Time Change for Release of Fed Chairman’s Testimony
| Posted in Press Releases
Federal Reserve Chairman Ben Bernanke’s testimony and the semi-annual Monetary Policy Report he will deliver to the House Financial Services Committee on Wednesday, July 17 will be released to the public at 8:30 a.m. EDT that day. Weekly Rundown
| Posted in Member Corner
This week we'll hold two major full committee hearings. 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 Wednesday, the full committee welcomes Federal Reserve Chairman Ben Bernanke at 10 a.m. for the July Humphrey-Hawkins hearing. The Fed Chief's… The PATH Act Sustains the 30-Year Fixed Rate Mortgage
| Posted in Member Corner
Leaders of the Financial Services Committee have proposed the PATH Act – the Protecting American Taxpayers and Homeowners Act (.pdf) – to create a sustainable housing finance system for the 21st century. The proposal: Ends the taxpayer-funded bailout of Fannie Mae and Freddie Mac that has cost taxpayers nearly $200 billion – the largest bailout in history; Increases… Sunday Video Message | Chairman Jeb Hensarling
| Posted in Member Corner
Chairman Jeb Hensarling delivers this week's Sunday Video Message introducing the Protecting American Homeowners and Taxpayers Act, the PATH Act for short. Weekend Must Reads
| Posted in Member Corner
Wall Street Journal: Housing Reform Breakout The House GOP moves to revive the private home mortgage market. New York Times: Diverging Debate at Fed on When to End Stimulus Federal Reserve Chairman Ben Bernanke said on Wednesday that the Fed was likely to extend the centerpiece of its campaign to bolster the economy — keeping short-term interest rates close to zero —… Committee Leaders Announce PATH Act to End Taxpayer Bailout and Create Sustainable Housing Finance System
| Posted in Press Releases
Leaders on the Financial Services Committee today announced the PATH Act – the Protecting American Taxpayers and Homeowners Act – to create a sustainable housing finance system. ICYMI Praise for PATH Act
| Posted in Member Corner
Wall Street Journal Editorial: Housing Reform Breakout One perverse result of the financial crisis is that Washington has nationalized housing finance. Taxpayers guarantee about 85% of new mortgages, some $5.1 trillion in mortgage credit and growing. So it's a big and welcome political breakthrough that House Republicans are taking… 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
| Posted in Press Releases
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
| Posted in Press Releases
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. Browse Documents by Date or Issue |
