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House Passes Long-Term Reauthorization of Flood Insurance Program
Nov 14, 2017
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WASHINGTON – Today, the House voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills from the Financial Services Committee to reform and reauthorize the National Flood Insurance Program (NFIP). The taxpayer-backed NFIP was created in 1968 to provide government...
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Subcommittee Examines U.S. and U.K. Models for Affordable Housing
May 12, 2016
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WASHINGTON – The Financial Services Subcommittee on Housing and Insurance held a hearing on Thursday entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for Affordable Housing.” This hearing is part of a series undertaken by the subcommittee to as...
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Broad, Bipartisan Housing Reform Bill Passes House
Feb 2, 2016
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WASHINGTON – Bipartisan reforms to improve the effectiveness of public housing programs were approved by the House on Tuesday by a vote of 427-0. The reforms included in the “Housing Opportunity Through Modernization Act” update and improve outdated rules and regulations in order to give state and ...
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Chairman Hensarling Comments on FHA Finally Meeting Minimum Requirement
Nov 16, 2015
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Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments today about the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund. An independent actuarial analysis released today shows the MMI Fund’s capital ratio stands at 2.07...
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What Successful Innovation in Housing Looks Like
Oct 22, 2015
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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...
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Hensarling Opening Statement at Future of Housing in America Hearing
Oct 22, 2015
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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 ...
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Chairman Hensarling Discusses Obama Administration’s Lack of Accountability, Transparency at Hearing with Treasury Secretary
May 8, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s committee hearing with Treasury Secretary Jacob Lew: Secretary Lew, we welcome you back to the committee. We all hope on the state of the international finance system, we trust your...
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Chairman Hensarling Welcomes Announcement by Senators Johnson and Crapo
Mar 11, 2014
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Chairman Jeb Hensarling (R-TX) of the House Financial Services Committee, which passed the PATH Act in July 2013, released the following statement today regarding the announcement from Senator Tim Johnson (D-SD) and Senator Mike Crapo (R-ID) about their housing finance reform efforts: “As someone wh...
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Chairman Hensarling Speaks During House Debate on Flood Insurance Bill
Mar 4, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following floor remarks on H.R. 3370: Click here to view Chairman Hensarling's remarks. Mr. Speaker: Our nation is tragically going broke. Our national debt, which has skyrocketed under this president, is clearly by any ...
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Biggert-Waters Flood Insurance Reform Reviewed at Subcommittee Hearing
Nov 19, 2013
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The Financial Services Housing and Insurance Subcommittee held a hearing today on the importance of implementing the Biggert-Waters Flood Insurance Reform Act in order to protect taxpayers from having to continue bailing out the debt-ridden National Flood Insurance Program (NFIP). With a $24 billion...
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