News List

HUD at 50 The Financial Services Committee held a hearing Thursday to review the role and impact the Department of Housing and Urban Development (HUD) has had on federal housing policy in the 50 years since its creation. Chairman Jeb Hensarling (R-TX) said, "Our collective goal cannot be limited to helping people tolerate poverty, it must be to help them escape poverty. Whether I’ve… Read more »

One of the witnesses at today’s committee hearing on the Future of Housing in America is Renee Glover, who has been actively involved in affordable housing for more than 30 years from several different vantage points:  the private sector, the public sector and the international non-government sector.  From nearly 20 years, she was CEO of the Atlanta Housing Authority. In… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing to examine the Future of Housing in America and the Department of Housing and Urban Development (HUD) during its 50th anniversary year: In launching the War on Poverty, President Lyndon Johnson told us its purpose was, “not only to relieve the symptom of poverty but… Read more »

The Financial Services Committee continued its in-depth examination of federal housing policy with a hearing today focused on the role of the Department of Housing and Urban Development (HUD). One of the chief weapons in the “War on Poverty” launched by President Lyndon Johnson, HUD became a cabinet-level agency 50 years ago last month. “In its history HUD has clearly achieved good. It… Read more »

As part of the Financial Services Committee’s year-long examination of the Department of Housing and Urban Development (HUD) during its 50th anniversary year, the Housing and Insurance Subcommittee held a hearing today to examine how the federal government can better provide housing assistance in the 21st century and serve the housing needs of low-income individuals and… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s tentative hearing schedule for the week of Oct. 19.  Oct. 21 at 10 a.m. – The Financial Institutions and Consumer Credit Subcommittee will discuss legislative proposals to reduce regulatory burdens on Main Street job creators. Oct. 21 at 2 p.m. – The Housing and Insurance Subcommittee… Read more »

The Monetary Policy and Trade Subcommittee, chaired by Rep. Bill Huizenga (R-MI), held a hearing today to examine the role of multilateral development banks in the global economy and how they can more effectively spur economic growth to alleviate poverty. Multilateral development banks, known as MDBs, are the World Bank and four smaller regional institutions that provide loans and grants… Read more »

House Passes Bipartisan Consumer Protection and Regulatory Relief Bills The House passed five bipartisan Financial Services bills this week, including one that provides a formal hold-harmless period for those making a good faith effort to comply with the CFPB’s 1,888-page TRID rule, which became effective on Oct. 3. The bill, H.R. 3192, the Homebuyers Assistance Act sponsored by Rep.… Read more »

The House on Wednesday passed bipartisan legislation to help homebuyers avoid  delays and disruptions when closing on their new homes by a vote of 303-121. The bill, the Homebuyers Assistance Act, provides a four-month grace period for businesses that are working in good faith to comply with a new 1,888-page rule from the CFPB that went into effect Oct. 4. “Without this bill,… Read more »

This week, the House of Representatives will consider five bills approved by the Financial Services Committee to hold unelected Washington bureaucrats accountable so that consumers can achieve financial independence. “Consumers are understandably concerned about our economy.  We remain stuck in the worst recovery of the last 70 years.  At the same time, they’re concerned that… Read more »