other than Sen. Elizabeth Warren… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding today’s decision by the Department of Labor on the controversial fiduciary rule:
“I was there in the Oval Office when President Trump signed his Presidential Memorandum on the Obama administration’s fiduciary rule. I don’t see how the Department of Labor’s decision is… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on President Trump's Fiscal Year 2018 budget proposal:
“The higher taxes, spending and borrowing that were the pillars of Obamanomics brought us the weakest economic recovery in our lifetimes, stagnant paychecks and more new debt than nearly all other presidents combined. Left unchecked,… Read more »
The non-partisan, independent Congressional Budget Office (CBO) exposed the Democrats’ top talking point against the Financial CHOICE Act for the lie it is.
“Democrats have sought to portray the legislation as a giveaway to big banks,” the Washington Examiner notes, yet the CBO reports that “the biggest U.S. banks likely would not get relief from the new banking rules in the legislation.”… Read more »
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 »
