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Committee Hearing Schedule Week of July 21
Jul 18, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of July 21st: Wednesday, July 23 at 10:00 A.M.- A full committee hearing to assess the impact of the Dodd-Frank Act four years after it was signed into law. During an inter...
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Egregious Ex-Im Bank Deal of the Day
Jul 18, 2014
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Ex-Im and the Democratic Republic of the Congo President Obama and the First Lady pose with Denis Sassou-Nguesso, President of the DRC, and his wife, Mrs. Antoinette Sassou-Nguesso. The U.S. Statement Department reports the Democratic Republic of the Congo (DRC) is a country with “major human right...
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Chairman Hensarling Comments on Senate Passage of TRIA Reauthorization
Jul 17, 2014
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today made the following comments about the Senate’s passage of legislation to reauthorize the Terrorism Risk Insurance Program without meaningful reforms. The Financial Services Committee passed a pro-reform bill – the TRIA Reform Act – on...
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Egregious Ex-Im Bank Deal of the Day
Jul 17, 2014
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$10.3 Million: Ex-Im Acted “Fast” for Crony-Connected Solyndra “Ugh.” That’s exactly how taxpayers feel after losing money not just once but twice on the crony-connected and now-failed solar panel manufacturer Solyndra. Interestingly, both projects for Solyndra were dealt with rather quickly by the...
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Chairman Hensarling Discusses Federal Reserve Oversight, Dodd-Frank Anniversary on CNBC
Jul 17, 2014
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House Financial Services Committee Chairman Jeb Hensarling appeared this morning on CNBC’s Squawk on the Street to discuss the Committee’s Federal Reserve Centennial Oversight Project and the fourth anniversary of the Dodd-Frank Act being signed into law. CLICK HERE TO WATCH Hensarling on yesterday’...
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ICYMI - How to Spark Another 'Great Moderation'
Jul 16, 2014
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ICYMI - How to Spark Another 'Great Moderation' July 15, 2014 By John B. Taylor Sound money and free markets go hand in hand. In 1776, Adam Smith wrote of the importance of rules for "a well-regulated paper-money" in "The Wealth of Nations." In 1962, Milton Friedman made the chapter "Control of Mone...
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Hensarling to Yellen: “Follow a Rule”
Jul 16, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Federal Reserve Chair Janet Yellen on monetary policy and the state of the economy: CLICK HERE TO WATCH We welcome Chair Yellen for another Semi-Annual H...
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ICYMI - Egregious Ex-Im Bank Deal of the Day
Jul 16, 2014
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Why Are American Taxpayers Financing an Aquarium in Brazil? A rendering of the Acquario Aquarium in Fortaleza, Brazil (Ex-Im Release) Brazilians still embarrassed by their team’s stunning loss to Germany in the World Cup will soon be able to seek refuge in this “spectacular aquarium on the beach in...
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Hensarling: Dodd-Frank Results in Less Freedom, Less Opportunity and a Less Dynamic Economy
Jul 16, 2014
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Financial Services Committee Jeb Hensarling (R-TX) today delivered a speech at a conference sponsored jointly by the Mercatus Center and the CATO Institute on the Dodd-Frank Act. The following is the text of that speech as prepared for delivery: It’s an honor to be here speaking at this event sponso...
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Egregious Ex-Im Bank Deal of the Day
Jul 15, 2014
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e·gre·gious -- outstandingly bad; shocking It pays to have cronies in high places, especially at the Export-Import Bank it seems. The Ex-Im Bank gave millions in taxpayer-backed loans for Spanish green energy company Abengoa International – while former Gov. Bill Richardson (D-NM) sat on the adviso...
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