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.
“I want to thank Chairman Spencer Bachus (R-AL) for his outstanding service on this committee over the last six years. He has been a tireless proponent of free enterprise and free markets, and it has been a pleasure to serve under his leadership.
“I am humbled by the support and trust of my colleagues, and I look forward to serving as Chairman of the House Financial Services Committee next Congress.
“I am grateful for the opportunity to lead this committee, and I look forward to working alongside my colleagues to foster the deepest, most liquid, competitive, efficient, innovative, and transparent capital markets the world has ever known. To do this we must end the phenomenon of “too big to fail” and reinstate market discipline. We must also reduce taxpayer risk in the marketplace and cut the sheer weight, volume, complexity, and uncertainty of the federal red tape burden that makes capital more expensive and less available. When we do, we can revive and strengthen the free enterprise system—the best housing and jobs program known to man.”