News List

House Stops Rule that Disadvantaged American Companies Legislation to repeal a controversial Dodd-Frank Act regulation that puts American public companies at a disadvantage against many foreign competitors is headed to President Trump’s desk after its passage this week by the House and Senate. The House voted 235-187 on Wednesday for House Joint Resolution 41 to disapprove the regulation… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s meeting to approve the Committee’s rules for the 115th Congress: I wish to welcome all Members – new Members and returning Members – to the Financial Services Committee for the 115th Congress.  While we know there are profound philosophical differences separated by… Read more »

The House of Representatives today voted 235-187 to repeal a controversial Dodd-Frank Act regulation that puts American public companies at a disadvantage against many foreign competitors like state-owned companies in China and Russia. It will cost American public companies nearly $600 million each year to comply with the regulation, according to estimates from the Securities and… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that Kirsten Mork has been promoted to the position of Staff Director of the House Financial Services Committee. “Since I became Chairman in 2013, Kirsten has done a superb job as the committee’s Deputy Staff Director and serves as an indispensable adviser to me and members of the Committee.  She has… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of January 30. On Wednesday, the House of Representatives is scheduled to consider a joint resolution of disapproval of the Securities and Exchange Commission’s (SEC) resource extraction rule.  This resolution is provided for under the Congressional Review Act and was… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding the appointment of Mark McWatters as Acting Chairman of the National Credit Union Administration: “I commend President Trump for appointing Mark McWatters to this key position.  Mark is highly capable and extremely well qualified for this role.  He brought a free… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced subcommittee assignments for Republican members on Thursday. New committee members and the committee’s leadership team were previously announced. “As we begin a new and exciting era for our nation under a unified Republican Government, our committee and subcommittees have a chance to lead in a bold, new direction.… Read more »

After President Trump today said Congress should make financial regulatory reform a priority to “help striving Americans get the credit they need to realize their dreams” and Vice President Pence said “dismantling Dodd-Frank” is a top legislative priority for the Trump Administration, House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement: “No… Read more »

Obama’s last minute FHA move put “taxpayers and home buyers” at risk “The new administration was perfectly justified in undoing it” “The proposed reduction had not taken effect, so no borrower is hurt” By Editorial Board One of the Obama administration’s final actions was to slash the fee that mortgage borrowers must pay for Federal Housing Administration insurance on eligible loans. One… Read more »

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray may have violated federal law that governs agency rulemaking procedures, according to an investigative report released today by Republican members of the House Financial Services Committee. The report, based on internal CFPB documents obtained by the committee, uncovers several potential legal problems with the Bureau’s… Read more »