News List

Committee Passes Bipartisan Bills Aimed at Economic Growth and Consumer Protection The Financial Services Committee on Wednesday approved several bipartisan bills designed to protect consumers, grow the economy and strengthen government transparency. The committee also voted to extend the Task Force to Investigate Terrorism Financing so it can continue examining how the U.S. can… Read more »

Congressman David Scott recently lambasted the Consumer Financial Protection Bureau for its “deceitful” auto-loan regulation based on “shamefully flawed” information. Now it looks like the Georgia Democrat was being kind. The Republican staff of the House Financial Services Committee has released a trove of documents showing that… Read more »

WASHINGTON - The Financial Services Committee today approved several bipartisan measures designed to protect consumers, grow the economy, strengthen government transparency and help lead the fight against terrorists. “I am proud that the Financial Services Committee continues to pass bipartisan legislation, all focused on the priorities of the American people.  These bills can… Read more »

“FSOC typifies not only the shadow regulatory system but also the unfair Washington system that Americans have come to fear and loathe:  powerful government administrators, secretive government meetings, arbitrary rules, and unchecked power to punish or reward. Thus, oversight and reform is paramount." WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX)… Read more »

WASHINGTON – Members of the Financial Stability Oversight Council (FSOC) faced questions about their ability to designate insurers and financial companies as “systemically important” and the Council’s lack of openness and transparency at an oversight hearing of the Financial Services Committee on Tuesday.  Eight of the Council’s 10 voting members appeared at the hearing. “Of all… Read more »

House Passes Hensarling's Amendment Including 15 Bipartisan Financial Services Bills On Thursday the House of Representatives passed a five-year highway bill that includes Chairman Jeb Hensarling's (R-TX) amendment of 15 bipartisan financial services bills. These bills have all previously passed the House as stand-alone measures with strong bipartisan support. Chairman Hensarling… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for next week.  Tuesday, December 8 at 10:00 A.M. – Eight of the Financial Stability Oversight Council’s 10 voting members will appear before the Financial Services Committee for an oversight hearing.  The FSOC, created by the Dodd-Frank Act, is a committee of regulators… Read more »

On Thursday, House Financial Services Committee Chairman Jeb Hensarling (R-TX) joined House Majority Leader Kevin McCarthy and other House chairmen to discuss the Committee’s work to combat terror financing. Chairman Hensarling’s remarks are below: “Well, clearly as a Congress we have no more important responsibility than to protect the American people from all enemies… Read more »

The final version of the five-year highway bill approved by the House today includes an amendment offered by Financial Services Committee Chairman Jeb Hensarling (R-TX) of 15 bipartisan financial services bills. The 15 bills included in the Hensarling amendment had previously passed the House as stand-alone measures with strong bipartisan support, and the Hensarling amendment was added… Read more »

The Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing today to review legislative proposals that are designed to improve U.S. capital markets. Subcommittee Chairman Scott Garrett (R-NJ) said in his opening statement, “While the recent finalization of the ‘Reg A plus’ and Crowdfunding rules means that the major rulemakings required by the… Read more »