News List

WASHINGTON -- The House today passed legislation that will make it easier for entrepreneurs and small business owners to raise limited amounts of capital from their personal network of family and friends without running afoul of federal securities laws. Under the Micro Offering Safe Harbor Act sponsored by Rep. Tom Emmer (R-MN), private businesses would be permitted to seek… Read more »

The Subcommittee on Terrorism and Illicit Finance held a hearing today entitled “Financial Intelligence and Enforcement: Treasury’s Role in Safeguarding the American Financial System.” This hearing gave the Subcommittee an overview of the functions of the U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence (TFI). “TFI, and the bureaus and agencies that… Read more »

The Subcommittee on Monetary Policy and Trade heard testimony from U.S. Treasury Under Secretary for International Affairs David Malpass about the Trump Administration’s plans for international financial institutions such as the World Bank and the International Monetary Fund (IMF).  “I thank Under Secretary Malpass for his testimony today and I look forward to continuing to work… Read more »

The Subcommittee on Monetary Policy and Trade held a hearing today entitled “Examining Federal Reserve Reform Proposals.” The hearing evaluated three legislative proposals to create a more independent, accountable, and transparent Federal Reserve that would improve economic opportunities for all Americans. “The three bills considered by the Monetary Policy and Trade Subcommittee today… Read more »

The Subcommittee on Housing and Insurance held a hearing today entitled “Sustainable Housing Finance Part III.” The hearing allowed the Subcommittee to further assess views and perspectives on the need to enact comprehensive housing finance reform. “I want to thank the panel for participating in the third meeting in our Subcommittee’s series of Housing Finance Reform hearings," said… Read more »

House Majority Whip Steve Scalise (R-LA) and House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced they have negotiated an agreement for a long-term reauthorization of the National Flood Insurance Program: “Being from Louisiana and Texas, we are all-too familiar with the devastating effects of floods and the havoc they wreak on communities. That’s why we agree on… Read more »

The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to examine the effect regulation has on small business and community financing in the U.S. capital markets.  The subcommittee discussed how regulatory burdens affect capital formation, job creation, and economic growth for small businesses and also examined legislative proposals. “During the… Read more »

The Subcommittee on Housing and Insurance held its second hearing on private sector perspectives of sustainable housing finance reform.  "We're holding this subcommittee hearing today because of the fact that while the most important factor in reforming the housing finance system are homebuyers, it is vitally important that the way we reform the housing finance system allows for a… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX), who attended today’s White House ceremony where President Trump announced his decision to nominate Jerome H. Powell for Chair of the Board of Governors of the Federal Reserve System, issued the following statement: “Although I am not well acquainted with Mr. Powell and advocated on behalf of another candidate, I… Read more »

The House today approved two bipartisan bills designed to help companies attract investments so they can grow and create jobs. “These bipartisan bills will help build a healthier, more robust economy that offers growth opportunities for all,” said Financial Services Committee Chairman Jeb Hensarling (R-TX). The Fair Investment Opportunities for Professional Experts Act, sponsored by… Read more »