News List

WASHINGTON – The Terrorism and Illicit Finance Subcommittee met today to examine the implementation and enforcement of the Financial Crimes Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule to improve anti-money laundering efforts while safeguarding the U.S. financial system for its proper use. “Last week the Customer Due Diligence rule went into effect, capping a 6-year… Read more »

  WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX), issued the following statement on the floor just before the House voted 234-175 to pass S.J.… Read more »

The Financial Institutions and Consumer Credit Subcommittee held a hearing today to review the implementation of the Financial Criminal Enforcement Network’s (FinCEN) Customer Due Diligence (CDD) Rule from the point of view of financial institutions. “As a former banker and bank regulator, I understand the need for financial institutions to better know their customers and better… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced a change to this Friday’s subcommittee hearing: Friday, April 27 at 9:30 A.M. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing entitled “Implementation of FinCEN’s Customer Due Diligence Rule – Financial Institution Perspective.” The hearings will take place in Room 2128 of the… Read more »

The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to review the Securities and Exchange Commission’s (SEC) Division of Corporation Finance and analyze how recent activities and future agenda items by the Division will advance the SEC’s mission to both protect investors and facilitate capital formation.  "We must continue to make pro-growth reforms… Read more »

The Housing and Insurance Subcommittee met today to review the Department of Housing and Urban Development’s (HUD) role in rental assistance and a legislative proposal that would adjust rent costs for families in assisted housing. The “Promoting Resident Opportunity through Rent Reform Act,” which will be sponsored by Congressman Dennis Ross, would reform the approach and flexibility to… Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the Committee’s schedule for the week of April 23:   Wednesday, April 25 at 2:00 P.M. – The Housing and Insurance Subcommittee will hold a hearing entitled “HUD’s Role in Rental Assistance: An Oversight and Review of Legislative Proposals on Rent Reform.”   Thursday, April 26 at 10:00 A.M. – The Capital… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX), issued the following statement on an announced settlement between the Bureau of Consumer Financial Protection (Bureau), the Office of the Comptroller of the Currency (OCC) and Wells Fargo which ‘requires the bank to reimburse affected borrowers and pay a $1 billion fine’ as a result of the bank’s violation of the Consumer… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement on the Senate’s use of Congressional Review Authority to repeal the CFPB’s controversial 2013 indirect auto lending guidance. “The CFPB’s guidance on auto lending is a perfect example of everything that was wrong with the agency under its former director, Richard Cordray, and the danger… Read more »

The Housing and Insurance Subcommittee met today to review the Housing Choice Voucher Program and three legislative proposals that would improve mobility among families, foster kids and individuals recovering from opioid addiction within the program. The proposals are as follows: H.R. __, the “Housing Choice Voucher Mobility Demonstration Act of 2018,” would authorize the… Read more »