Off Air Next: Hearing entitled “U.S. Equity Market Structure Part I: A Review of the Evolution of Today’s Equity Market Structure and How We Got Here”

Committee Completes Markup of Bills to Reauthorize and Reform National Flood Insurance Program

The House Financial Services Committee met today to complete deliberation of and pass several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September, 30, 2017. “While we have a responsibility to provide certainty to the homeowners and small business owners who rely on the NFIP for protection, we must also ensure that the program protects the interests of hardworking taxpayers,” said House Financial Services Committee Chairman Jeb Hensa...

Committee Passes First Round of Flood Insurance Bills

The House Financial Services Committee met today to begin consideration of several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September 30, 2017. “We cannot continue to call on the American taxpayer to bailout a program that is currently drowning in $25 billion of red ink and suffers a $1.4 billion annual actuarial deficit,” said Financial Services Committee Chairman Jeb Hensarling (R-TX). “These bills put the National Flood Insuranc...

Hensarling: Voice of the Taxpayer Must Be Heard in Flood Insurance Debate

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement today about the seven bills the committee is considering related to the National Flood Insurance Program: There are so many important voices in our debate today on the reauthorization of the National Flood Insurance Program. Certainly the homeowners who have relied on this program -- theirs is a very important voice because we go to their homes and we go to their household finances. Theirs...

House Approves Financial CHOICE Act to Boost Economy, End Bank Bailouts and Toughen Penalties for Fraud

The House on Thursday passed the Financial CHOICE Act, legislation to overhaul and replace the failed Dodd-Frank Act that has contributed to the worst economic recovery of the last 70 years. “Every promise of Dodd-Frank has been broken,” said Financial Services Committee Chairman Jeb Hensarling (R-TX), as he read letters from Americans about how they were declined home, automobile and small business loans due to Dodd-Frank’s burdensome regulations. “Fortunately there is a better, smarter way. It...