Federal Reserve Reform

  • A New Approach to Financial Regulation
    Apr 25, 2017 - The United States has a rich history of bank crises. In fact, we’re number two in the world, with 13 all-time, just behind France with 15, and just ahead of the United Kingdom, with 12. Our first major banking regulation law, the National Currency Act, was passed in 1863 as a response to a bank fai... More
  • Williams: CHOICE Act will punish bad actors
    Apr 25, 2017 - Economists at a prominent think tank based in Washington, D.C. last week reported that a full repeal of the Dodd-Frank Wall Street Reform and Consumer Protection Act would boost the economy by one percent and generate $340 billion in federal revenue over a 10 year period. Dodd-Frank, as it is calle... More
  • Financial CHOICE Act Will Result in Economic Growth, End Bailouts
    Apr 25, 2017 - Several witnesses scheduled to appear before the House Financial Services Committee on Wednesday to discuss the Financial CHOICE Act are praising the proposal’s focus on economic growth, accountability and ending bank bailouts. CHOICE – which stands for Creating Hope and Opportunity for Investors, C... More
  • A Better Idea for Bankrupt Big Banks
    Apr 25, 2017 - By Stephen E. Hessler The most significant Wall Street reform in nearly a decade may soon become law. Last Friday President Trump directed Treasury Secretary Steven Mnuchin to review Title II of the 2010 Dodd-Frank Act, which gives the federal government authority to wind down involuntarily failing ... More
  • The Financial CHOICE Act is needed to create jobs and opportunities for Americans
    Apr 25, 2017 - The months following the 2008 financial crisis were devastating for many Americans. Hardworking men and women lost their jobs, their savings, their pensions, and their homes. But instead of taking steps to strengthen consumer protections and bring stability to the financial system, Congress and the... More
  • Bring on the CHOICE Act -- a common sense alternative to Dodd-Frank
    Apr 25, 2017 - Eight years ago, the nation experienced the worst financial crisis in 80 years, which cost millions of Americans their savings, their homes, and their jobs. The response – one that was well-intended, but overly broad -- expanded the federal government’s footprint in our lives and inadvertently left... More
  • Huizenga: Dodd-Frank has failed Michigan residents
    Apr 23, 2017 - The economic downturn in 2008 cost Michiganians their jobs, families their savings, and some even their homes. In response to this seismic event, Democrats in Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. According to its supporte... More
  • Committee Schedule for the Week of April 24
    Apr 21, 2017 - Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of April 24: Wednesday, April 26 at 10:00 A.M. – As announced by the Chairman earlier in the week, the Committee will hold a hearing to discuss the Financial CHOICE Act of 2017. More inf... More
  • Hensarling Praises President’s Action to Stop Dodd-Frank Bailouts for Wall Street
    Apr 21, 2017 - Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comments after President Trump today took action to stop regulators’ ability to designate companies “too big to fail” and the use of the Dodd-Frank Act’s bailout authority pending reviews by the Department of the Treasury... More
  • Greenspan: Get rid of Dodd-Frank and watch economy and stocks soar
    Apr 21, 2017 - April 20, 2017 CNBC Former Federal Reserve Chairman Alan Greenspan told CNBC on Thursday the prospect of getting rid of the Dodd-Frank banking regulations has been a driver of higher stocks and would continue to be. "If you get rid of Dodd-Frank, it's going to have a very significant positive impac... More