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Chairman Hensarling’s Statement on Senate Banking Committee Action
May 15, 2014
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today in response to the Senate Banking Committee’s markup of S. 1217, the Housing Finance Reform and Taxpayer Protection Act: "It is always good to see members of Congress working to move the complica...
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Financial Services Subcommittee Investigation Leads to Federal Probe of HUD
Feb 25, 2014
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An internal federal probe has concluded that Maurice Jones, Virginia Gov. Terry McAuliffe’s new commerce secretary, improperly lobbied Congress while he was in the Obama administration last year. Mr. Jones, who was a deputy secretary at the U.S. Department of Housing and Urban Development, sent an e...
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Chairman Hensarling Announces Upcoming Committee Schedule
May 31, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the first half of June. The committee’s schedule is tentative and will depend upon witness availability and other factors that may require changes. Therefore, each meeting will become fin...
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INFOGRAPHIC: Why is FHA a 'high risk' government program?
Feb 19, 2013
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On February 14, 2013 the Government Accountability Office (GAO) added the Federal Housing Administration (FHA) to its list of government programs identified as “high risk due to their greater vulnerability to fraud, waste, abuse and mismanagement or the need for transformation”.
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Chairman Hensarling Statement on FHA Being Added to "High Risk" List by GAO
Feb 14, 2013
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Financial Services Committee Chairman Jeb Hensarling released the following statement today after the Government Accountability Office (GAO) added the Federal Housing Administration (FHA) to its list of government programs identified as “high risk due to their greater vulnerability to fraud, waste, ...
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Chairman Hensarling: "For us to have a healthy economy, we must put the nation on a sustainable fiscal path. And to have a sustainable fiscal path, we must also have a sustainable housing finance system. I have grave fears that FHA, as it is operating today, is an impediment to both."
Feb 13, 2013
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WASHINGTON - House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled “Bailout, Bust, or Much Ado About Nothing?: A Look at the Federal Housing Administration’s 2012 Actuarial Report.” “The American people d...
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Chairman Hensarling on CNBC Squawk Box
Feb 12, 2013
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) joined CNBC’s Squawk Box this morning to discuss the committee’s current hearing series on the state of the Federal Housing Authority (FHA). Hensarling also discussed what to expect from President Obama’s State of the Union Address to...
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Subcommittee to Assess Obama Administration’s Response to Housing Crisis
Oct 3, 2011
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The Subcommittee on Housing, Insurance and Community Opportunity will hold a hearing this week to examine the Obama Administration’s response to the housing crisis, including new proposals announced by the President during his recent speech to a joint session of Congress. The Administration created ...
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The Dodd-Frank Act: Ill Conceived, Destined to Fail
Sep 23, 2011
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Today’s American Banker includes a dead-on piece about how the Dodd-Frank Act, with its 2,300 pages and more than 400 regulations, is “regulatory overkill” with unintended consequences that hurt consumers and the economy. “It's a fool's mission for our government to try to micro-manage our financial...
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Senate Should Follow House’s Lead on Terminating Failed Program
Sep 22, 2011
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The Washington Post reports today on another failure of one of the Obama Administration’s foreclosure mitigation programs. In an article headlined “HUD program to help struggling homeowners falling short,” the Post notes this is “the latest in a series of efforts that has left funds allocated by Con...
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