Chairman Hensarling Outlines Steps for Sustainable Housing Policy
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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s committee hearing on regulatory impediments to the re-entry of private capital in the housing finance sector. The committee has been holding a series of hearings on the need to create a sustainable housing finance system: Subcommittee Examines U.S. Role in the International Monetary Fund
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The House Financial Services Subcommittee on Monetary Policy and Trade today examined the U.S. role in the International Monetary Fund (IMF) and the Obama Administration’s request that Congress approve a larger U.S. quota contribution to the international organization. What They're Saying: CFPB Director Appointment is Invalid, Illegal, Unconstitutional
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“President Obama's attempt to unilaterally appoint three people to seats on the National Labor Relations Board and Richard Cordray to head the new Consumer Financial Protection Bureau is more than an unconstitutional attempt to circumvent the Senate's advise-and-consent role. It is a breathtaking violation of the separation of powers and the… Wagner: It’s past time for the SEC to implement the JOBS Act
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By Ann Wagner A little over a year ago, Congress passed the Jumpstart Our Business Startups (JOBS) Act. The JOBS Act was designed to make it easier for entrepreneurs to raise capital and turn their ideas into job-creating businesses that might one day go public. At a time of slow growth and high unemployment, the JOBS Act was a big win for the… Hensarling: CFPB Has No Valid Director So Financial Services Committee Cannot Accept Testimony on Semi-Annual Report
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The House Financial Services Committee cannot legally accept testimony from Richard Cordray on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report until he is validly appointed as the bureau’s director, said Rep. Jeb Hensarling (R-TX), the committee’s chairman. However, the committee will continue to conduct rigorous oversight of the CFPB. Weekend Must Reads
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WSJ-MarketWatch: How Thatcher would have fixed the financial crisis She ignored conventional wisdom, acted on her beliefs UK Telegraph: The IMF is flunking the financial crisis By turning its fire on Britain, the IMF gives the impression it is out of ideas and solutions Financial Times: Wake up to the #Twitter effect on markets Investors need to spend more time thinking… Who is Too Big to Fail?: Hearing Examines if Dodd-Frank Authorizes the Break Up of Financial Institutions
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After two and half years, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) have yet to clarify their authority under the Dodd-Frank Act to break up large financial institutions, leaving questions as to what their view of this authority is, the Financial Services Committee Oversight and Investigation Subcommittee learned at a hearing yesterday. SEC’s Failure to Implement Bipartisan JOBS Act Harms Economy
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By ignoring the deadline to implement a key provision of a bipartisan law approved a year ago, the Securities and Exchange Commission (SEC) is costing America’s struggling economy desperately needed jobs, members of the Financial Services Oversight and Investigations Subcommittee said today during a hearing. Subcommittee Hearing Examines Regulatory Burden on Community Banks
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The regulatory burden stemming from the confusing, complex and voluminous rules and regulations mandated by the Dodd-Frank Act are having a harmful effect on community banks’ ability to serve their customers, according to industry experts testifying at today’s House Financial Services Committee Financial Institutions Subcommittee hearing. Hensarling Votes for Legislative Response to Obama’s Unconstitutional Labor Relations Board Appointments
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today voted for legislation requiring the National Labor Relations Board (NLRB) to cease activity until legal uncertainty over the President’s appointment of board members is resolved. Browse Documents by Date or Issue |
