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Financial Services Holds Organizational Meeting, Announces Republican Subcommittee Assignments

| Posted in Press Releases

Today, the House Financial Services Committee held its organizational meeting for the 114th Congress to adopt its rules package. Chairman Hensarling announced subcommittee assignments for the committee’s Republican members and his full leadership team for the 114th Congress. “I look forward to working alongside my colleagues to pass laws that help grow the economy from Main Street up,…

Bipartisan House Majority Again Approves Regulatory Relief for Main Street

| Posted in Press Releases

In a strong bipartisan vote, the House on Wednesday approved legislation to ease some of the growing regulatory burden on Main Street businesses by a vote of 271-154. The legislation – the Promoting Job Creation and Reducing Small Business Burdens Act - is substantially identical to a bill that passed the House last September by a vote of 320-102, and many of its 11 titles passed the…

Reuters: U.S. Lawmaker Directs Consumer Bureau to Ditch Office Upgrade

| Posted in In Case You Missed It

LINK TO THE STORY A top Republican lawmaker on Monday urged the U.S. Consumer Financial Protection Bureau to abandon the renovation of its Washington building and find cheaper office space, a sign critics intend to keep up scrutiny of the agency this year.   House Financial Services Committee Chairman Jeb Hensarling said in a letter to bureau Director Richard Cordray that…

FSC Majority | Week in Review

| Posted in Member Corner

House's TRIA Reauthorization and Dodd-Frank Clarification Bill Headed to President's Desk The House once again overwhelmingly passed a long-term reauthorization of the Terrorism Risk Insurance Act (TRIA) with taxpayer protection reforms this week. The bill, sponsored by Rep. Randy Neugebauer (R-TX), included the reestablishment of NARAB and also a critically important clarification of…

Hensarling Comments on TRIA Passage and Warren Amendment’s Failure

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today made the following comments about the Senate’s passage of House legislation to reauthorize the Terrorism Risk Insurance Act with reforms and the failure of an amendment offered by Senator Elizabeth Warren (D-MA) to remove an important bipartisan Dodd-Frank Act clarification from the bill. “This very same TRIA…

House Approves Terror Insurance Reauthorization

| Posted in Press Releases

The House on Wednesday approved, by a vote of 416-5, a bipartisan, six-year reauthorization of the Terrorism Risk Insurance Act (TRIA) with taxpayer protection reforms and a clarification of a provision of the Dodd-Frank Act that is currently threatening jobs at Main Street businesses even though they had nothing to do with the 2008 financial crisis. The bill is the same bipartisan…

Chairman Hensarling Statement on Bipartisan H.R. 37

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about the House’s vote on H.R. 37, the Promoting Job Creation and Reducing Small Business Burdens Act: “As today’s vote demonstrates, there is strong bipartisan support for this pro-jobs, regulatory relief bill.  It’s disappointing so many Democrats, who voted for these provisions just…

Chairman Hensarling on Administration Lowering FHA Mortgage Insurance Premiums

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding reports that President Obama on Thursday will announce executive action to lower Federal Housing Administration (FHA) mortgage insurance premiums: “Such an action by the President would be a grave mistake that will end up hurting hardworking taxpayers.  It was just two years…

Chairman Hensarling Statement on TRIA Legislation

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following statement about the House’s plan to vote this week on legislation to reauthorize the Terrorism Risk Insurance Act (TRIA): “Just last month, Democrats joined Republicans in the House to overwhelmingly pass bipartisan legislation 417-7 to reauthorize TRIA with taxpayer protection reforms.  The only…