News List

  WASHINGTON- The Financial Services Committee held a full committee hearing today to examine America’s economic prosperity in the five years since the Dodd-Frank Act became law. This hearing was the latest in a series focused on the impact Dodd-Frank has had on prosperity, freedom and financial stability: When he signed Dodd-Frank into… Read more »

Dodd-Frank turns 5: What mess …what Dodd-Frank actually did was to deliver yet another massive government intervention to cover up the lies of past government interventions that directly led to last decade's economic meltdown. …What an absolute mess. And it's exactly what you get when,… Read more »

  CLICK HERE TO READ THE FULL EDITORIAL Perhaps you haven’t heard that the charter for the Export-Import Bank ended on June 30. That’s right, a New Deal-era program has expired, and almost no one noticed. Pity, then, that some Republicans are working to resurrect this unnecessary subsidy for… Read more »

Committee Explores Appropriate Level of Capital and Liquidity The full committee held a hearing to delve in to the issue of "too big to fail" and to hear from experts on the appropriate levels of capital and liquidity for U.S. banks to function properly and help foster economic growth. "Since the crisis, U.S. banks have raised more than $400 billion in new capital and regulators have… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of July 27. Tuesday, July 28 at 10:00 A.M. - This month marks the fifth anniversary of the Dodd-Frank Act being signed into law, and the committee continues its examination of the impact Dodd-Frank is having on our financial stability and economy. On Tuesday the… Read more »

The Financial Services Committee Task Force to Investigate Terrorism Financing held a hearing yesterday to examine the recent nuclear agreement negotiated by the Obama Administration and the P5+1 nations with Iran and its impact on terrorism financing through and by Iran. Iran is identified by the United States as a state sponsor of terror. Through its terrorist proxies such as… Read more »

  CLICK HERE TO WATCH WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine capital standards. This hearing is the latest in a series focused on the impact the Dodd-Frank Act has had in the five years since… Read more »

This month marks the fifth anniversary of the passage of the Dodd-Frank Act. This law was hastily enacted as a reaction to the financial crisis and is filled with unintended consequences and misguided policies. While Dodd-Frank supposedly targeted Wall Street, it is Main Street that has felt the brunt of its costly and overwhelming regulations. Republican Members of the Financial… Read more »

The Financial Services Financial Institutions and Consumer Credit Subcommittee held a hearing today to conduct much-needed oversight of the National Credit Union Administration’s (NCUA) operations and budget. Unlike many other federal agencies, NCUA operates independent of the congressional appropriations process as their operating budget is fulfilled predominately by assessments of the… Read more »

The Financial Services Monetary Policy and Trade Subcommittee reviewed legislative proposals today that would bring greater accountability and transparency to the Federal Reserve. The lack of transparency at the Federal Reserve is growing; while the Federal Reserve’s power has increased, its internal processes have remained opaque, despite continued requests for information from Congress.… Read more »