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Obama Threatens to Veto Bill Giving Small Business Greater Voice in CFPB Rulemaking

| Posted in Member Corner

As America celebrates Small Business Week, here’s an important editorial on President Obama’s threat to veto H.R. 1195, a bipartisan bill designed to give small businesses the opportunity to have their voices heard at the Consumer Financial Protection Bureau (CFPB). The bill passed the Financial Services Committee by a vote of 53-5 and the House last month by a vote of 235-183. As Rep.…

ICYMI: The Bank to Nowhere

| Posted in In Case You Missed It

    By KIMBERLEY A. STRASSEL May 1, 2015 LINK TO STORY   In October 2005, earmarks were a Washington fact of life. Then former Oklahoma Sen.Tom Coburn took to the floor to decry pork spending for Alaska’s “Bridge to Nowhere.” The phrase became a national rallying cry against government waste. It required another five years, but in…

FSC Majority | Week in Review

| Posted in Member Corner

Subcommittee Examines Impact of International Standards on U.S. Insurance Competitiveness The Housing and Insurance Subcommittee held a hearing on Wednesday to review the impact that international regulatory standards could have on the competitiveness of insurers in America. Subcommittee Chairman Blaine Luetkemeyer (R-MO) said in his opening statement, "The United States finds itself…

Subcommittees Examine the Export-Import Bank’s Mandates

| Posted in Press Releases

The Financial Services Subcommittee on Monetary Policy and Trade and the Oversight and Government Reform Subcommittee on Health Care, Benefits and Administrative Rules held the second in a series of hearings on Thursday on the Export-Import Bank.  At Thursday’s hearing, the subcommittees examined the Export-Import Bank’s mandates. “The Export-Import Bank’s stated goal is to support…

Subcommittee Focuses on Solutions to Help Small Businesses Grow

| Posted in Press Releases

  The Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, chaired by Rep. Scott Garrett (R-NJ), held a hearing on Wednesday to review proposals designed to reduce regulatory burdens so small companies can gain access to job-creating capital. “Since…

Committee Schedule for the Week of April 27

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) announced the following hearing schedule for the week of April 27: Wednesday, April 29th at 10:00 A.M.- The Housing and Insurance Subcommittee will hold a hearing to examine the impact of international regulatory standards on the competitiveness of U.S. insurers. Specifically, the hearing will focus on international regulatory…

WSJ: The Peculiar Uses of a Taxpayer Bank

| Posted in In Case You Missed It

  The Peculiar Uses of a Taxpayer Bank A look at the Export-Import Bank’s beneficiaries suggests that sometimes it works against U.S. interests abroad. By Mark Pfeifle Only in Washington can a prominent example of corporate welfare be described as a “critical element”…

MEDIA ADVISORY: HOUSE FINANCIAL SERVICES AND OVERSIGHT SUBCOMMITTEES TO EXAMINE THE EXPORT-IMPORT BANK’S MANDATES

| Posted in Press Releases

House Financial Services Subcommittee on Monetary Policy and Trade, and Oversight and Government Reform Subcommittee on Health Care, Benefits, and Administrative Rules, will conduct its second joint hearing looking into the future viability of Export–Import Bank, which is up for reauthorization in June. During the first joint subcommittee hearing on April 15, 2015, the Committees…

FSC Majority | Week in Review

| Posted in Member Corner

Task Force Holds First Hearing on Terrorism Financing The Task Force to Investigate Terrorism Financing held its first hearing on Wednesday to examine the global terrorist threat and the methods by which terror groups finance their operations.  In its coverage of the hearing, The Hill quoted Task Force Chairman Michael Fitzpatrick (R-PA) as saying that members will make sure "the…