The House passed bipartisan legislation on Tuesday that would make it easier for businesses to offer employees an ownership stake in the companies where they work.
The bill, the Encouraging Employee Ownership Act of 2017, drew strong support from Republicans and Democrats and was approved by a vote of 331-87. It would update a nearly 20-year old Securities and Exchange… Read more »
The Monetary Policy and Trade Subcommittee and the Terrorism and Illicit Finance Subcommittee held a joint hearing Tuesday to examine the effectiveness of non-nuclear U.S. sanctions on the Islamic Republic of Iran. The subcommittees heard from several witnesses about whether new designations or sanctions related to terrorism, human rights abuses, and other non-nuclear behavior could be… Read more »
Independent Journal Review
By: Richard Berman
Washington, D.C. is known for many things: Majestic monuments, smoky steakhouses, and wasteful bureaucracy at its worst. From the Environmental Protection Agency's crippling regulations to the Pentagon's $125 billion boondoggle, the swamp is full of critters. But no government agency is creepier or crawlier than the Consumer Financial… Read more »
Since I was first elected to Congress, I have fought to hold government agencies and Washington bureaucrats more accountable to Floridians and all Americans. Unfortunately, the Consumer Financial Protection Bureau (CFPB) continues to operate in a manner unaccountable to Congress, the president and American taxpayers.
You don’t have to take my word on this.
On October 11, 2016, the… Read more »
As the following article from Real Clear Markets points out, the unaccountable and unconstitutional CFPB shows utter contempt for constitutional due process rights and tramples on the rule of law. This abuse may grab headlines, but it does not achieve justice and ultimately harms the very consumers the Bureau is supposed to protect.
“Prohibited by statute from regulating auto… Read more »
DALLAS, Texas— Today, Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, joined Housing and Urban Development Secretary Dr. Ben Carson at Jubilee Park and Community Center during the Secretary’s multi-city listening tour of communities and HUD offices. Today’s tour stop focused on Jubilee Park’s commitment to community-based… Read more »
The Financial Services Committee will have four hearings and two bills up for debate on the House floor next week. Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 3:
Tuesday, April 4 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled, “Examining the Federal Reserve’s Mandate and Governance… Read more »
Regulatory Overkill Cutting Off Access to Credit
The Financial Institutions and Consumer Credit Subcommittee held a hearing on Tuesday to examine the state of bank lending in America. Subcommittee members heard testimony from witnesses that Washington’s regulatory burden is restricting small business and consumer access to credit.
“Despite the rhetoric fed to us since its passage,… Read more »
A Dodd-Frank Act regulation known as the Volcker Rule is harming the ability of American businesses to obtain affordable financing for long-term growth, witnesses told the Capital Markets, Securities and Investment Subcommittee on Wednesday.
Staff at the Federal Reserve also concluded that the Volcker Rule has detrimental impacts for the U.S. capital markets. According to a Fed… Read more »
The Oversight and Investigations Subcommittee held a hearing on Tuesday to examine the arbitrary and inconsistent process used by the Financial Stability Oversight Council (FSOC) to designate systemically important financial institutions (SIFIs), or those deemed by Washington as “too big to fail.”
Members of the subcommittee heard from a panel of witnesses who testified on the designation… Read more »
