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Egregious Ex-Im Bank Deal of the Day

| Posted in Member Corner

$10.3 Million: Ex-Im Acted “Fast” for Crony-Connected Solyndra   “Ugh.”  That’s exactly how taxpayers feel after losing money not just once but twice on the crony-connected and now-failed solar panel manufacturer Solyndra. Interestingly, both projects for Solyndra were dealt with rather…

ICYMI - How to Spark Another 'Great Moderation'

| Posted in In Case You Missed It

ICYMI - How to Spark Another 'Great Moderation'     July 15, 2014 By John B. Taylor                                                           Sound money and free markets go hand in hand. In…

Hensarling to Yellen: “Follow a Rule”

| Posted in Press Releases

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Federal Reserve Chair Janet Yellen on monetary policy and the state of the economy: CLICK HERE TO WATCH We welcome Chair Yellen for another…

ICYMI - Egregious Ex-Im Bank Deal of the Day

| Posted in Member Corner

Why Are American Taxpayers Financing an Aquarium in Brazil? A rendering of the Acquario Aquarium in Fortaleza, Brazil (Ex-Im Release) Brazilians still embarrassed by their team’s stunning loss to Germany in the World Cup will soon be able to seek refuge in this “spectacular…

Hensarling: Dodd-Frank Results in Less Freedom, Less Opportunity and a Less Dynamic Economy

| Posted in Press Releases

Financial Services Committee Jeb Hensarling (R-TX) today delivered a speech at a conference sponsored jointly by the Mercatus Center and the CATO Institute on the Dodd-Frank Act.  The following is the text of that speech as prepared for delivery: It’s an honor to be here speaking at this event sponsored by two of the nation’s most prestigious and highly-regarded free market think…

Egregious Ex-Im Bank Deal of the Day

| Posted in Member Corner

 e·gre·gious -- outstandingly bad; shocking It pays to have cronies in high places, especially at the Export-Import Bank it seems. The Ex-Im Bank gave millions in taxpayer-backed loans for Spanish green energy company Abengoa International – while former Gov. Bill Richardson (D-NM)…

The Six Biggest Inaccuracies in the July 10 Bloomberg Businessweek Article Regarding the CFPB’s Building Renovations

| Posted in Member Corner

Inaccuracy #1: “When the U.S. Consumer Financial Protection Bureau opened in 2011, the best available government office space large enough to accommodate its thousand-plus employees was a run-down concrete building on G Street near the White House that once housed the now-defunct Office of Thrift Supervision.” Facts:  The House Financial Services Committee has investigated whether…

Egregious Ex-Im Bank Deal of the Day

| Posted in Member Corner

Americans are increasingly alarmed about Russia’s nationalism and military aggression (just look at this week’s Pew Research poll), but the Export-Import Bank doesn’t seem to care. In fact, Ex-Im’s financing of Russian projects jumped 177% during Fiscal Year 2013 to a record $580 million.  (Ex-Im Bank 2013 Annual Report)   Hardworking Americans taxpayers should…

ICYMI - Boeing Will Survive an Ex-Im Defeat

| Posted in In Case You Missed It

  July 13, 2014 Editorial                                                           Supporters say that killing the government Export-Import Bank would result in…