Weekend Must Reads
| Posted in Member Corner
Fortune: The Fed's other trillion dollar problem The amount of money banks have at the Fed recently reached 13 digits, for the first time ever. Bloomberg: New Home Prices Say What’s Different This Time Although no two business cycles are alike, most share some common characteristics. The interest-rate-sensitive sectors of the economy -- housing and manufacturing -- tend to… Chairman Hensarling Announces Remainder of Committee’s June Schedule
| Posted in Press Releases
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule of hearings and markups for the last two weeks of June. The Bigger Picture: Housing Subsidies and National Economies
| Posted in Member Corner
A survey of housing finance in other countries sheds light on the distortion that government subsidies for housing can cause in national economies. Professors at New York University’s Stern School of Business have pointed out that one thing that Spain and the United States have in common is a “massive misallocation of their economy’s resources to construction. The oversupply is… Chairman Hensarling: Time to EXIT the EXIM
| Posted in Press Releases
Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's Monetary Policy & Trade Subcommittee Hearing assessing reforms at the Export-Import Bank Media Buzz: That Time American Exceptionalism Isn’t So Exceptional
| Posted in Member Corner
Contrary to the Fannie & Freddie defenders’ assertions that America’s unique GSE-model of housing finance is the “envy of the world,” yesterday’s full committee hearing found that the U.S. ranks only 17th in the world in terms of the rate of homeownership. Our 65% homeownership rate puts us behind Australia, Ireland, Spain, and the United Kingdom, all of which provide far less… Chairman Hensarling on Successful Housing Finance Systems without Government Guarentees
| Posted in Press Releases
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled “Beyond GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.” Regulatory Barriers Continue to Hinder Capital Formation
| Posted in Press Releases
The bipartisan Jumpstart Our Business Startups (JOBS) Act – passed by Congress a year ago – is working to help startup companies grow and hire, but regulatory barriers to capital remain that hinder a stronger economy, members of the Capital Markets and Government Sponsored Enterprises Subcommittee learned at a hearing today. 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
| Posted in Press Releases
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… Browse Documents by Date or Issue |
