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Lawmakers: Criminal Investigation of Fed Leak Appears Timed to Obstruct Congressional Probe

| Posted in Press Releases

WASHINGTON – Leaders of the House Financial Services Committee suspect the recent criminal investigation into a 2012 leak of market-sensitive information at the Federal Reserve was timed in an effort to obstruct Congress’s investigation into possible misconduct or mismanagement at the Fed. Last month the Committee subpoenaed the Fed for documents related to the leak of confidential…

Subcommittee Examines Cyber Threats to U.S. Financial Sector

| Posted in Press Releases

  WASHINGTON – The House Oversight and Investigations Subcommittee held a hearing today as a part of an ongoing series on the growing threat cyberattacks pose to the U.S. economy and the financial services sector. “Nearly every government agency has been a target of cyber attacks, and with the recent OPM breach, the federal government has…

Subcommittee Examines Proposals to Grow the Main Street Economy

| Posted in Press Releases

  WASHINGTON – The House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing today to discuss legislative proposals to modernize business development companies (BDCs) and expand investment opportunities. In passing the Jumpstart Our Business Startups (JOBS) Act in 2012, Congress took an…

FSC Majority | Week in Review

| Posted in Member Corner

Committee Questions HUD Secretary on Ineffectiveness of Agency After 50 Years The Department of Housing and Urban Development (HUD) was created 50 years ago to serve as a main weapon in the “War on Poverty” and the agency has received more than $1.6 trillion in annual appropriations over its lifetime.  On Thursday, members of the Financial Services Committee questioned HUD Secretary…

MEDIA ADVISORY: Committee Schedule for the Week of June 15

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of June 15. Tuesday, June 16 at 10:00 A.M. - The Oversight and Investigations Subcommittee will examine cyber threats from a global perspective, exploring threats posed to the U.S. from foreign nations, terrorist organizations, criminal enterprises and other entities…

Hensarling Opening Statement at HUD Oversight Hearing

| Posted in Press Releases

  CLICK HERE TO WATCH Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Housing and Urban Development Secretary Julian Castro:   As we approach…

ICYMI: Hensarling Discusses Ex-Im and Dodd-Frank on “Opinion Journal”

| Posted in In Case You Missed It

  Financial Services Committee Chairman Jeb Hensarling (R-TX) discussed the Export-Import Bank and the Dodd-Frank Act with Mary Kissel of The Wall Street Journal’s editorial board. Excerpts from their conversation are below. Chairman Hensarling on the Export-Import Bank: "There’s a lot of things wrong with it. One, you’re transferring…

Committee to Examine HUD, Consumer Choice and Financial Independence Legislation This Week

| Posted in Press Releases

 Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of June 8: Thursday, June 11 at 10:00 A.M. - A Full Committee hearing to examine the Department of Housing and Urban Development’s  budget, operations, and programs. Witness:  Julian Castro, Secretary, Department of Housing and Urban Development.…