WSJ Opinion: The Debt Problem Hasn't Vanished
| Posted in Member Corner
By Phil Gramm and Steve McMillin President Obama has raised the national debt by nearly $6.2 trillion, the equivalent of $78,385 per family of four. It is true that projected deficits recently have been reduced. April tax filings increased 28% from 2012, but much of this was thanks to a one-time rush at the end of 2012 to report income before rates rose in January. The second… Oversight & Investigations Subcommittee Hearing Examines "Too Big to Jail"
| Posted in Press Releases
Members of the House Financial Services Oversight and Investigation Subcommittee today questioned a witness from the Department of Justice about how the department decides which financial institutions are “too big to jail” and what information they rely upon to make such decisions. Three Things You Need to Know About The FSOC
| Posted in Member Corner
Tomorrow, Treasury Secretary Lew will deliver his annual report on the Financial Stability Oversight Council (FSOC). Here’s three things you need to know about FSOC: 1. The FSOC is failing to effectively monitor and mitigate systemic risk The Government Accountability Office (GAO) noted in an audit report to Congress in September 2012, the FSOC has “not developed a structure that… Hearing Shows CFPB's QM Rule Limits Access to Credit
| Posted in Press Releases
Members of the Financial Institutions and Consumer Credit Subcommittee expressed concerns at a hearing today that the Qualified Mortgage rule mandated by the Dodd-Frank Act will reduce access to credit that qualified borrowers need to buy homes. Dodd-Frank’s ‘Conflict Minerals’ Provision Has Failed to Reduce Violence, Made Matters Worse for Congo
| Posted in Press Releases
A provision buried deep within the 2,300-page Dodd-Frank Act is hurting the very people it was supposed to help in the war-torn central African nation of the Congo, according to expert witnesses who testified today before the Monetary Policy and Trade Subcommittee. Weekly Rundown
| Posted in Member Corner
Five hearings -- including Treasury Secretary Lew’s first testimony before a House committee since the IRS scandal -- make for another busy week at the House Financial Services Committee. 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: On Tuesday the Financial Institutions… Weekend Must Reads
| Posted in Member Corner
Wall Street Journal: How to Let Too-Big-To-Fail Banks Fail Dodd-Frank does not end the threat of taxpayer bailouts. A reform to the bankruptcy code will do the trick. The Hill: Implementing the vision of financial reform There are three distinct phases of leadership when attempting to implement change: vision, structure and implementation. This same process can be applied… H.R. 1062 Requires SEC to Perform Cost-Benefit Analysis
| Posted in Member Corner
Capital Markets & GSE Subcommittee Chairman Scott Garrett stopped by to tell us about H.R. 1062, the SEC Regulatory Accountability Act. H.R. 1062 is common-sense legislation that essentially codifies President Obama's Executive Order No. 13563 with regard to the Securities and Exchange Commission. Chairman Hensarling Floor Remarks on H.R. 1062, the SEC Regulatory Accountability Act
| Posted in Press Releases
House Financial Services Committee Chairman Jeb Hensalring (R-TX) delivered the following statement on the House floor today in support of H.R. 1062, the SEC Accountability Act. Hensarling: IRS Scandal Raises Concerns About “Tactics of Harassment” within the Administration
| Posted in Press Releases
At an oversight hearing on the Securities and Exchange Commission (SEC) today, Financial Services Committee Chairman Jeb Hensarling (R-TX) said the IRS scandal causes Americans to wonder “just how pervasive the IRS’s tactics of harassment” are within the administration and whether a proposal before the SEC raises similar concerns that political opponents of the administration could be targeted. Browse Documents by Date or Issue |
