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House Overwhelmingly Approves Terror Insurance Reauthorization

| Posted in Press Releases

  CLICK HERE TO WATCH The House on Wednesday approved 417-7 a bipartisan, six-year reauthorization of the Terrorism Risk Insurance Act (TRIA) with reforms to protect taxpayers and a clarification of the  Dodd-Frank Act to protect jobs at Main Street businesses that had nothing to do with the…

Bipartisan Financial Services Bills Earn Overwhelming House Approval

| Posted in Press Releases

The House today voted to approve several strongly bipartisan bills designed to help consumers manage their bank accounts, help investors make better informed decisions and lessen regulatory burdens on small companies seeking investments. The bills, many of which had previously attracted solid bipartisan support in the House Financial Services Committee, are common sense steps to…

FSC Majority | Week in Review

| Posted in Member Corner

Hensarling Announces Subcommittee Chairs and Welcomes Republican Members to the Financial Services Committee "I look forward to working alongside my colleagues to pass laws that help grow the economy from Main Street up, not Washington down,” said Chairman Hensarling. “Our committee will continue to focus on promoting sensible solutions that help create jobs and hold both Washington and…

Hensarling Announces Subcommittee Chairmen for 114th Congress

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced he has selected the subcommittee chairmen for the Financial Services Committee in the 114th Congress. “I look forward to working alongside my colleagues to pass laws that help grow the economy from Main Street up, not Washington down,” said Chairman Hensarling. “Our committee will continue to focus on…

Hensarling Welcomes Republican Members to the Financial Services Committee

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the following members have been recommended for appointment to the Financial Services Committee in the 114th Congress by the Republican Steering Committee. “I look forward to working alongside my colleagues to pass laws that help grow the economy from Main Street up, not Washington down,” said Chairman…

Hensarling Elected to Second Term as Chairman

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after he was elected to a second term as Chairman of the committee for the 114th Congress. “I am humbled by the support and trust of my colleagues as I continue my service as Chairman of the Financial Services Committee. House Republicans know the only real way to grow the economy is from…

Hensarling: SEC Should Not Ignore Ideas at Small Business Capital Formation Forum

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comment about the Securities and Exchange Commission’s annual Government-Business Forum on Small Business Capital Formation being held in Washington: “Year in and year out the SEC has failed to act on many, if not most, of the recommendations provided by the Forum.  In fact, a number of reforms…

Chairman Hensarling Statement on FHA Capital Standards

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement regarding the Federal Housing Administration’s (FHA) failure to once again meet its capital ratio requirement.   “A year ago the FHA received its first-ever taxpayer-funded bailout and 12 months later the FHA has once again failed to meet its legally required minimum capital…

Investigation Reveals Export-Import Bank Exaggerating Help for Small Business

| Posted in Member Corner

Investigation Reveals Export-Import Bank Exaggerating Help for Small Business Reuters news agency investigation finds Ex-Im lists “companies owned by billionaires” and “Japanese and European conglomerates” as “small businesses” Ex-Im’s list of “small businesses” includes one that has 53,000 employees “The errors make it difficult to identify exactly how much Ex-Im support…

FSC Majority | Week in Review

| Posted in Member Corner

Full Committee Examines Terrorist Financing and the Islamic State The Financial Services Committee examined ongoing U.S. efforts to stop the Islamic State (ISIL) and other terror groups from obtaining and deploying financial resources at a hearing on Thursday. “Unlike al Qaeda and other terror groups with which we are familiar and rely mainly on private donations and state sponsorship…