News List

  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… Read more »

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… Read more »

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… Read more »

  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… Read more »

  The House Financial Services Financial Institutions and Consumer Credit Subcommittee today held a hearing to discuss legislative proposals to help preserve consumer choice and financial independence. Dodd-Frank created over 400 new regulations that were designed for Wall Street but are instead hitting Main Street.… Read more »

  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… Read more »

 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.… Read more »

FACT: Two Russian firms targeted with U.S. sanctions due to Russia’s invasion of Ukraine were approved for more than $1 billion in U.S. taxpayer-subsidized financing from the Export-Import Bank. According to articles in the Wall Street Journal and Investor’s Business Daily, one of these Russian state-owned firms, Vnesheconombank, maintains a close business relationship with a major… Read more »

Subcommittee Conducts Oversight on Hurricane Sandy Claims The need to reform the National Flood Insurance Program and allegations that Hurricane Sandy victims were cheated out of flood insurance claims due to bogus home inspection reports were the focus of a hearing on Tuesday held by the Housing and Insurance Subcommittee. The subcommittee, chaired by Rep. Blaine Luetkemeyer (R-MO),… Read more »

LINK TO STORY The 80-year old Export-Import Bank will begin to wind down on June 30, unless Congress renews it again. Republicans in the House and Senate need to let it expire—and as chairman of the House Financial Services Committee, I am helping lead the charge to see that we do. Ex-Im arranges taxpayer-backed financing to… Read more »