House Passes Two Bipartisan Bills to Relieve the Red Tape Burden on Job Creators
| Posted in Press Releases
The House of Representatives yesterday overwhelmingly passed two bipartisan Financial Services Committee bills to reduce the red tape burden for our nation’s job creators and to fix unintended consequences of derivatives provisions in the Dodd-Frank Act. CFPB Collecting Confidential Financial Information on Millions of Americans
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At a time when Washington is awash in scandals over mass surveillance and political targeting, the Consumer Financial Protection Bureau (CFPB) has spent at least $10.3 million to collect confidential financial information on Americans, a Financial Services subcommittee learned today. Dodd-Frank's "Systemically Important" Designations and Orderly Liquidation Authority Raise Constitutional Questions
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Not only did the Dodd-Frank Act fail to end “Too Big to Fail,” its provisions regarding the designation of large firms as “systemically important” and the resolution of such firms may also be unconstitutional, the Oversight and Investigations Subcommittee heard from expert witnesses today. Weekly Rundown
| Posted in Member Corner
Welcome back from the Independence Day break! We kick off the last four-week stretch of congressional activity before August with two suspensions and three hearings this week. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week. Here's what's happening: On Monday the House is expected to consider… Big Brother is Watching... Your Bank Account
| Posted in Member Corner
At a time when Washington is awash in scandals over mass surveillance and political targeting, the CFPB is amassing tens of millions of your private financial records and consumer data. According to Investors Business Daily, the "massive database of personal information" includes "monthly credit card, mortgage, car and other payments," giving the bureau a snapshot of your bill-paying and… Chairman Hensarling Announces Hearing Schedule
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the first half of July. Sunday Video Message | Rep. Keith Rothfus
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Pennsylvania Congressman Keith Rothfus (Facebook | Twitter) delivers this week's Sunday Video Message. He shares his reaction to Wednesday's full committee hearing on "Too Big to Fail" in the post-Dodd-Frank world. Spoiler Alert! Dodd-Frank did not, does not and will not end Too Big to Fail. Weekend Must Reads
| Posted in Member Corner
Wall Street Journal: Regulators have created a mortgage minefield Incompatible and contradictory federal regulations -- including those in Dodd-Frank -- have created a mortgage minefield. The ultimate casualties will be the nascent housing recovery and the American home buyer. AEI: Overzealous intervention dooms the market Those who want government guarantees… HUD's Moving to Work Program is the Best Approach Available to Help Families in Public Housing Achieve Self-Sufficiency
| Posted in Press Releases
The Department of Housing and Urban Development’s (HUD) Moving to Work program is the best approach available to help families in public housing achieve self-sufficiency, witnesses told the Housing and Insurance Subcommittee at a hearing yesterday. Chairman Hensarling Opening Statement at Today's Full Committee Hearing on 'Too-Big-to-Fail' Post- Dodd-Frank
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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing examining how the Dodd-Frank Act could result in more taxpayer-funded bailouts: “Not long after the financial crisis arose in 2008, we heard the cry ‘Occupy Wall Street!’ Most Americans have never wanted to occupy Wall Street, they just… Browse Documents by Date or Issue |
