WASHINGTON – The Monetary Policy and Trade Subcommittee held a hearing on Wednesday to examine the Federal Reserve’s departures from conventional monetary policy and how a more principled and transparent monetary policy strategy can better support economic growth going forward. “Economic opportunity reliably increases when monetary policy adheres to its vital duty – that is, facilitating commerce, wherever it shows promise,” said Subcommittee Chairman Bill Huizenga (R-MI), “Throughout our curren...
WASHINGTON- The House passed legislation on Wednesday that would enhance congressional oversight of international deliberations relating to insurance standards by a vote of 239-170. Sponsored by Housing and Insurance Subcommittee Chairman Blaine Luetkemeyer (R-MO), the Transparent Insurance Standards Act directs federal regulators to solicit public comments, consult with state officials, and report to Congress before adopting international capital standards or other requirements for U.S. insuran...
WASHINGTON – The House on Monday passed the Creating Financial Prosperity for Businesses and Investors Act (H.R. 6427) by a vote of 391-2. The bill, sponsored by Rep. Scott Garrett (R-NJ) would increase investment opportunities for more Americans and help grow the economy. “The Creating Financial Prosperity for Businesses and Investors Act can make a positive difference in people’s lives and help build a healthier economy with more opportunities for all. I am proud to see another important piece...
WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after he was elected to a third term as chairman of the committee for the upcoming 115th Congress: “I am humbled by the support and trust of my colleagues to continue my service as chairman of the Financial Services Committee. In the coming Congress, we will continue our important work of helping to grow the economy for all Americans, not just those at the top. We will focus on ending ta...
