News List

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of bills that repeal the Dodd-Frank Act’s bailout fund and make the CFPB more accountable to taxpayers by putting its spending on budget: We have two bills that are before us today and… Read more »

Secrecy surrounding how Washington regulators determine whether the “living wills” submitted by banks are credible “could undermine public and market confidence,” according to a new report released today by the Government Accountability Office (GAO). “Without greater transparency, the lack of clear understanding of the regulators’ decisions…may… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following statement after the House of Representatives passed H.R. 2947, a bill to create a new bankruptcy chapter for failing banks: Instead of ending “too big to fail” and taxpayer-funded Wall Street bailouts, the Dodd-Frank Act enshrines them into law. Despite assurances by the Obama Administration and… Read more »

WASHINGTON- Next week the House of Representatives will consider two Financial Services Committee bills to bring needed accountability to Washington bureaucracies and to help small banks serve their customers and communities. H.R. 3340, Financial Stability Oversight Council Reform Act Sponsor: Rep. Tom Emmer (R-MN) The Financial Stability Oversight Council (FSOC) and the Office of… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 11: Wednesday, April 13 at 10:00 A.M. – A full committee markup to consider cost-saving measures as part of the House Republican FY 2017 budget. Thursday, April 14 at 10:00 A.M. – A Capital Markets and Government Sponsored Enterprises Subcommittee… Read more »

1. The Administration just published a rule to “protect consumers” which sounds great at first… 2. But then we realized that it’s 1,000 pages long. 1-0-0-0 pages… 3. And it doesn’t actually protect consumers at all. 4. The truth is this rule limits consumers’ choices and will make financial advice more expensive and less available – which is just wrong. 5. American consumers are… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following statement after the Department of Labor issued the final version of its controversial “fiduciary” regulation that will harm millions of lower and middle income Americans by raising the costs of financial planning: “Millions of Americans turn to financial advisors to help them plan and save for… Read more »

The Debt Clock // Treasury Secretary Jack Lew testifies as the national debt continues to climb. The Hoosier // Rep. Luke Messer (R-IN) prepares to question a… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding reports the Obama Administration is working to provide terrorist-sponsoring Iran with access to the U.S. financial system or give Iran access to U.S. dollars outside the U.S. financial system: “These reports are… Read more »

April Fools. We are not fans of Dodd-Frank and we’re doing something about it. Under Dodd-Frank (a.k.a. Washington’s Financial Control Law), Wall Street’s “too big to fail” banks have… Read more »