News List

The Financial Institutions and Consumer Credit Subcommittee heard testimony from witnesses on Tuesday that Washington’s regulatory burden is restricting small business and consumer access to credit. “Despite the rhetoric fed to us since its passage, consumers and small businesses haven't been protected by Dodd-Frank.  Rather, the rules and regulations billed as the pathway to a… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 27: Tuesday, March 28 at 10:00 A.M. – The Oversight and Investigations Subcommittee will hold a hearing entitled “The Arbitrary and Inconsistent Non-Bank SIFI Designation Process.” The hearing will examine a recent Financial Services Committee Majority Staff Report… Read more »

Unconstitutional CFPB Focus of Hearing The Oversight and Investigations Subcommittee held a hearing on Tuesday to examine how the structure of the Consumer Financial Protection Bureau (CFPB) violates the Constitution. “It is time we hold Director Cordray responsible and restructure the CFPB within the framework of our Constitution,” said Chairman Ann Wagner (R-MO). The hearing occurred… Read more »

As the Senate Banking Committee meets this morning for a hearing on Jay Clayton’s nomination to serve as Chairman of the Securities and Exchange Commission (SEC), Financial Services Committee Chairman Jeb Hensarling (R-TX) and Capital Markets, Securities and Investment Subcommittee Chairman Bill Huizenga (R-MI) issued the following statement: “Entrepreneurship is at a generational low… Read more »

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The Capital Markets, Securities, and Investment Subcommittee held a hearing on Wednesday to examine the Jumpstart Our Business Startups (JOBS) Act, five years after its passage.  Members of the subcommittee heard from a panel of witnesses who testified on the impact of the JOBS Act on capital formation, job creation and economic growth. “It's time to refocus the SEC to advance a… Read more »

The Oversight and Investigations Subcommittee held a hearing on Tuesday to examine how the structure of the Consumer Financial Protection Bureau (CFPB) violates the Constitution.  The subcommittee also discussed possible changes to the Bureau that would make it constitutional and accountable to the American people. “Created under the Obama-era, 'Washington knows best' mindset, the… Read more »

Members of the Financial Services Financial Institutions and Consumer Credit Subcommittee met on Tuesday to examine the chilling impact that the Dodd-Frank Act has had on the creation of new or “de novo” financial institutions.  “Today, we took the first step at looking into why there are so few new banks and the barriers to entry for would-be community financial institutions. The… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 20: Tuesday, March 21 at 10:00 A.M. – The Oversight and Investigations Subcommittee will hold a hearing entitled “The Bureau of Consumer Financial Protection’s Unconstitutional Design.” The hearing will examine whether the structure of the CFPB violates the… Read more »

Subcommittee Hears Community Perspective on Flood Insurance The Housing and Insurance Subcommittee held its second in a series of hearings this year examining the National Flood Insurance Program (NFIP).  Members of the subcommittee heard from a panel of witnesses who provided a community-level perspective on flood insurance. “After getting FEMA’s perspective on flood insurance… Read more »