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House Passes Bipartisan Bill Bringing Financial Transparency to Iranian Regime

| Posted in Press Releases

WASHINGTON – In a vote of 282-143 on Wednesday, the House passed a bipartisan bill approved by the Financial Services Committee that will bring transparency to the financial assets held by Iran’s top political and military leaders and how these assets contribute to Iran’s funding of terrorism. House Financial Services Committee Chairman Jeb Hensarling made the following comments on the…

Subcommittee Examines How Vouchers Open Up New Housing, Job and Educational Opportunities

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WASHINGTON – Enhancing the portability of housing assistance vouchers will help recipients achieve economic self-sufficiency by opening up new and better job, education and housing opportunities, witnesses told the Subcommittee on Housing and Insurance today. The hearing was the ninth held by the Subcommittee since January 2015 on “The Future of Housing in America.” “Too often, the…

ICYMI: Hensarling Discusses Wells-Fargo

| Posted in In Case You Missed It

“We are going to get to the bottom of this, because potentially millions of customers have been ripped off by Wells-Fargo and they’ve also, in many respects, been ripped off by their government… How does this go on so long? Why does it take the L.A. Times to break this story, when we’re paying federal investigators to investigate?" …

House Votes This Week on Bipartisan Bill Bringing Financial Transparency to Iranian Regime

| Posted in Press Releases

WASHINGTON -- The House this week is scheduled to debate a bipartisan bill approved by the Financial Services Committee that will bring transparency to the financial assets held by Iran’s top political and military leaders and how these assets contribute to Iran’s funding of terrorism. “The Islamic Republic of Iran is identified as both the world’s foremost state sponsor of terrorism and…

Committee Opens Investigation of Wells Fargo

| Posted in Press Releases

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX) said today the committee has launched an investigation into alleged fraud that led to the opening of unauthorized customer accounts at Wells Fargo and the role of Washington regulators in monitoring and investigating this activity. As part of its investigation, the committee will be calling John Stumpf, the…

WEEK IN REVIEW

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Committee Approves Financial CHOICE Act “The Financial CHOICE Act will help grow the economy for all Americans, not just those at the top.  It promotes strong and transparent markets to revitalize job creation in our poorest communities and ensures every American has the opportunity to achieve financial independence, no matter where they start out in life,” said Chairman…

Media Advisory: Committee Hearing Schedule for the Week of September 19

| Posted in Press Releases

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of Sept. 19: Wednesday, Sept. 21 at 10:00 a.m. – The Subcommittee on Housing and Insurance will hold a hearing entitled “The Future of Housing In America: A Better Way to Increase Efficiencies For Housing Vouchers and Create Upward Economic Mobility.” Wednesday,…

Committee Approves Financial CHOICE Act

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Legislation to end bailouts for big banks, toughen penalties for wrongdoing on Wall Street, promote economic growth, and provide desperately needed regulatory relief for small community banks and credit unions passed the House Financial Services Committee 30-26 today. The legislation – the Financial CHOICE Act – ends the Dodd-Frank Act’s taxpayer-funded bailouts of large financial…

Hensarling Opening Statement at Financial CHOICE Act Markup

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Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's markup of H.R. 5983, the Financial CHOICE Act: It has been six years since the passage of Dodd-Frank.  We were told it would lift our economy, but instead we are stuck in the slowest, weakest, most tepid recovery in the history of the Republic.  The economy does…

Hensarling Files Financial CHOICE Act

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) today formally introduced the Financial CHOICE Act, the Republican alternative to the failed Dodd-Frank Act which has contributed to the weakest and slowest economic recovery since at least World War II.  The Financial CHOICE Act, H.R. 5983, will end taxpayer-funded bailouts of large financial institutions; relieve banks…

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