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Committee Members Visit White House for Signing of Legislation to Repeal Harmful Dodd-Frank Regulation

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Several members of the House Financial Services Committee attended the signing ceremony at the White House today for legislation (House Joint Resolution 41) repealing a controversial Dodd-Frank Act regulation that puts American public companies at a disadvantage against many foreign competitors.  They released the following statements: Chairman Jeb Hensarling (R-TX): “The economic…

Hensarling Statement on the Confirmation of Steven Mnuchin

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on Monday: “I congratulate Steven Mnuchin on his confirmation to serve as Treasury Secretary, and I look forward to working with him in my capacity as Chairman of  the Financial Services Committee to advance policies that will help all Americans raise their standard of living and…

WEEK IN REVIEW

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Committee Approves Oversight Plan for the 115th Congress The Financial Services Committee met on Tuesday to approve the committee’s oversight plan for the 115th Congress. Chairman Hensarling reminded all members of the committee’s obligation to America’s hardworking taxpayers.  “We need to always remember that this isn’t Washington’s money; it is the taxpayers’ money. Taxpayers work…

Media Advisory: Committee Hearing Schedule for the Week of February 13

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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of February 13. Wednesday, February 15 at 10:00 a.m. – Federal Reserve Chair Janet Yellen will appear before the committee for the Fed’s semi-annual Monetary Policy Report to Congress. Due to limited space, press seats will be given out in the order in which they are requested…

ICYMI: How We’ll Stop a Rogue Federal Agency

| Posted in Member Corner

By: Jeb Hensarling Wall Street Journal February 9, 2017 The Obama presidency placed no greater burden on America’s growth potential than the avalanche of regulations that smother the U.S. economic system. The most destructive and dangerous of the new regulatory bureaucracies created by the Democrat-dominated 111th Congress is the Consumer Financial Protection Bureau. The CFPB stands…

Media Advisory: Fed Chair Yellen Testifies Before Committee Next Week

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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the committee on Wednesday, February 15th at 10 a.m. for the Fed’s semi-annual Monetary Policy Report to Congress. The hearing will take place in Room 2128 of the Rayburn House Office Building. Additional information, including live video of the…

ICYMI: Community Banks Hopeful as Lawmakers Target Financial Rules

| Posted in Member Corner

‘Overregulation has caused costs to go through the roof, many banks have been shut down and that has hit small businesses’ ‘We can’t afford to keep going the way we’re going’ By Joyce M. Rosenberg Associated Press Feb. 8, 2017 Small community banks say Dodd-Frank regulations too much of a burden. NEW YORK — Community banks that can be vital to many small businesses are hopeful about…

Hensarling: Committee Will Hold Agencies Accountable on Spending

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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s meeting to approve the committee’s Oversight Plan for the 115th Congress: The Rules of the House require each standing committee to adopt an oversight plan and submit it to the Committee on Oversight and Government Reform and the Committee on House Administration. Today our…

Hensarling: Democrats Played Right Into Wall Street’s Hands When They Passed Dodd-Frank

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House Financial Services Committee Jeb Hensarling (R-TX) made the following comments about a press conference held this morning by some Democrats to discuss the Dodd-Frank Act: For members who spend a good deal of time decrying “alternative facts,” the Democrats at today’s press conference sure engaged in a lot of them.  Here’s the truth: When Dodd-Frank was passed, Americans were…

Statement from Hensarling and Wagner on President Trump’s Action to Delay Harmful Fiduciary Rule

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Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Ann Wagner (R-MO), who were with President Trump today at the White House, made the following comments regarding the President’s executive action on the Obama Administration’s harmful fiduciary rule: Chairman Hensarling:  “I…