News List

House Focuses Week on Passing Bipartisan Bills Sponsored by Committee Members Action on the House floor this week was dominated by bills that came out of the Financial Services Committee. The House passed seven bipartisan bills sponsored by committee members, including bills to help create jobs on Main Street, improve housing assistance,… Read more »

Bipartisan legislation passed by the House today will prevent abuses by federal banking regulators who are choking off access to financial services for legally operating businesses. The bill, the Financial Institution Customer Protection Act, was approved 250-169. The bill is a direct response to “Operation Choke Point,” an attempt… Read more »

WASHINGTON – A bipartisan bill to help our nation’s Main Street businesses access the funding and investments they need to grow and create jobs passed the House today 265-159. True, sustainable economic growth that increases paychecks and creates opportunity for all comes from Main Street, not Washington. Yet excessive Washington… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement on the House floor today in support of H.R. 1675, the Encouraging Employee Ownership Act: I rise in strong support of H.R. 1675, the Encouraging Employee Ownership Act. I do this because, as you know Mr. Chairman, regrettably we… Read more »

WASHINGTON – Terrorist groups and criminal organizations can exploit the international trade system to fund their activities with relatively low risk of detection, members of the Financial Services Task Force to Investigate Terror Financing said today during a hearing. Trade-based money laundering (TBML) is widely recognized as one of the most common manifestations of international… Read more »

WASHINGTON – Bipartisan reforms to improve the effectiveness of public housing programs were approved by the House on Tuesday by a vote of 427-0. The reforms included in the “Housing Opportunity Through Modernization Act” update and improve outdated rules and regulations in order to give state and local housing agencies and private… Read more »

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee markup of its FY 2017 Budget Views and Estimates: Three weeks ago we heard President… Read more »

WASHINGTON – The Oversight and Investigations Subcommittee held a hearing today focused on its investigation that reveals the Obama Administration misled Congress and the public about its ability to prioritize payments during negotiations over the nation’s debt ceiling. While Administration officials publicly claimed prioritizing… Read more »

WASHINGTON -- Documents subpoenaed by the House Financial Services Committee reveal the Obama Administration is not only capable of prioritizing payments in case the nation’s borrowing authority is not raised, it has run “tabletop exercises” to prepare for such a contingency – contradicting earlier public statements from Treasury officials. … Read more »

WASHINGTON – Small businesses would get more attention and support from the Securities and Exchange Commission (SEC) and local banks would get some help complying with regulations under bipartisan bills approved by the House on Monday. “The president’s policies have delivered the slowest and weakest recovery in history, so Congress… Read more »