News List

  • This Is Why We Hold Hearings
    May 22, 2013 - Yesterday's Monetary Policy & Trade Subcommittee hearing showed a heartbreaking example of the unintended consequences of uninformed legislative action. Congressman Mick Muvaley explains in the video above how a provision buried deep within the 2,300-page Dodd-Frank Act is hurting the very people i... More
  • Hensarling: IRS is Most Feared Agency of Government
    May 22, 2013 - Chairman Jeb Hensarling joined Fox Business's Neil Cavuto last night in advance of today's hearing with Treasury Secretary Jacob "Jack" Lew. Today's hearing is Secretary Lew's first appearance before the House Financial Services Committee. The scandal at the IRS is an issue that should rise above pa... More
  • Chairman Hensarling Opening Statement at Today's Hearing with Treasury Secretary Lew
    May 22, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing with Treasury Secretary Jacob "Jack" Lew: “This morning we welcome Treasury Secretary Jack Lew for his first appearance before the Financial Services Committee. Tod... More
  • Chairman Hensarling Questions Secretary Lew on IRS Scandal, FSOC Report
    May 22, 2013 - Chairman Hensarling (Hensarling): Mr. Secretary, I’m personally not going to spend a whole lot of time with you on discussing who knew what, when, with respect to the IRS scandal but I would like to say this: I don’t know the level of responsibility that you and the president bear for this scandal,... More
  • Chairman Hensarling Announces New Subcommittee Assignments for Two Members
    May 22, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced new subcommittee assignments for two members of the committee -- Rep. Dennis Ross (R-FL) and Rep. Keith Rothfus (R-PA). Rep. Ross was appointed to fill the vacancy on the Housing and Insurance Subcommittee created when Rep.... More
  • WSJ Opinion: The Debt Problem Hasn't Vanished
    May 22, 2013 - By Phil Gramm and Steve McMillin President Obama has raised the national debt by nearly $6.2 trillion, the equivalent of $78,385 per family of four. It is true that projected deficits recently have been reduced. April tax filings increased 28% from 2012, but much of this was thanks to a one-time ru... More
  • Oversight & Investigations Subcommittee Hearing Examines "Too Big to Jail"
    May 22, 2013 - Members of the House Financial Services Oversight and Investigations Subcommittee today questioned a witness from the Department of Justice about how the department decides which financial institutions are “too big to jail” and what information they rely upon to make such decisions. When Attorney G... More
  • Three Things You Need to Know About The FSOC
    May 21, 2013 - Tomorrow, Treasury Secretary Lew will deliver his annual report on the Financial Stability Oversight Council (FSOC). Here’s three things you need to know about FSOC: 1. The FSOC is failing to effectively monitor and mitigate systemic risk The Government Accountability Office (GAO) noted in an audit... More
  • Hearing Shows CFPB's QM Rule Limits Access to Credit
    May 21, 2013 - Members of the Financial Institutions and Consumer Credit Subcommittee expressed concerns at a hearing today that the Qualified Mortgage rule mandated by the Dodd-Frank Act will reduce access to credit that qualified borrowers need to buy homes. Banks and credit unions have already pulled back on ex... More
  • Dodd-Frank’s ‘Conflict Minerals’ Provision Has Failed to Reduce Violence, Made Matters Worse for Congo
    May 21, 2013 - A provision buried deep within the 2,300-page Dodd-Frank Act is hurting the very people it was supposed to help in the war-torn central African nation of the Congo, according to expert witnesses who testified today before the Monetary Policy and Trade Subcommittee. The provision, which was added to... More