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Hensarling: 'Help Is on the Way'

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WASHINGTON –Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following remarks Thursday at the National Center for Policy Analysis (NCPA) about the committee’s plan to offer reforms to a pro-growth, pro-consumer alternative to the Dodd-Frank Act’s that is harming the economy and consumers: I need not tell you that we continue to suffer from the slowest,…

Subcommittee Examines U.S. and U.K. Models for Affordable Housing

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WASHINGTON – The Financial Services Subcommittee on Housing and Insurance held a hearing on Thursday entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for Affordable Housing.” This hearing is part of a series undertaken by the subcommittee to assess affordable and rental housing programs 50…

Media Advisory: Committee Hearing Schedule for the Week of May 9

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WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 9: Thursday, May 12 at 10:00 A.M. – The Housing and Insurance Subcommittee will hold a hearing entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for…

Hensarling: CFPB Rule Big, Wet Kiss to Trial Attorneys

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WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement regarding an announcement by the CFPB that it plans to limit arbitration clauses in financial contracts: “Every day, Americans are seeing their liberties slip away as Washington inexorably grows larger, more intrusive, more…

VIDEO: "We will Protect the Retirement Security of All Americans"

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Following House passage of a resolution to stop the Obama administration’s controversial “fiduciary” regulation that will restrict access to and raise the cost of financial planning for lower and middle income Americans, Rep. Ann Wagner (R-MO) delivered the following remarks: Hi, I’m…

WEEK IN REVIEW

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House’s Week Focuses on Committee Bills The House of Representatives passed four bipartisan Financial Services Committee bills this week, marking another week of House activity that focused on the Committee’s work. Since the beginning of the 114th Congress in January 2015, the House has passed 60 Financial Services Committee measures – 30 of which have been signed into law. “Each one…

House Acts to Stop Obama Administration Red Tape

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WASHINGTON – The House today approved a resolution to stop the Obama administration’s controversial “fiduciary” regulation that will restrict access to and raise the cost of financial planning for lower and middle income Americans. “Millions of Americans turn to financial advisors to help them plan and save for retirement, to send a…

House Passes Bipartisan HALOS Act to Support Job Growth

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WASHINGTON – Startup companies will find it easier to attract investments that allow them and other small businesses to grow and create jobs under bipartisan legislation passed by the House 325-89 on Wednesday. The Helping Angels Lead Our Startups Act (HALOS Act) defines an “angel investor group” and clarifies a regulation issued by the…

Subcommittee Seeks to Hold Development Banks Accountable

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WASHINGTON – The Financial Services Monetary Policy and Trade Subcommittee held a hearing today with Dr. Nathan Sheets, Under Secretary for International Affairs at the U.S. Department of the Treasury, to examine ways the U.S. can make development banks more accountable. “Congress plays a very important role in determining U.S.…

Hensarling Remarks on HALOS Act

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WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today delivered the following remarks on the House Floor during consideration of H.R. 4498, the Helping Angels Lead Our Startups (HALOS) Act: Mr. Speaker, I rise in strong support of H.R. 4498, the Helping Angels Lead Our Startups Act, known as the HALOS Act.…