News List

WASHINGTON – Members of the Financial Stability Oversight Council (FSOC) faced questions about their ability to designate insurers and financial companies as “systemically important” and the Council’s lack of openness and transparency at an oversight hearing of the Financial Services Committee on Tuesday.  Eight of the Council’s 10 voting members appeared at the hearing. “Of all… Read more »

House Passes Hensarling's Amendment Including 15 Bipartisan Financial Services Bills On Thursday the House of Representatives passed a five-year highway bill that includes Chairman Jeb Hensarling's (R-TX) amendment of 15 bipartisan financial services bills. These bills have all previously passed the House as stand-alone measures with strong bipartisan support. Chairman Hensarling… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for next week.  Tuesday, December 8 at 10:00 A.M. – Eight of the Financial Stability Oversight Council’s 10 voting members will appear before the Financial Services Committee for an oversight hearing.  The FSOC, created by the Dodd-Frank Act, is a committee of regulators… Read more »

On Thursday, House Financial Services Committee Chairman Jeb Hensarling (R-TX) joined House Majority Leader Kevin McCarthy and other House chairmen to discuss the Committee’s work to combat terror financing. Chairman Hensarling’s remarks are below: “Well, clearly as a Congress we have no more important responsibility than to protect the American people from all enemies… Read more »

The final version of the five-year highway bill approved by the House today includes an amendment offered by Financial Services Committee Chairman Jeb Hensarling (R-TX) of 15 bipartisan financial services bills. The 15 bills included in the Hensarling amendment had previously passed the House as stand-alone measures with strong bipartisan support, and the Hensarling amendment was added… Read more »

The Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing today to review legislative proposals that are designed to improve U.S. capital markets. Subcommittee Chairman Scott Garrett (R-NJ) said in his opening statement, “While the recent finalization of the ‘Reg A plus’ and Crowdfunding rules means that the major rulemakings required by the… Read more »

WASHINGTON -- If all you knew about Mr. Brown was his surname, sex and zip code, do you think you could tell if he was black or white? The Consumer Financial Protection Bureau thinks it can – which is just one more reason it should be abolished.  The regulatory frenzy that accompanied President Barack Obama's first two years in office… Read more »

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX), who served on the Conference Committee for H.R. 22, the Fixing America’s Surface Transportation (FAST) Act, released the following statement:  “I want to commend Chairman Shuster for his dedication to an open process both in the House Transportation and Infrastructure Committee and on the House floor. His… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about the emergency lending rule adopted by the Federal Reserve on Monday: “Five years after Dodd-Frank became law, ‘too big to fail’ is unfortunately alive and well and this rule from the Federal Reserve doesn’t change that.  Indeed, by leaving the door wide open to future taxpayer-funded… Read more »

A staff report by the Financial Services Committee uses internal CFPB e-mails and documents to reveal the Bureau is knowingly using flawed and inferior methods to allege racial bias in auto lending. The result of the CFPB’s efforts could mean higher consumer prices when it comes to buying a car or truck. To read the committee staff report, click here.   … Read more »