News List

Legislation to end bailouts for big banks, toughen penalties for wrongdoing on Wall Street, promote economic growth, and provide desperately needed regulatory relief for small community banks and credit unions passed the House Financial Services Committee 30-26 today. The legislation – the Financial CHOICE Act – ends the Dodd-Frank Act’s taxpayer-funded bailouts of large financial… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's markup of H.R. 5983, the Financial CHOICE Act: It has been six years since the passage of Dodd-Frank.  We were told it would lift our economy, but instead we are stuck in the slowest, weakest, most tepid recovery in the history of the Republic.  The economy does… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today formally introduced the Financial CHOICE Act, the Republican alternative to the failed Dodd-Frank Act which has contributed to the weakest and slowest economic recovery since at least World War II.  The Financial CHOICE Act, H.R. 5983, will end taxpayer-funded bailouts of large financial institutions; relieve banks… Read more »

Morning Consult: Hensarling’s Dodd-Frank Replacement Includes Tougher Fines for Wall Street “House Financial Services Committee Chairman Jeb Hensarling said his forthcoming proposal to replace the 2010 Dodd-Frank law would double or triple certain fines for financial misconduct.” Bloomberg: Hensarling says… Read more »

WASHINGTON – On Tuesday, Financial Services Committee Chairman unveiled the details of the Financial CHOICE Act – the Republican plan to replace the Dodd-Frank Act and promote economic growth. Support for the plan has been as overwhelming as the job-crushing regulations the bill will repeal. Here is what some experts are saying: “…a true reform agenda designed to jump-start the economy… Read more »

The House of Representatives today passed the Investment Advisers Modernization Act by a vote of 261-145.  The bipartisan bill updates portions of a 76-year-old law by updating regulations that impose an unnecessary burden on smaller companies’ access to capital. “We know small businesses across the country are struggling to find the investments and financing options that enable… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that the Committee will begin meeting on Tuesday, Sept. 13 to debate the Financial CHOICE Act, consider possible amendments and vote on the legislation. The Financial CHOICE Act -- the Republican alternative to the failed Dodd-Frank Act -- will end taxpayer-funded bailouts of large financial… Read more »

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling raised serious questions Thursday about the Obama Administration’s $1.7 billion in cash payments to Iran during a hearing of the Oversight and Investigations Subcommittee. Addressing a panel of witnesses from the Obama State, Treasury, and Justice Departments who only appeared after he threatened them with subpoena,… Read more »

WASHINGTON -- The Financial Services Subcommittee on Oversight and Investigations held a hearing Thursday on the Obama Administration’s decision to pay $1.7 billion to Iran in cash, even as senior Justice Department officials warned that Iran would see the payment as ransom for four Americans being held prisoners by the regime that the U.S. labels the world’s biggest state sponsor of… Read more »

WASHINGTON -- The House on Thursday passed the Accelerating Access to Capital Act, a package of three bills that will help small businesses access the capital they need to grow the economy and create jobs. The U.S. economy grew an average of 3.7 percent during other recoveries since 1960, but growth has averaged a meager 2.1 percent in the current recovery.  In the second quarter of… Read more »