Off Air Next: Hearing entitled “The Arbitrary and Inconsistent Non-Bank SIFI Designation Process”

Media Advisory: Committee Hearing Schedule for the Week of March 27

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 27: Tuesday, March 28 at 10:00 A.M. – The Oversight and Investigations Subcommittee will hold a hearing entitled “The Arbitrary and Inconsistent Non-Bank SIFI Designation Process.” The hearing will examine a recent Financial Services Committee Majority Staff Report which found significant concerns with the process employed by the Financial Stability Oversight Council (FSOC) ...

WEEK IN REVIEW

Unconstitutional CFPB Focus of Hearing The Oversight and Investigations Subcommittee held a hearing on Tuesday to examine how the structure of the Consumer Financial Protection Bureau (CFPB) violates the Constitution. “It is time we hold Director Cordray responsible and restructure the CFPB within the framework of our Constitution,” said Chairman Ann Wagner (R-MO). The hearing occurred just days after the U.S. Department of Justice filed papers in court arguing that the Bureau’s structure is unc...

Subcommittee Examines Impact of the JOBS Act After Five Years

The Capital Markets, Securities, and Investment Subcommittee held a hearing on Wednesday to examine the Jumpstart Our Business Startups (JOBS) Act, five years after its passage. Members of the subcommittee heard from a panel of witnesses who testified on the impact of the JOBS Act on capital formation, job creation and economic growth. “It's time to refocus the SEC to advance a broader capital formation agenda. Let’s continue to build upon the success of the bipartisan JOBS Act by further modern...

Oversight Subcommittee Examines Unconstitutional Structure of the CFPB

The Oversight and Investigations Subcommittee held a hearing on Tuesday to examine how the structure of the Consumer Financial Protection Bureau (CFPB) violates the Constitution. The subcommittee also discussed possible changes to the Bureau that would make it constitutional and accountable to the American people. “Created under the Obama-era, 'Washington knows best' mindset, the CFPB is an unconstitutional behemoth that side-steps accountability to Congress and the President. With an imperial D...