News List

Inaccuracy #1: “When the U.S. Consumer Financial Protection Bureau opened in 2011, the best available government office space large enough to accommodate its thousand-plus employees was a run-down concrete building on G Street near the White House that once housed the now-defunct Office of Thrift Supervision.” Facts:  The House Financial Services Committee has investigated whether… Read more »

Americans are increasingly alarmed about Russia’s nationalism and military aggression (just look at this week’s Pew Research poll), but the Export-Import Bank doesn’t seem to care. In fact, Ex-Im’s financing of Russian projects jumped 177% during Fiscal Year 2013 to a record $580 million.  (Ex-Im Bank 2013 Annual Report)   Hardworking Americans taxpayers should… Read more »

  July 13, 2014 Editorial                                                           Supporters say that killing the government Export-Import Bank would result in… Read more »

Hardworking American taxpayers, who are paying more for gas (“Gasoline prices at six-year high – AAA”) and “more for almost everything this year” (CNBC), might be wondering why President Obama refuses to approve the Keystone Pipeline but is using their tax dollars to finance foreign corporate welfare -- like the nearly $5 billion in direct… Read more »

Committee Seeks Accountability and Transparency at the Federal Reserve On Thursday, the Financial Services Committee held a hearing to examine H.R. 5018, the Federal Reserve Accountability and Transparency Act. The proposal is the first piece of legislation to arise from the Committee’s Federal Reserve Centennial Oversight Project. "We do not suggest for a moment that Congress, much… Read more »

Two House Financial Services subcommittees will hold hearings on Tuesday to examine the Department of Justice’s “Operation Choke Point” and to discuss proposals that reduce the excessive federal regulatory burden. On Thursday, a third subcommittee will hold a hearing on matters related to court judgments against the Colombian terror group FARC for actions taken against Americans in… Read more »

     CLICK HERE TO WATCH   House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine H.R. 5018, the Federal Reserve Accountability and Transparency Act: When this Committee first embarked… Read more »

The House is in session Tuesday through Friday this week. On Thursday at 10:00 a.m. the full committee will hold a hearing on legislation to reform the Federal Reserve on its 100-year anniversary. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for additional information throughout the week. Read more »

CLICK HERE TO VIEW THE REPORT The cost of renovating the CFPB’s rented headquarters has spiraled to more than $215 million – $65 million more than the agency’s estimate just six months ago and $120 million more than last year’s estimate, according to the Federal Reserve’s Inspector General. It also equals more than $590 per square foot… Read more »

1.    The Ex-Im Bank doesn’t create jobs. Government export finance assistance programs like Ex-Im “largely shift production among sectors within the economy rather than raise the overall level of employment in the economy.” - Government Accountability Office, “Export-Import Bank: Key Factors in Considering Ex-Im Bank Reauthorization”  “[A]t best the… Read more »