News List

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… Read more »

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. Read more »

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… Read more »

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. Read more »

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. Read more »

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. Read more »

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. Read more »

Forbes: Margaret Thatcher Exposed The Infantile Illusions Of Socialism              Margaret Thatcher’s economic policies, we are often told, were cruel, harsh, immoral. In fact she was a deeply moral thinker, and the moral superiority of the free market was central to her thinking. She made the case for it like no other major political… Read more »

Bipartisan measures to fix unintended consequences of derivatives provisions in the Dodd-Frank Act and to require the Securities and Exchange Commission (SEC) to conduct cost-benefit analyses of regulations were discussed during a hearing today of the Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises. Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today issued the following statement concerning the expectation in the President’s budget that the Federal Housing Administration (FHA) will require a nearly $1 billion taxpayer bailout this year: Read more »