News List

  • Chairman Hensarling Comments on Designation of ‘Too Big to Fail’ Institutions
    Jun 3, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today on the decision by the Financial Stability Oversight Council to designate certain non-bank financial firms as “too big to fail”: “Today, all because of the Dodd-Frank Act, hardworking taxpayers are at g... More
  • Three Things You Need to Know About The FSOC
    May 21, 2013 - 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... More
  • Oversight and Investigations Subcommittee Continues Review of ‘Too Big to Fail’
    May 15, 2013 - The Oversight and Investigations Subcommittee continued its review of the Dodd-Frank Act’s failure to end “Too Big to Fail” with a hearing on Wednesday that focused on the Act’s bailout regime. Although it has been nearly three years since Dodd-Frank became law, relatively little attention has been... More
  • Dodd-Frank's Gift to AIG
    May 8, 2013 - In a recent interview on CNBC, AIG President & CEO Bob Benmosche, said he expects his company to receive “systemically important financial institution” (SIFI) status — regulator speak for “too big to fail” (TBTF) — when the Fed and FDIC belatedly determine what firms constitute such “grave threats”... More
  • Chairman Hensarling Opening Statement at Today's Full Committee Markup
    May 7, 2013 - Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement today at the committee’s markup of bipartisan legislation related to the JOBS Act and the derivatives title of the Dodd-Frank Act, and a bill to require the Securities and Exchange Commission (SEC)... More
  • H.R. 742 Increases Global Swaps Market Transparency and Regulatory Corporation
    May 7, 2013 - Congressman Bill Huizenga joined us during the markup of H.R. 742 to discuss swap derivatives and why they're important to a range of industries and businesses. To ensure market transparency and global regulatory cooperation, the Dodd-Frank Act requires U.S. regulators to share information about th... More
  • Committee Will Follow the Law on CFPB Testimony
    Apr 26, 2013 - Chairman Jeb Hensarling announced this week that the committee cannot legally accept testimony from Richard Cordray on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report until he is legally installed as the CFPB Director. However, the committee will continue to conduct rigorous ov... More
  • Who is Too Big to Fail?: Hearing Examines if Dodd-Frank Authorizes the Break Up of Financial Institutions
    Apr 17, 2013 - 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 Ove... More
  • Subcommittees Focus on FHA; Too Big to Fail
    Mar 15, 2013 - FHA Government backing for the Federal Housing Administration (FHA) gives it competitive advantages over private sector mortgage insurers, driving them out of the marketplace and leaving homebuyers with fewer choices, witnesses told the Financial Services Subcommittee on Housing and Insurance. Wedn... More
  • Too Big to Fail; Too Big to Jail?
    Mar 14, 2013 - Last week Chairman Hensarling and Oversight & Investigations Subcommittee Chairman McHenry sent a letter to Attorney General Holder and Treasury Secretary Lew seeking any and all documents related to the consideration of economic factors in the decision to prosecute large banks for financial crimes... More