News List

NOTE: A version of this article will appear in the January 16, 2013 print edition of The Washington Times.  View online at The Washington Times here By: Rep. Jeb Hensarling There is no doubt that Hurricane Sandy rendered unspeakable damage to lives and property on our East Coast. It truly represents one of the great natural disasters of recent history. For millions of our fellow… Read more »

Financial Services Committee Chairman Jeb Hensarling made the following comments about the Ability to Repay and Qualified Mortgage rule released by the Consumer Financial Protection Bureau today:  “The CFPB has been given a job that is both impossible and dangerous.  Impossible because the CFPB is a big government bureaucracy in Washington attempting to determine which… Read more »

Financial Services Committee Chairman Jeb Hensarling today released the following statement on President Obama’s nomination of Jack Lew to be Treasury Secretary: “I congratulate Mr. Lew on his nomination, but changing the nameplate on the door of the Treasury Secretary’s office won’t improve our economy or save our nation from impending bankruptcy.  That can only happen with a… Read more »

Financial Services Committee Chairman Jeb Hensarling today spoke on the need to end taxpayer bailouts of the National Flood Insurance Program as the House debated Hurricane Sandy legislation that temporarily increases the program’s authority to borrow $9.7 billion.  The flood insurance program is already in debt by more than $20 billion. “As Chairman of the Financial Services… Read more »

Financial Services Committee Chairman Jeb Hensarling announced today that outgoing Chairman Spencer Bachus will serve as the committee’s Chairman Emeritus in the 113th Congress.  “Members on both sides of the aisle have tremendous respect and admiration for Chairman Bachus.  Conferring the status of Chairman Emeritus is a recognition of Spencer’s many contributions and the… Read more »

Financial Services Committee Chairman Jeb Hensarling on Thursday announced the team of veteran senior staffers who will help him lead the committee during the 113th Congress. “Our members are fortunate to have such a talented team serving in these key positions,” said Chairman Hensarling.  “We will tackle a very busy agenda this year focused on reviving and strengthening the… Read more »

Chairman-elect Jeb Hensarling today announced he has selected his leadership team for the Financial Services Committee of the 113th Congress. “I look forward to working alongside my colleagues to pass laws to help foster the deepest, most liquid, competitive, efficient, innovative, and transparent capital markets the world has ever known,” said Hensarling.    “This… Read more »

Financial Services Committee Chairman Spencer Bachus today delivered the following statement at a hearing on the Volcker Rule, a controversial provision of the Dodd-Frank Act designed to prohibit proprietary trading by U.S. banks.  The committee's hearing examined the harmful impacts the Volcker Rule will have on job creation, the economy and investors. "This morning the Committee… Read more »

Two important bipartisan bills that came out of the Financial Services Committee earlier this year are headed to the president’s desk for his signature. One bill, sponsored by Rep. Blaine Luetkemeyer and Rep. David Scott, eliminates a redundant fee disclosure requirement on automatic teller machines (ATMs) that has spawned lawsuits by unscrupulous plaintiffs and vandals who sue ATM… Read more »

The House on Wednesday passed bipartisan legislation that eliminates confusion for consumers and ends duplicative and bureaucratic paperwork requirements for financial institutions. The bill, the Eliminate Privacy Notice Confusion Act, ends the annual privacy notice requirement for financial institutions if the institutions have not made any changes to their privacy practices over the… Read more »