News List

WASHINGTON -- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of Sept. 5: Wednesday, Sept. 7 at 10:00 a.m. -- The Subcommittee on Monetary Policy and Trade will hold a hearing to examine the governance of Federal Reserve Banks and how it relates to the conduct of monetary policy and economic performance.  Witnesses at… Read more »

WASHINGTON -- The House next week is scheduled to debate two bills approved by the Financial Services Committee that will reduce regulatory burdens so small businesses can better access capital and create jobs. “It’s unacceptable that our economy is barely growing.  If we want to ignite strong and lasting growth, help create more jobs and build a healthy economy for all Americans,… Read more »

Just last week the White House was claiming that the crushing regulatory burden of the Dodd-Frank Act wasn’t harming community banks – not one bit. Community bankers, credit union leaders and small business owners told us that’s absolutely not true. Today’s report from Bloomberg (Headline: Bank Mergers Heading for Seven-Year High, Pushed by Costly Rules) once again exposes how feeble… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on Thursday after the State Department admitted that the United States would not hand over $400 million in cash to Iran until it released four American hostages: “There’s a word for that.  It’s called ransom.  But two weeks ago President Obama insisted to the American people that the… Read more »

Like Captain Renault, Americans are shocked – SHOCKED – that a report by the White House says a law supported by the White House doesn’t hurt community banks, no matter what. Well, over the last few years Republicans on the House Financial Services Committee have asked community bankers, credit union leaders, and small business operators what THEY think about the Dodd-Frank… Read more »

WASHINGTON – The Federal Housing Administration (FHA) is steering borrowers toward a down payment assistance program with a funding scheme that violates federal law, forces borrowers to accept a higher interest rate, and poses a risk to the FHA’s insurance fund, according to the Inspector General of the Department of Housing and Urban Development (HUD). In addition, while the Inspector… Read more »

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments after President Obama signed into law H.R. 3700, the Housing Opportunity Through Modernization Act: “Our committee has achieved a solid record of passing bipartisan legislation, including this important bill that modernizes outdated housing rules and regulations that in some cases… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments today on the sixth anniversary of the failed Dodd-Frank Act being signed into law: "One of the main reasons why we’re stuck in the worst economic recovery of our lifetimes is the Dodd-Frank Act, a grave mistake Democrats inflicted upon the American people six years ago today. "Only Washington… Read more »

By Gretchen Morgenson Read more »

Financial CHOICE Act Protects Taxpayers From Bailouts, Promotes Economic Growth The Financial Services Committee’s hearing on Tuesday focused on the new model offered by the Financial CHOICE Act in which banks operate at higher capital levels in exchange for relief from government micro-management. “The Financial CHOICE Act will relieve financial institutions from growth-strangling… Read more »