News List

    CLICK HERE TO READ Published July 21, 2014 By Rep. Jeb Hensarling President Obama promised the sprawling Dodd-Frank Act he signed four years ago this week would “lift the economy,” “end too big to fail,” “end bailouts,” and “increase investment and entrepreneurship.” Instead, Dodd-Frank… Read more »

e·gre·gious -- outstandingly bad; shocking.  The Ex-Im Bank’s Support for Australia’s “Corporate Welfare Queen”    Australia’s richest citizen Gina Rinehart in Singapore at the signing of agreements for the Roy Hill mine. … Read more »

While some media attention has focused on one particular witness who will appear at Wednesday’s Financial Services Committee hearing to assess the Dodd-Frank Act on its 4th anniversary, others will be testifying about the realities of Dodd-Frank. Wednesday’s hearing will feature four witnesses from across the country who will discuss the real world harm Dodd-Frank is having on… Read more »

Financial Services Committee Jeb Hensarling (R-TX) today responded to claims being made by supporters of the Export-Import Bank about Ex-Im and small businesses: “For political purposes, Ex-Im is desperately trying to portray itself as a friend of small business.  But Ex-Im backs exports for less than one percent of one percent of America’s small businesses.  Just 0.009 percent… Read more »

At his event in Seattle tonight, it won’t be surprising if President Obama praises the Export-Import Bank as a “jobs creator” that “doesn’t cost taxpayers anything.” It’s a far cry from how he used to describe the Export-Import Bank – as “little more than a fund for corporate welfare.” The President may hope that his audience is unfamiliar with those remarks.  He may also hope they… Read more »

On Wednesday at 10:00 a.m. the Full Committee will hold a hearing to assess the impact of the Dodd-Frank Act on its four-year anniversary. To view the committee staff report on “too big to fail” that was released today, click here. On Thursday at 10:00 a.m. the Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to examine the SEC’s Division of… Read more »

July 21, 2014 Report: Dodd-Frank Act Does Not End Too Big to Fail But Perpetuates It as Official Policy WASHINGTON - House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Patrick McHenry (R-NC) today released a committee staff report that concludes the Dodd-Frank Act did not end “too big to fail” as the law’s supporters… Read more »

With One Hand U.S. Sanctions Russian Companies, But With the Other…     The Export-Import Bank is financing deals with Russian companies hit by U.S. sanctions this past week.   Two of the four Russian firms targeted with new sanctions announced last week by the Obama administration have received more than $1 billion in U.S. taxpayer-financed subsidies from the… Read more »

CLICK HERE TO WATCH   In this week's FSC Video Message, watch Rep. Blaine Luetkemeyer (Twitter|Facebook) discuss H.R. 4986, the End Operation Choke Point Act. The bill is designed to put an end to government attempts to shut down entire portions of the private sector based on what… Read more »

Full Committee Receives Semi-Annual Testimony on Monetary Policy and the State of the Economy  On Wednesday, the full committee held a hearing to receive the semi-annual testimony from Federal Reserve Chair Janet Yellen on the conduct of monetary policy and the state of the economy.  Members of the committee called attention to the Federal Reserve… Read more »