News List

By James Freeman Aug. 4, 2017 Republican staff of the House Financial Services Committee have completed a legal analysis concluding there is sufficient basis for Congress to initiate contempt proceedings against Consumer Financial Protection Bureau Director Richard Cordray. The staff report, which may be released as soon as this afternoon, describes how Mr. Cordray has defied a… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Treasury Secretary Steven Mnuchin on the State of the International Financial System: This morning the Committee welcomes Treasury Secretary Steven Mnuchin for his testimony on the State of the International Financial System. As we all know,… Read more »

The House Financial Services Committee met on Tuesday to approve four bipartisan bills, including legislation aimed at creating a healthier economy and making the World Bank more accountable. “I thank all members of the committee on both sides of the aisle for working to bring these bills forward for action,” said Chairman Jeb Hensarling (R-TX). The Committee passed the following… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s committee meeting to consider proposed legislation: The committee meets today to consider five pieces of legislation, nearly all of which have earned bipartisan support and are largely aimed at creating a healthier economy… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) reacted to comments made on Tuesday by the committee’s ranking member, Rep. Maxine Waters (D-CA), that overregulation of community banks is a myth “that too many folks have bought into”: “Some Democrats may deride small towns as ‘flyover country,’ but in many places community banks are the only available option for… Read more »

The House voted 231-190 Tuesday to block a controversial rule by the Consumer Financial Protection Bureau (CFPB) that would benefit class action trial attorneys and harm consumers. Using authority provided under the Congressional Review Act (CRA), the resolution of disapproval also prevents the CFPB from issuing a similar rule in the future. House Financial Services Chairman Jeb… Read more »

July 20, 2017 By Jeb Hensarling Carefree, Arizona—population 3,363—is 2,400 miles from Wall Street. But that’s still not far enough away to escape the harm caused by Democrats’ supposed “Wall Street reform” known as the Dodd-Frank Act, which was signed into law seven years ago this month. According to a local news report, a proposed housing project in Carefree was terminated… Read more »

Today, Republicans on the House Financial Services Committee introduced a resolution of disapproval to nullify a controversial rule published by the Consumer Financial Protection Bureau (CFPB) that benefits class action trial attorneys at the expense of consumers. H.J. Res 111,  sponsored by Rep. Keith Rothfus (R-PA), uses Congressional Review Act (CRA) authority to repeal… Read more »

The Subcommittee on Monetary Policy and Trade held a hearing today to discuss the impact of monetary and fiscal policy on price stability and the economy. In particular, the hearing examined the interaction between U.S. fiscal policy and monetary policy decisions made by the Federal Open Market Committee (FOMC) at the Federal Reserve. “A Federal Reserve that has taken on the authority to… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), the sponsor of the Financial CHOICE Act, released the following statement on the anniversary of the Dodd-Frank Act becoming law: This week marks Dodd-Frank’s seventh anniversary, but the only thing to celebrate is that Congress and the Trump Administration are working to end this Obama-era monstrosity and the… Read more »