Subcommittee Hearing Finds Fed's 'Dual Mandate' Unusual, Sows Uncertainty
| Posted in Press Releases
At a hearing today comparing international central banking models, the subcommittee heard from witnesses that a more precise policy mandate, safeguarded by independence from the executive, bolsters a central bank’s credibility and improves economic outcomes. Weekly Rundown
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The House is in session Tuesday through Friday this week. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for committee specific information throughout the week. Here's what's happening: On Wednesday the committee will hold our two subcommittee hearings of the week. At 10 a.m. the Housing and Insurance… Weekend Must Reads
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Wall Street Journal | Affordable Housing Is What You Can Afford American Action Forum President Douglas Holtz-Eakin on a Senate housing “reform” bill that includes provisions for politically motivated lending. Baltimore Sun | Consumer protection bureau fails to protect A report by a Bipartisan Policy Center task force comes after almost a year's worth… Bailed Out Fannie and Freddie Are Repaying Taxpayers? FALSE
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Reports that failed government-run corporations Fannie Mae and Freddie Mac are close to “paying back” taxpayers for the largest bailout in American history are completely false, said Financial Services Chairman Jeb Hensarling (R-TX). Sunday Video Message | Rep. Mick Mulvaney
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Congressman Mick Mulvaney (Twitter | Facebook) delivers this week's Sunday Video Message on the $1.7 billion taxpayer-funded bailout of the Federal Housing Administration. This Halloween, Watch Out For Those Who Are Trying to Trick You About the PATH Act!
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The Protecting American Taxpayers and Homeowners Act – the PATH Act – expressly preserves the 30-year fixed rate mortgage. In fact, it's the only housing reform bill that specifically does so. But those who defend the status quo are trying to trick you into believing otherwise. Don't believe those scare tactics. Just read it for yourself. On page 39 of the bill, it's spelled out… Chairman Hensarling Speaks in Support of H.R. 992, the Swaps Regulatory Improvement Act
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today delivered the following remarks on the House floor in support of H.R. 992, the Swaps Regulatory Improvement Act: CBO: PATH Act Reduces Deficit by $5.7 Billion
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The non-partisan, independent Congressional Budget Office (CBO) reports the Protecting American Taxpayers and Homeowners Act (PATH Act) that the House Financial Services Committee passed in July will slash the federal budget deficit by $5.7 billion over the next 10 years. Chairman Hensarling Opening Statement at FHA Bailout Hearing
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Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on the Federal Housing Administration’s recent $1.7 billion taxpayer-funded bailout. The FHA is Broke, but Apparently No One is Accountable
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Today, the House Financial Services Committee held a hearing on the Federal Housing Administration’s (FHA) first-ever taxpayer-funded bailout — approximately $1.7 billion. Despite long-standing concerns about its solvency, the FHA has not taken the necessary steps to mitigate its losses. FHA currently has several means at its disposal to minimize losses to its insurance fund, yet… Browse Documents by Date or Issue |
