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Recently in Financial Services

Two years ago, I was one of 43 members of Congress appointed to the conference committee for the Dodd-Frank financial-reform bill. Along with others, I fought against the legislation and lost.After an all-night session, Democrats (who then held the House...
Congressman Jeb Hensarling (R-TX), Chairman of the House Republican Conference, issued the following statement today regarding the passage of H.R. 459, the Federal Reserve Transparency Act, to permit and mandate a full audit of the United States Federal Reserve by the Government Accountability Office (GAO).
The news of J.P. Morgan Chase’s recent trading loss has raised the cry of “I told you so” from proponents of the almost 2-year-old Dodd-Frank Act. They say the law’s Volcker rule would have prevented such a loss and that without more regulation, financial institutions will continue to make poor investment decisions. As an opponent of Dodd-Frank and one of many who have warned against the politicization of our economy, the threat of future bailouts and attempts by the government to eliminate risks, I also wish to say, “I told you so.”
WASHINGTON— Congressman Jeb Hensarling (R-TX), chairman of the House Republican Conference, delivered the following remarks on the House floor today in support of the JOBS Act. Hensarling—who serves as co-chairman of the House Financial Services Committee where the bills included in the package originated—managed debate on the bi-partisan legislative package that will help small businesses and entrepreneurs access vital equity capital and put Americans back to work.
WASHINGTON – Congressman Jeb Hensarling (TX-05), Chairman of the House Republican Conference, released the following statement in response to testimony today by Federal Reserve Chairman Ben Bernanke at a meeting of the House Financial Services Committee, where Hensarling serves as Vice-Chair.
This week, I joined several other Republican leaders on the House Financial Services Committee in sending a letter to Treasury Secretary Timothy Geithner that expressed our strong opposition to “American taxpayer dollars being used to bail out Europe” and requested assurances that “taxpayer funds will not be used to subsidize Europe’s financial programs through additional contributions to the International Monetary Fund (IMF).”
WASHINGTON – House Republican Conference Chairman and Financial Services Committee Vice Chairman Jeb Hensarling (R-Texas) issued the following statement today condemning President Obama’s unprecedented “recess appointment” of Richard Cordray as director of the new Consumer Financial Protection Bureau (CFPB).
WASHINGTON – Congressman Jeb Hensarling, Chairman of the House Republican Conference, issued the following statement today regarding the United States’ long-term credit outlook being downgraded from “stable” to “negative” by Standard & Poors’ (S&P).“Today’s news is a stark reminder that...
“It’s time to enact fundamental reform before these companies go from ‘too big to fail’ to ‘too late to fix.’”
This week, the House passed a bill I introduced ending a $1 billion wasteful government housing program that would actually increase the debt of the very homeowners it claims to be helping.America is drowning in a sea of red ink....