Committee on Financial Services:
I serve as the Chairman of the House Financial Services Committee. In my role on the Committee, I have been a staunch advocate for promoting consumer choice, competitive markets, and smart regulation in our financial markets. I was the only member of Congress to have introduced comprehensive reform legislation for Fannie Mae and Freddie Mac during the credit crisis, lauded in the media as “a concrete plan for fixing Fannie and Freddie.” I was also the only member of Congress to have introduced a legislative alternative to TARP during the heart of the credit crisis, which would have minimized taxpayer exposure and the politicization of the market. I have also fought to encourage competition in the lending market to increase choices and lower costs for consumers, as well as combat financial fraud and enhance disclosure notices. I have vigorously opposed taxpayer bailouts for failed financial companies and efforts to give government greater control over individual personal financial decisions.
Congressman Jeb Hensarling