In The News
Texas Republican Rep. Jeb Hensarling told a conference of mortgage bankers Wednesday his 2013 bill that would have ended Fannie Mae and Freddie Mac still remains the best path forward for reform of the housing finance market.
With the financial system imploding in 2008, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke implored Congress to authorize $700 billion to bail out the banks or risk a total meltdown.
Rep. Jeb Hensarling, Texas Republican and chairman of the House Financial Services Committee, is an economic disciple of the Founding Fathers.
Adam Smith was their gospel. And Smith advised, based on all human experience, that:
Over the past decade, congressional legislation enacted into law by both parties have been regulatory job killers that are death knells to economic growth and prosperity. From Sarbanes-Oxley to Dodd-Frank, Congress’ costly red tape has affected everyone from credit card holders to Main street small businesses.
"All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives."
– Article I, Section 1, U.S. Constitution
The federal government is broken. And while there is plenty of blame to go around, only Congress can fix it.
Republicans say Consumer Financial Protection Bureau targeted Ally on likelihood of settlement to gain restructuring approval
The feds knew their data showing racial bias was false but sued anyway.
Congressman David Scott recently lambasted the Consumer Financial Protection Bureau for its “deceitful” auto-loan regulation based on “shamefully flawed” information. Now it looks like the Georgia Democrat was being kind.
WASHINGTON — The Consumer Financial Protection Bureau took "misguided and deceptive" actions in extracting settlements from indirect auto lenders for possible discrimination against minorities, House Republicans said in a report issued Tuesday.
Throughout the anemic Obama “recovery,” one of the bright spots in the economy has been the oil and gas sector. At a time when many Americans were struggling with unemployment or underemployment, this industry has provided good-paying jobs. In Texas, the oil and gas industry is responsible for nearly 2 million jobs and more than 20 percent of the state economy.
U.S. Congressman Jeb Hensarling (TX-05) held a town hall meeting on Aug. 7 to update citizens of Van Zandt County on his continued efforts to hold Washington accountable to the American people and to hear from them about the issues that are most concerning to them.
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