Eight years ago, the nation experienced the worst financial crisis in 80 years, which cost millions of Americans their savings, their homes, and their jobs. The response – one that was well-intended, but overly broad -- expanded the federal government’s footprint in our lives and inadvertently left us more vulnerable to the next crisis.
Since the passage of the Dodd-Frank Act in 2010,… Read more »
The economic downturn in 2008 cost Michiganians their jobs, families their savings, and some even their homes. In response to this seismic event, Democrats in Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. According to its supporters, Dodd-Frank was a panacea of regulatory solutions that would end “too big to fail” and… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 24:
Wednesday, April 26 at 10:00 A.M. – As announced by the Chairman earlier in the week, the Committee will hold a hearing to discuss the Financial CHOICE Act of 2017. More information on the bill, including text of the discussion draft, is available at… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments after President Trump today took action to stop regulators’ ability to designate companies “too big to fail” and the use of the Dodd-Frank Act’s bailout authority pending reviews by the Department of the Treasury:
“Democrats promised the American people that Dodd-Frank would end ‘too big to fail’ and… Read more »
April 20, 2017
CNBC
Former Federal Reserve Chairman Alan Greenspan told CNBC on Thursday the prospect of getting rid of the Dodd-Frank banking regulations has been a driver of higher stocks and would continue to be.
"If you get rid of Dodd-Frank, it's going to have a very significant positive impact on the economy," he said on "Squawk on… Read more »
By David B. Rivkin Jr. and Andrew M. Grossman
Wall Street Journal
The greatest mystery in Washington involves not Russian spies or wiretaps but Richard Cordray’s continued employment as director of the Consumer Financial Protection Bureau. In the face of President Trump’s mandate for change, Mr. Cordray continues the Obama administration’s regulatory crusade against lenders, blocking… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that the Committee will hold a hearing to discuss the Financial CHOICE Act on Wednesday, April 26 at 10:00 a.m.
“Republicans are eager to work with the President to end and replace the Dodd-Frank mistake with the Financial CHOICE Act because it holds Wall Street and Washington accountable, ends… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on President Trump's nominations to the Export-Import Bank:
"While Ex-Im's subsidies to foreign competitors continue to threaten free enterprise here at home, I can think of no one more qualified than Scott Garrett and Spencer Bachus to steer the institution towards reform. Having worked with… Read more »
For seven years now, the Dodd-Frank Act has stifled the American Dream — for half of the country.
Let me explain.
After the 2008 financial crisis, the economy was in dire straits. Washington responded with the Dodd-Frank Act, a sweeping overhaul of the American financial regulatory system, implementing the strongest regulations seen since FDR's New Deal.
Since 2008, some of America's… Read more »
