News List

House Financial Services Committee Chairman Jeb Hensarling (R-TX) was interviewed on Tuesday and Wednesday about the change in leadership at the Consumer Financial Protection Bureau (CFPB). Click on the images below to watch. “This is a last, desperate gasp of the previous director who came in under a legal cloud and he will go out under a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement upon the appointment of OMB Director Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau (CFPB): “I congratulate President Trump on appointing OMB Director Mulvaney as Acting Director of the CFPB. Mick is a close friend and a dedicated public servant - I… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement concerning Federal Reserve Chair Janet Yellen's decision to resign her seat on the Fed's Board of Governors once Jerome Powell replaces her as head of the nation's central bank: “Although we did not always agree on the Federal Reserve’s conduct of monetary policy, I have great respect for… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on Friday about the U.S. Treasury Department’s review of the Financial Stability Oversight Council’s designation processes. “I commend Secretary Mnuchin and Treasury Department staff on their thoughtful report to President Trump regarding the Financial Stability Oversight Council’s… Read more »

WASHINGTON – This week, the Financial Services Committee approved 23 bills largely aimed at ensuring that our economy is working for all working Americans.  Since January, the committee has approved 63 bills. As Chairman Hensarling (R-TX) said when the committee began considering the proposals on Tuesday, the bills “will increase investment opportunities for more Americans. … Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the House-passed Financial CHOICE Act, issued the following statement today in response to Richard Cordray's announcement that he will resign as head of the CFPB: “We are long overdue for new leadership at the CFPB, a rogue agency that has done more to hurt consumers than help them.  The… Read more »

The declining fiscal condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund represents “a clear and present danger to taxpayers, homebuyers and the U.S. economy” and must be addressed by Congress, said Financial Services Committee Chairman Jeb Hensarling (R-TX). The FHA today released its fiscal year 2017 annual report on the economic health of the agency’s… Read more »

WASHINGTON – Today, the House voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills from the Financial Services Committee to reform and reauthorize the National Flood Insurance Program (NFIP). The taxpayer-backed NFIP was created in 1968 to provide government insurance protection against flood risks for both homeowners and commercial businesses.… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement as the committee began consideration of 22 measures on Tuesday: We have a number of bills in front of us today so this will be a long, but I trust productive, mark-up. Most of the bills have a common theme and that theme is to once again ensure that our economy is working for all… Read more »

The House passed bipartisan legislation on Monday to require securities regulators to safeguard a data system used to track market trading activity. The bill, the Market Data Protection Act of 2017, would require the Securities and Exchange Commission (SEC), the Financial Industries Regulatory Authority (FINRA), and the operator of the Consolidated Audit Trail (CAT) to consult with the… Read more »