WASHINGTON – The House voted on Wednesday to block U.S. financing for the export of aircraft to Iran by a vote of 243-174. The bill approved by the House -- H.R. 5711 -- prohibits the Treasury Department from authorizing transactions by U.S. financial institutions related to airplane sales to Iran. In addition, the bill bars the Export-Import Bank from extending financing related to Iran. “By cutting off Iran from the U.S. financial system – a goal the Obama Administration has claimed it support...
WASHINGTON – The Housing and Insurance Subcommittee held a hearing on Wednesday to discuss necessary changes to the appraisal industry. “Appraisals are one of the cornerstones of the home-buying process. Issues that impact appraisers also impact nearly every American buying or selling a home, in rural and urban areas; in high- and low-income neighborhoods,” explained Subcommittee Chairman Blaine Luetkemeyer (R-MO). “Yet when it comes to the regulatory regime surrounding appraisals, it seems we’r...
WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with Securities and Exchange Commission (SEC) Chair Mary Jo White: This morning we welcome Securities and Exchange Commission Chair Mary Jo White. I will take a little longer due to news that we received last evening that the Chair intends to step down at the end of the Obama Administration. I do wish to acknowledge, on behalf of all, that Chair Whi...
WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of November 14: Tuesday, November 15 at 10:00 a.m. – U.S. Securities and Exchange Commission Chair Mary Jo White will testify before the Financial Services Committee regarding the SEC’s Agenda, Operations and Fiscal Year 2018 Budget Request. Wednesday, November 16 and 10:00 a.m. – The Housing and Insurance Subcommittee will hold a hearing entitled “Modernizing Appraisals...
