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5 Important Facts About the Export-Import Bank

| Posted in Member Corner

1). The Ex-Im Bank may harm as many jobs as it claims to support. Government export finance assistance programs like Ex-Im “largely shift production among sectors within the economy rather than raise the overall level of employment in the economy.” - Government Accountability Office, “Export-Import Bank: Key Factors in Considering Ex-Im Bank Reauthorization” “[A]t best the Ex-Im Bank…

Hensarling to Speak Out Against Washington Cronyism at the Conservative Political Action Conference

| Posted in Press Releases

Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, will participate in a discussion on fighting cronyism at the 2015 Conservative Political Action Conference (CPAC) on Friday, February 27th. The panel discussion, titled “Friends in Low Places: How Cronyism Corrupts Free Markets,” will focus on pro-growth, pro-Main Street economic principles instead of…

Committee Hearing Schedule for the Week of February 23

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of February 23: Wednesday, February 25 at 10:00 AM - A full committee hearing to receive the semi-annual report on Monetary Policy and State of the Economy from Federal Reserve Chair Janet Yellen. The hearing will take place in room HVC-210 of the Capitol Visitor…

FSC Majority | Week in Review

| Posted in Member Corner

Committee Examines Risky Practices at FHA The committee held a hearing on Wednesday to examine the fiscal health of the Federal Housing Administration (FHA) and heard testimony from Housing and Urban Development Secretary Julian Castro. "We all recall the famous admonition from Spanish philosopher Santayana who said, 'Those who do not remember the past are condemned to…

ICYMI: Committee Warns of Repeating Mistakes That Led to Financial Crisis

| Posted in In Case You Missed It

American Banker: Republicans Hammer Castro Over FHA Premium Reduction "Don't you care about those people? Are you so inclined to write more loans that you are just trying to entice them for $20 or $30 to get into a house that they can't afford?" "This is what brought us to this crisis in the first place and you are going down the exact same road." - Subcommittee Chairman Scott…

Committee Members Raise Concerns FHA is Putting People into Homes They Can’t Afford to Keep

| Posted in In Case You Missed It

During yesterday’s hearing with the secretary of Housing and Urban Development, members of the Financial Services Committee continually raised concerns that misguided Washington policies are hurting taxpayers and homebuyers by putting them into homes they can’t afford to keep.  The Federal Housing Administration (FHA) is today using many of the same practices employed by subprime…

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