When the House takes up legislation this week to ease higher flood insurance premiums for homeowners, the action will come over the fierce objection of the committee chairman with jurisdiction on the issue. Determined to protect politically vulnerable lawmakers during this election year, House GOP leaders have sidelined Financial Services Chairman Jeb Hensarling and his staunchly conservative views.
Soon we will mark the fifth anniversary of the financial crisis that wrecked our economy, left millions of Americans unemployed and from which we have yet to recover. From a public policy perspective, the great tragedy of the financial crisis was not that Washington failed to prevent it, but that Washington helped lead us into it. The crisis largely started with a noble intention: Every American should own a home. The result was that well-meaning but misguided policies — principally the “Affordable Housing Goals” of Fannie Mae and Freddie Mac — either strong-armed or enticed financial institutions into loaning money to people to buy homes they sadly couldn’t afford. In fact, over 70 percent of the nontraditional mortgages that led to the crisis were backed by Fannie, Freddie and other taxpayer-subsidized programs.
WSJ Editorial: Housing Reform Breakout The House GOP moves to revive the private home mortgage market. One perverse result of the financial crisis is that Washington has nationalized housing finance. Taxpayers guarantee about 85% of new mortgages, some $5.1 trillion in mortgage credit...
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 – 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.
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 of the House Republican Conference, appeared on Battle Line with host Alan Nathan, a nationally syndicated radio show on the Main Street Radio Network, on Wednesday, October 10th to discuss the attack on the U.S. Consulate in Benghazi, Libya in September. Below are excerpts from the interview.
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...
Yesterday was a bad day for freedom. I respect the Supreme Court’s decision, but I vigorously disagree with its core ruling. While the court was heard from Wednesday, the American people will be heard from in November.President Barack Obama’s health...
Congressman Jeb Hensarling (R-TX), Chairman of the House Republican Conference, appeared this morning at a press conference with members of House Republican Leadership to address the state of the Obama economy in light of this morning’s report that the unemployment rate has risen to 8.2 percent, making May the 40th straight month that unemployment has been stuck above 8 percent.
WASHINGTON – U.S. Congressman Jeb Hensarling (TX-05), Chairman of the House Financial Services Committee and a leading conservative, issued the following statement after the House of Representatives passed the Suspending the Individual Mandate Penalty Law Equals Fairness Act (H.R. 4118):
WASHINGTON—U.S. Congressman Jeb Hensarling (TX-05), a leading fiscal conservative and Chairman of the House Financial Services Committee, released the following statement today on President Obama’s FY2015 budget submission.
WASHINGTON – U.S. Congressman Jeb Hensarling (TX-05), a leading conservative and chairman of the House Financial Services Committee, released the following statement today upon passage of H.R. 3865 – the “Stop Targeting of Political Beliefs by the IRS Act of 2014”
WASHINGTON – U.S. Congressman Jeb Hensarling (R-TX), a leading conservative and chairman of the House Financial Services Committee, released the following statement after voting against an unconditional increase in the debt ceiling:
WASHINGTON—U.S. Congressman Jeb Hensarling (R-TX), released the following statement in response to a document recently released by Speaker Boehner that outlines an approach for future consideration of immigration reform legislation in the U.S. House of Representatives:
WASHINGTON – U.S. Congressman Jeb Hensarling (R-TX), a leading conservative and chairman of the House Financial Services Committee, released the following statement in response to President Obama’s 2014 State of the Union Address:
WASHINGTON— U.S. Congressman Jeb Hensarling (R-TX), a leading conservative and Chairman of the House Financial Services Committee, submitted the following statement into the Congressional Record marking the 41st anniversary of the landmark Supreme Court decision Roe vs. Wade.
WASHINGTON – U.S. Congressman Jeb Hensarling (R-TX), a leading conservative and chairman of the House Financial Services Committee, released the following statement today upon House passage of the 2014 Omnibus Appropriations bill: “The American people are worried – and rightly so – about the state of our economy and the threat posed by our nation’s ever-increasing, spending-driven debt. The American people expect their elected officials to work to address the crisis that is coming if we don’t get our fiscal house in order. Unfortunately, the appropriations bill passed by the House today doesn’t come close to meeting the expectations of the American people or the responsibility we have to future generations.
WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following statement at today’s hearing on how the Dodd-Frank Act’s Volcker Rule will impact job creators: As a nation we just marked the 50th anniversary of the War on Poverty; tragically, a failure on more than one level. To win, we need more jobs, which means we need less Volcker. In two weeks the President of the United States will deliver his sixth State of the Union Address. Early in his term, he received from a Democratic Congress every single major policy initiative he asked for: the stimulus, Obamacare, and Dodd-Frank from which the Volcker Rule arises – he got it all.
WASHINGTON – U.S. Congressman Jeb Hensarling (R-TX), a leading conservative and chairman of the House Financial Services Committee, released the following statement today regarding upon passage of the Health Exchange Security and Transparency Act (H.R. 3811):
Freedom is not free – it comes at incredible cost. Throughout our nation’s history, whenever our country is attacked or when enemies of freedom threaten peace in our world, American men and women in uniform answer the call to defend...
As the son and grandson of farmers, I grew up working on my family’s farm. In fact, my first job was cleaning out chicken houses at the age of 12, so I understand that small farmers and ranchers face enough challenges. The last thing they need is unelected, unaccountable Washington bureaucrats adding even more burdensome federal rules. That is why I am pleased to report that—thanks to outcry from farmers and ranchers in East Texas and across the country—the Department of Labor (DOL) has withdrawn a proposed rule imposing a new, unnecessary, job-killing regulation that would have had a devastating impact on the economy of our rural communities.
I had the privilege last week to travel across the 5th District, visiting with constituents and hearing their concerns. One of their major concerns was the high cost of energy. East Texas families and job creators are struggling to fill up their pickup trucks and their cars. They are struggling to take their children to school and their elderly parents to the doctor.
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).”
For many years, the citizens of Henderson County and surrounding communities throughout America have celebrated the Christmas season with an array of decorations surrounding the courthouse square—including a traditional Christian Nativity scene. I have had the opportunity to visit the...
This week in Washington, the House passed the Farm Dust Regulation Prevention Act (H.R. 1633) to ease the federal regulatory burden on farmers, ranchers and rural businesses in order to restore confidence and create jobs. I was proud to vote for this bill and enter the following statement into the congressional record.
Veterans Day is an opportunity to say ‘Thank you’ to the generations of patriots who’ve volunteered to protect our country and defend liberty. Today, and every day, let us never forget that Freedom is not free – it comes at...
As you are aware, our nation's health care and retirement programs are going broke while simultaneously starting to disserve their beneficiaries. Increasingly doctors are not accepting Medicare patients; we are seeing forms of rationing when it comes to access and quality. When it comes to Social Security, our children are due to put more money into the system than they take out.
While the rate of growth for Social Security, Medicare and Medicaid is unsustainable, we do not have to cut one penny from these programs to save them. All we have to do is slow their rate of growth if we want to solve our nation's structural debt crisis and ensure these programs are around for future generations.
This week, House Republicans continued our commitment to relieve job creators of excessive regulatory burdens, like those imposed by the EPA through its new Boiler MACT (maximum achievable control technology) rules, by passing the EPA Regulatory Relief Act of 2011 (H.R. 2250).
The Boiler MACT rules unfairly threaten the operations of countless schools, hospitals, factories and other key employers in East Texas by forcing them to pay more and hire less as a penalty for simply owning certain heating equipment. With this bill, thousands of jobs will be saved as job creators will have one less roll of confidence-killing red tape to worry about.
Today, the U.S. Department of Labor announced that the unemployment rate continues to stall at 9.1 percent. Our nation’s prolonged jobs crisis is serious and somber but far from surprising. If the president had the opportunity to listen to the...