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Chairman Hensarling: "For us to have a healthy economy, we must put the nation on a sustainable fiscal path. And to have a sustainable fiscal path, we must also have a sustainable housing finance system. I have grave fears that FHA, as it is operating today, is an impediment to both."

| Posted in Press Releases
Tags: Full Committee, Subcommittee on Housing and Insurance

WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled “Bailout, Bust, or Much Ado About Nothing?: A Look at the Federal Housing Administration’s 2012 Actuarial Report.”

Chairman Hensarling: "Open Question Whether FHA Has Now Morphed into Countrywide. Arguably, the FHA Has Now Become the Nation's Largest Subprime Lender"

| Posted in Press Releases
Tags: Full Committee

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing on the proper role of the Federal Housing Administration (FHA) in the nation's mortgage insurance market.  Today's hearing is the first in a series of hearings the committee plans on the FHA.    "Last week many of us awoke to…

Chairman Hensarling Announces Series of Committee Hearings Focused on Looming Financial Crisis at FHA

| Posted in Press Releases

Chairman Jeb Hensarling announced today that the Financial Services Committee will hold a series of hearings throughout the year that focus on the financially troubled Federal Housing Administration, the FHA’s outsized role in the nation’s housing finance system, and the need to create a sustainable mortgage finance system. The FHA’s single-family insurance fund, which insures more…

Chairman Hensarling's Statement on Federal Reserve Announcement of Continued Stimulus

| Posted in Press Releases

Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, issued the following statement today regarding the Federal Reserve’s announcement of continued monetary stimulus.  “Unfortunately, as evidenced by today’s announcement, the Federal Reserve continues to use expansive monetary policy to cover a multitude of fiscal policy sins.  “At a time…

Chairman Hensarling: 'Our Committee Will Once Again Advance a Proposal to Bring Accountability and Oversight to the CFPB'

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling today released the following statement regarding the U.S. Court of Appeals for the D.C. Circuit's ruling on President Obama’s alleged “recess” appointments: "President Obama’s administration has too often demonstrated a disregard for legislative authority and the separation of powers. In making these appointments, he essentially…

Chairman Hensarling Comments on SEC and CFPB Nominations

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling today issued the following statement on President Obama’s nominations for Chairman of the Securities and Exchange Commission (SEC) and for Director of the Consumer Financial Protection Bureau (CFPB): “I congratulate Mary Jo White on her nomination and will be particularly interested to learn during her confirmation hearings how…

Chairman Hensarling Announces Subcommittee Assignments

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling today announced subcommittee assignments for the panel’s Republican members. “Given the state of our struggling economy, the work of our committee and subcommittees has perhaps never been more important to hard-working taxpayers.  The fact is that during the past few years, we’ve seen a mind-numbing, innovation-choking,…

Government to use Sandy ‘relief’ as cover for…more spending

| Posted in In Case You Missed It

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…

Chairman Hensarling Responds to CFPB’s New Mortgage Rules

| Posted in Press Releases

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…