News List

The Dodd-Frank Act not only failed to respond effectively to the 2008 financial crisis, but it also created a host of new problems and lays the groundwork for the next financial crisis, a House subcommittee heard from witnesses on Wednesday. The Financial Services Subcommittee on Oversight and Investigations, chaired by Rep. Sean Duffy (R-WI), held the hearing to examine assumptions… Read more »

The Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, chaired by Rep. Scott Garrett (R-NJ), held its second in a series of hearings on Wednesday to review legislative proposals designed to reduce regulatory burdens so small companies can gain access to job-creating capital.   “As multiple… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) praised Senator Richard Shelby for offering draft regulatory relief legislation aimed at improving Americans’ access to credit. “Having spent the 113th Congress sending dozens of bipartisan, common sense regulatory relief bills to the Senate only to watch them die due to Harry Reid’s obstructionism, it’s encouraging to… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued subpoenas today to three agencies that have refused to comply with requests for information and documents needed to continue active investigations. The three agencies were previously warned that a failure to comply could result in subpoenas. The subpoenas were issued today to: • The Justice Department, which is… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of May 11. Wednesday, May 13 at 9:30 A.M. - The Oversight and Investigations Subcommittee will hold a hearing entitled “The Dodd-Frank Act and Regulatory Overreach.” The hearing will take place in room HVC-210 of the Capitol Visitor Center. Wednesday, May 13 at… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Sean Duffy (R-WI) released the following statement on Tuesday regarding the committee’s investigation into a leak of market-sensitive information from the Federal Open Market Committee: “Oversight of federal agencies is one of Congress’ most important duties, and we are… Read more »

As America celebrates Small Business Week, here’s an important editorial on President Obama’s threat to veto H.R. 1195, a bipartisan bill designed to give small businesses the opportunity to have their voices heard at the Consumer Financial Protection Bureau (CFPB). The bill passed the Financial Services Committee by a vote of 53-5 and the House last month by a vote of 235-183. As Rep.… Read more »

    By KIMBERLEY A. STRASSEL May 1, 2015 LINK TO STORY   In October 2005, earmarks were a Washington fact of life. Then former Oklahoma Sen.Tom Coburn took to the floor to decry pork spending for Alaska’s “Bridge to Nowhere.” The phrase became a national rallying cry against government waste. It required another five years, but in… Read more »

Subcommittee Examines Impact of International Standards on U.S. Insurance Competitiveness The Housing and Insurance Subcommittee held a hearing on Wednesday to review the impact that international regulatory standards could have on the competitiveness of insurers in America. Subcommittee Chairman Blaine Luetkemeyer (R-MO) said in his opening statement, "The United States finds itself… Read more »

The Financial Services Subcommittee on Monetary Policy and Trade and the Oversight and Government Reform Subcommittee on Health Care, Benefits and Administrative Rules held the second in a series of hearings on Thursday on the Export-Import Bank.  At Thursday’s hearing, the subcommittees examined the Export-Import Bank’s mandates. “The Export-Import Bank’s stated goal is to support… Read more »