House Passes Bipartisan Bill Providing Greater Certainty for American Job Creators
| Posted in Press Releases
The House of Representatives today passed a bipartisan Financial Services Committee bill to provide greater certainty for America’s job creators so they can invest more in our struggling economy and create desperately needed jobs. Chairman Hensarling Speaks in Support of the Bipartisan Swap Jurisdiction Certainty Act
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House Financial Services Committee Chairman Jeb Hensalring (R-TX) delivered the following speech on the House floor today in support of H.R. 1256, the Swap Jurisdiction Certainty Act How the U.S. GSE Model Measures Up to the Rest of the World: We’re Number... 17?
| Posted in Member Corner
Proponents of the GSE model of housing finance often assert that the costs of that model are justified because it provides benefits that no other countries enjoy. In fact, before the collapse of the GSEs in 2008, their supporters often argued that “American housing finance is the envy of the world.” But the reality is that for all of the resources and subsidies that the GSEs directed (we… H.R. 1256 Calls for the CFTC and SEC to Work Together
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On Wednesday the House will consider H.R. 1256, the Swap Jurisdiction Certainty Act. The Problem: Swaps are uniquely tailored financial products traded globally (cross-border) by a variety of industries to manage risk. Under the Dodd-Frank Act, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are responsible for regulating swaps trades… Weekly Rundown
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We’ll hold four hearings -- including full committee action on sustainable housing finance reform -- this week in addition to our three (and a half) bills on the House Floor. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists -- for updates throughout the week. Here’s what’s happening: We’re told on Tuesday the Rules Committee will meet… Weekend Must Reads
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Wall Street Journal: The Hidden Jobless Disaster At the present slow pace of job growth, it will require more than a decade to get back to full employment defined by pre-recession standards. Bloomberg: Can the Fed Make Up Its Mind on QE? When the Federal Reserve first introduced its either/or stance on quantitative easing, I wasn’t sure if it was a PR ploy or a serious… Hearing Examines Role of Proxy Advisory Firms
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The Capital Markets and Government Sponsored Enterprises Subcommittee today examined the role proxy advisory firms play in corporate governance and what can be done to reduce the complexity and increase transparency of the proxy system. Media Buzz: FSOC Designates Non-Bank Financial Institutions as 'Too Big to Fail'
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Yesterday the Financial Stability Oversight Council (FSOC) put hardworking taxpayers at greater risk of being forced to fund yet another Wall Street bailout. Under their Dodd-Frank authority, the FSOC took preliminary steps to designate several non-bank financial institutions, including AIG, Prudential Financial and GE Capital, as “systemically important financial institutions” (SIFIs).… Weekly Rundown
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On Wednesday the Capital Markets & GSEs Subcommittee will hold our only scheduled hearing for the week examining the market power and impact of proxy advisory firms. But don’t get too comfortable. Next week we’ve scheduled four hearings, including a full committee hearing on alternative housing finance models as part of our effort to forge a sustainable housing finance system.… Chairman Hensarling Comments on Designation of ‘Too Big to Fail’ Institutions
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Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the decision by the Financial Stability Oversight Council to designate certain non-bank financial firms as “too big to fail” Browse Documents by Date or Issue |
