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Hensarling: Committee Will Advance Bill to “Provide Americans With More Choices and Greater Freedom to Save for Their Future”

| Posted in Press Releases

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement about the Department of Labor’s proposed regulation that will raise the cost of retirement, especially for millions of lower and middle income Americans.  Republicans and Democrats expressed objections to the controversial regulatory proposal at a joint Financial Services…

Task Force Focuses on Whether U.S. Doing Enough to Stop Financing of Terror

| Posted in Press Releases

WASHINGTON - The Financial Services Committee’s Task Force to Investigate Terrorism Financing held its fifth hearing today and examined areas where U.S. efforts to stop terrorist financing can be improved.  At today’s hearing the Task Force, which was formed earlier this year, also reviewed the level of cooperation between various federal agencies involved in countering terrorist…

Committee Schedules Hearings on Terror Financing and Preserving Retirement Security

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of September 7. Wednesday, September 9 at 10:00 A.M. - The Task Force to Investigate Terrorism Financing will hold a hearing entitled “Could America Do More? An Examination of U.S. Efforts to Stop the Financing of Terror.” Thursday, September 10 at 10:00 A.M. - The…

Hensarling Statement on Finalized CEO Pay Ratio Rule

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following statement after the Securities and Exchange Commission (SEC) voted today to finalize its CEO pay ratio rule. Last year, Chairman Hensarling along with Capital Markets and Government Sponsored Enterprises Subcommittee Chairman Scott Garrett (R-NJ) and Monetary Policy and Trade Subcommittee Chairman Bill Huizenga…

WEEK IN REVIEW

| Posted in Member Corner

Committee Passes Federal Reserve Accountability, Bipartisan Reg Relief Bills On Wednesday the Financial Services Committee passed several  bills designed to help grow the economy, create jobs and bring much-needed accountability and transparency to the Federal Reserve. H.R. 3189, the Fed Oversight Reform and Modernization Act (FORM Act), requires the Federal Reserve to…

Committee Approves Federal Reserve Oversight and Transparency Reforms

| Posted in Press Releases

WASHINGTON -- The House Financial Services Committee approved legislation today designed to improve the economy’s performance by bringing greater accountability and transparency to the Federal Reserve.  The bill, the Fed Oversight Reform and Modernization Act (FORM Act) sponsored by Monetary Policy and Trade Subcommittee Chairman Bill Huizenga (R-MI), passed the Committee…

Committee Passes Bipartisan Jobs and Federal Reserve Reform Bills

| Posted in Press Releases

The Financial Services Committee today approved several bipartisan bills today designed to help grow the economy, create jobs, and bring much needed accountability and transparency to the Federal Reserve. “We seek to simplify the rules, reduce complexity and compliance costs. Complicated and costly regulations serve as barriers that too often keep small competitors off the playing…

Dodd-Frank Contributes to Weakest Recovery of Modern Era

| Posted in Press Releases

  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…

Dodd-Frank Fifth Anniversary Round-Up

| Posted in In Case You Missed It

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,…