The House Financial Services Committee disinvited Consumer Financial Protection Bureau chief Richard Cordray from testifying Tuesday, noting President Obama's non-recess, recess appointment of Mr. Cordray and a January D.C. Circuit Court of Appeals decision, Noel Canning v. NLRB, that invalidated other appointments made under the same pretense. In a letter to Mr. Cordray, Texas Republican Jeb Hensarling said his committee stands "ready to accept the testimony of the Director of the CFPB" when "an individual validly holds this position."
WASHINGTON – U.S. Congressman Jeb Hensarling (TX-05), chairman of the House Financial Services Committee, announced this week that the committee would not recognize President Obama’s unconstitutionally appointed czar:
WASHINGTON – Congressman Jeb Hensarling (R-Texas) – a leading conservative and chairman of the House Financial Services Committee – joined CNBC’s The Kudlow Report and FNC’s Hannity last night to discuss the Federal Reserve’s monetary policy and President Obama’s harmful sequestration.
WASHINGTON – Congressman Jeb Hensarling (R-TX) – a leading conservative and Chairman of the House Financial Services Committee – released the following statement regarding the U.S. Court of Appeals for the D.C. Circuit's ruling on President Obama’s alleged “recess” appointments:
There is no doubt that Hurricane Sandy rendered unspeakable damage to lives and property on our East Coast. It truly represents one of the great natural disasters of recent history. For millions of our fellow citizens, the devastation has been unfathomable. We are a compassionate nation, and that is why this week the House of Representatives is taking up its second Hurricane Sandy relief bill.
Congressman Jeb Hensarling (R-TX), chairman-elect of the House Financial Services Committee, issued the following statement today regarding the Federal Reserve’s announcement of additional monetary stimulus.
WASHINGTON – Congressman Jeb Hensarling (R-Texas) issued the following statement today after he was elected Chairman of the House Financial Services Committee for the 113th Congress.
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.”