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Media Advisory: Fed Chair Yellen Testifies Before Committee Next Week

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the committee on Wednesday, February 15th at 10 a.m. for the Fed’s semi-annual Monetary Policy Report to Congress. The hearing will take place in Room 2128 of the Rayburn House Office Building. Additional information, including live video of the…

ICYMI: Community Banks Hopeful as Lawmakers Target Financial Rules

| Posted in Member Corner

‘Overregulation has caused costs to go through the roof, many banks have been shut down and that has hit small businesses’ ‘We can’t afford to keep going the way we’re going’ By Joyce M. Rosenberg Associated Press Feb. 8, 2017 Small community banks say Dodd-Frank regulations too much of a burden. NEW YORK — Community banks that can be vital to many small businesses are hopeful about…

Hensarling: Committee Will Hold Agencies Accountable on Spending

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s meeting to approve the committee’s Oversight Plan for the 115th Congress: The Rules of the House require each standing committee to adopt an oversight plan and submit it to the Committee on Oversight and Government Reform and the Committee on House Administration. Today our…

Hensarling: Democrats Played Right Into Wall Street’s Hands When They Passed Dodd-Frank

| Posted in Press Releases

House Financial Services Committee Jeb Hensarling (R-TX) made the following comments about a press conference held this morning by some Democrats to discuss the Dodd-Frank Act: For members who spend a good deal of time decrying “alternative facts,” the Democrats at today’s press conference sure engaged in a lot of them.  Here’s the truth: When Dodd-Frank was passed, Americans were…

Statement from Hensarling and Wagner on President Trump’s Action to Delay Harmful Fiduciary Rule

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Ann Wagner (R-MO), who were with President Trump today at the White House, made the following comments regarding the President’s executive action on the Obama Administration’s harmful fiduciary rule: Chairman Hensarling:  “I…

President’s Executive Action Mirrors Financial CHOICE Act

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Ann Wagner (R-MO) made the following comments about President Trump’s core principles for regulating the financial system, which were detailed today in an Executive Order: Chairman Hensarling:  “I’m very pleased that President Trump signed this executive action,…

WEEK IN REVIEW

| Posted in Press Releases

House Stops Rule that Disadvantaged American Companies Legislation to repeal a controversial Dodd-Frank Act regulation that puts American public companies at a disadvantage against many foreign competitors is headed to President Trump’s desk after its passage this week by the House and Senate. The House voted 235-187 on Wednesday for House Joint Resolution 41 to disapprove the regulation…

Hensarling Opening Statement at Committee Organizational Meeting

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s meeting to approve the Committee’s rules for the 115th Congress: I wish to welcome all Members – new Members and returning Members – to the Financial Services Committee for the 115th Congress.  While we know there are profound philosophical differences separated by…

House Rejects Dodd-Frank Regulation That Puts American Energy Companies at a Disadvantage with Foreign Competitors

| Posted in Press Releases

The House of Representatives today voted 235-187 to repeal a controversial Dodd-Frank Act regulation that puts American public companies at a disadvantage against many foreign competitors like state-owned companies in China and Russia. It will cost American public companies nearly $600 million each year to comply with the regulation, according to estimates from the Securities and…

Hensarling Announces New Staff Director

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that Kirsten Mork has been promoted to the position of Staff Director of the House Financial Services Committee. “Since I became Chairman in 2013, Kirsten has done a superb job as the committee’s Deputy Staff Director and serves as an indispensable adviser to me and members of the Committee.  She has…

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