Press Releases

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  • House Republicans Introduce Resolution to Stop CFPB's Anti-Consumer Law
    Jul 20, 2017 - <br> <br> Today, Republicans on the House Financial Services Committee introduced a resolution of disapproval to nullify a controversial rule published by the Consumer Financial Protection Bureau (CFPB) that benefits class action trial attorneys at the expense of consumers. H.J. Res 111... More
  • Subcommittee Examines Impact of Monetary and Fiscal Policy on Price Stability and Economy
    Jul 20, 2017 - The Subcommittee on Monetary Policy and Trade held a hearing today to discuss the impact of monetary and fiscal policy on price stability and the economy. In particular, the hearing examined the interaction between U.S. fiscal policy and monetary policy decisions made by the Federal Open Market Comm... More
  • Sanctioning North Korea
    Jul 19, 2017 - The Subcommittee on Monetary Policy and Trade held a hearing today to discuss restricting North Korea’s access to financial services and examine ways to increase the ability of foreign countries to enforce North Korean sanctions. “Hovering over today’s hearing was not only a sense of urgency, but di... More
  • The Cost of Going Public
    Jul 18, 2017 - The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to examine the burden that federal corporate governance policies – particularly under the Sarbanes-Oxley and Dodd-Frank Acts – have on public companies, and to discuss ways to ease the unnecessary regulatory burdens... More
  • Subcommittee Continues Work to Combat Terror Financing
    Jul 18, 2017 - The Terrorism and Illicit Finance Subcommittee held a hearing today to examine the terror and illicit financing risks that are inherent in asset transfers – specifically remittances and money transfers. “The size and complexity of the financial system in the United States means any financial institu... More
  • Fixed Income Market Structure and the Impact on Capital and Job Growth
    Jul 14, 2017 - The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to review the fixed income market structure. The hearing and witness testimony provided the Subcommittee with the background and foundation to examine the optimal design of the fixed income market based on today’s m... More
  • Subcommittee Examines the Impact of the DOL Fiduciary Rule on the Capital Markets
    Jul 13, 2017 - The Subcommittee on Capital Markets, Securities, and Investment held a hearing today to examine the impact of the DOL fiduciary rule on the capital markets. The primary focus of the hearing was to discuss the unintended consequences of the DOL fiduciary rule on the U.S. capital markets, the need for... More
  • Hensarling: Economic Growth Requires ‘Transparent Policy Strategy’ From Fed
    Jul 12, 2017 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Federal Reserve Chair Janet Yellen on monetary policy and the state of the economy: Since we last convened to take Chair Yellen’s testimony on monetary policy, there ha... More
  • CFPB Rule Will Harm Consumers But Thrill Trial Lawyers
    Jul 10, 2017 - Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today regarding the Consumer Financial Protection Bureau's controversial rule to prevent companies from using arbitration clauses: “This bureaucratic rule will harm American consumers but thrill class action t... More
  • Hensarling Announces Fed Chair Yellen Semi-Annual Testimony Date
    Jun 29, 2017 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the Committee on Wednesday, July 12 at 10 a.m. EDT to deliver the Federal Reserve’s semi-annual Monetary Policy Report to Congress and to discuss the state of the ec... More