House Financial Services Committee Jeb Hensarling (R-TX) made the following comments about a press conference held this morning by some Democrats to discuss the Dodd-Frank Act: For members who spend a good deal of time decrying “alternative facts,” the Democrats at today’s press conference sure engaged in a lot of them. Here’s the truth: When Dodd-Frank was passed, Americans were promised a healthier economy, an end to bailouts and better consumer protections. Instead, we have the weakest recove...
Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Ann Wagner (R-MO), who were with President Trump today at the White House, made the following comments regarding the President’s executive action on the Obama Administration’s harmful fiduciary rule: Chairman Hensarling: “I was proud to stand next to President Trump in the Oval Office today as he signed two important executive actions that represent the beginning of the end of the ...
House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Ann Wagner (R-MO) made the following comments about President Trump’s core principles for regulating the financial system, which were detailed today in an Executive Order: Chairman Hensarling: “I’m very pleased that President Trump signed this executive action, which closely mirrors provisions that are found in the Financial CHOICE Act to end Wall Street bailouts, end ‘too big...
House Stops Rule that Disadvantaged American Companies Legislation to repeal a controversial Dodd-Frank Act regulation that puts American public companies at a disadvantage against many foreign competitors is headed to President Trump’s desk after its passage this week by the House and Senate. The House voted 235-187 on Wednesday for House Joint Resolution 41 to disapprove the regulation under the Congressional Review Act. The Securities and Exchange Commission (SEC) estimates the rule will cost...
