News List

House Passes Bill to Protect Low and Middle-Income Savers The House of Representatives passed H.R. 1090, the Retail Investor Protection Act sponsored by Rep. Ann Wagner (R-MO), on Tuesday by a bipartisan vote of 245-186. This bill was designed to put a stop to the Department of Labor's (DOL) proposed fiduciary rule that would make professional retirement investment advice for low and… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s tentative hearing schedule for the week of November 2nd.  November 3rd at 10 a.m. – A full committee markup of bring much-needed accountability, transparency, and reform to some of the Dodd-Frank Act’s most harmful provisions. Small business regulatory relief and capital formation… Read more »

President Obama’s failure to fulfill a requirement of the Dodd-Frank Act and appoint a Vice Chairman for Supervision at the Federal Reserve means Fed Chair Janet Yellen will testify next week before the House Financial Services Committee. Chairman Jeb Hensarling (R-TX) today announced Federal Reserve Chair Janet Yellen will testify on Nov. 4 before the Committee about the Fed’s actions… Read more »

The House on Tuesday passed H.R. 1090, the Retail Investor Protection Act, by a vote of 245-186.    The bill, sponsored by Financial Services Committee member Rep. Ann Wagner (R-MO), would stop the Department of Labor from finalizing its proposed fiduciary rule until the Securities and Exchange Commission (SEC) acts on the issue. “At one time this Administration told us ‘if… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement concerning the House’s vote on the Export-Import Bank: The more Americans learn about the Export-Import Bank’s political lending, corruption and fundamental unfairness, the more they want it to end. That’s why we’re seeing a record number in Congress vote to end Ex-Im both in the Senate,… Read more »

The Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing to examine the Securities and Exchange Commission’s (SEC) Division of Investment Management . The Division of Investment Management is responsible for the SEC’s regulation of investment companies, variable insurance products, and federally registered investment advisers. Subcommittee… Read more »

HUD at 50 The Financial Services Committee held a hearing Thursday to review the role and impact the Department of Housing and Urban Development (HUD) has had on federal housing policy in the 50 years since its creation. Chairman Jeb Hensarling (R-TX) said, "Our collective goal cannot be limited to helping people tolerate poverty, it must be to help them escape poverty. Whether I’ve… Read more »

One of the witnesses at today’s committee hearing on the Future of Housing in America is Renee Glover, who has been actively involved in affordable housing for more than 30 years from several different vantage points:  the private sector, the public sector and the international non-government sector.  From nearly 20 years, she was CEO of the Atlanta Housing Authority. In… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing to examine the Future of Housing in America and the Department of Housing and Urban Development (HUD) during its 50th anniversary year: In launching the War on Poverty, President Lyndon Johnson told us its purpose was, “not only to relieve the symptom of poverty but… Read more »

The Financial Services Committee continued its in-depth examination of federal housing policy with a hearing today focused on the role of the Department of Housing and Urban Development (HUD). One of the chief weapons in the “War on Poverty” launched by President Lyndon Johnson, HUD became a cabinet-level agency 50 years ago last month. “In its history HUD has clearly achieved good. It… Read more »