Authors Posts by Financial Services Committee
Financial Services Committee

Financial Services Committee

The Committee oversees all components of the nation's housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities. The Committee continually reviews the laws and programs relating to the U.S. Department of Housing and Urban Development, the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, and international development and finance agencies such as the World Bank and the International Monetary Fund.

The Committee also ensures enforcement of housing and consumer protection laws such as the U.S. Housing Act, the Truth In Lending Act, the Housing and Community Development Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, and financial privacy laws.

Contact:

House Financial Services Committee
Democratic Staff
2129 Rayburn House Office Building,
Washington, DC 20515
Phone: (202) 225-4247
Fax: (202) 225-6952 

FTC

Court Temporarily Halts Operators of Rental Listing Websites from Making False Claims About the...

At the request of the Federal Trade Commission, a federal court has issued a temporary restraining order prohibiting two brothers and their four California companies from using false or unsubstantiated claims in the marketing of online rental listings offered through their websites
Financial Services Committee

Chairman Hensarling Delivers Opening Statement, Unveils Bipartisan GSE Reform Bill

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on the 10th anniversary of the federal government’s takeover of Fannie Mae and Freddie Mac, the failed government-sponsored housing enterprises (GSEs).
Financial Services Committee

The Effect of Regulation on Affordable Multifamily Housing

The Housing and Insurance Subcommittee met today to examine the various federal, state and local regulations and policies that affect affordable multifamily housing development. “Today’s hearing was essential in order to determine the costs of regulation, and barriers preventing affordable multifamily housing development.
Financial Services Committee

Chairman Hensarling Delivers Opening Statement at Hearing with HUD Secretary Ben Carson

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing with the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson
Financial Services Committee

Ensuring Oversight, Accountability in HUD’s Approach to Lead-Based Paint and Mold Remediation

The Housing and Insurance Subcommittee met today to examine how the U.S. Department of Housing and Urban Development’s (HUD) programs manage and remedy unsafe living conditions caused by lead-based paint and mold for many individuals and families living in public and subsidized housing
Financial Services Committee

House Passes Bill to Expand Housing Options for Individuals Recovering From Opioid Addiction

On Thursday, the House passed H.R. 5735, the Transitional Housing for Recovery in Viable Environments Demonstration Program Act of 2018, or the THRIVE Act by a vote of 230-173. The opioid crisis strikes the hearts of communities around the nation. By using federal resources more efficiently and effectively, including housing programs, Congress can better address the needs of individuals recovering from opioid addiction.
Financial Services Committee

Breaking Down Barriers to Help Homeless Children and Youth

The Subcommittee on Housing and Insurance held a hearing today to review a legislative proposal to help break down barriers that prevent homeless children and youth from obtaining housing assistance and services through the Department of Housing and Urban Development (HUD)
Financial Services Committee

Committee Advances Three Bills

This week, the Financial Services Committee approved three bills, bringing the total number of bills reported out of the Committee this Congress to 102. “These three important measures support the Committee’s continued efforts to increase housing mobility for low-income families
Financial Services Committee

Hensarling: Committee Must Examine Allegations of Latest Fannie Mae Backdoor Schemes

House Financial Services Committee Chairman Jeb Hensarling released the following statement following media reports that high ranking Fannie Mae employees have been intentionally violating their government prohibition on lobbying through a series of secret meetings to remove the failed mortgage giant from federal oversight.
Financial Services Committee

An Overview of Homelessness in America

The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness
Financial Services Committee

Improving HUD’s Rental Assistance Program

The Housing and Insurance Subcommittee met today to review the Department of Housing and Urban Development’s (HUD) role in rental assistance and a legislative proposal that would adjust rent costs for families in assisted housing
Financial Services Committee

Improving the Housing Choice Voucher Program

The Housing and Insurance Subcommittee met today to review the Housing Choice Voucher Program and three legislative proposals that would improve mobility among families, foster kids and individuals recovering from opioid addiction within the program.
Financial Services Committee

Reviewing State-Based Insurance Regulation

The Housing and Insurance Subcommittee met today to review H.R. 5059, the State Insurance Regulation Preservation Act. Introduced on February 15, 2018 by Representatives Keith Rothfus and Joyce Beatty, the bill would amend the Home Owners’ Loan Act with respect to the registration and supervision of insurance savings and loan holding companies (SLHC).
Financial Services Committee

Hensarling Demands Watt Explain GSE Payments

House Financial Services Committee Chairman Jeb Hensarling (R-TX) sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt on Friday demanding an explanation for his decision to continue payments to the Housing Trust Fund and Capital Magnet Fund (the Funds) in the wake of Fannie Mae and Freddie Mac’s (GSEs) latest infusion of taxpayer funds from Treasury.
Financial Services Committee

Hensarling Criticizes Fannie Mae Bailout Request

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement harshly criticizing Fannie Mae’s request for bailout funds from Treasury and calling on FHFA Director Mel Watt to stand by his word and immediately suspend payments to the Housing Trust Fund.
Financial Services Committee

Bipartisan Bill Provides Relief to Small Banks

On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership
Financial Services Committee

House Passes Mortgage Choice Act

On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership.
Financial Services Committee

Hensarling Responds to FHFA Dividend Payment Changes

his morning, the Federal Housing Finance Agency (FHFA) and the Treasury Department announced an agreement to deprive taxpayers of the compensation to which they are legally entitled under the ongoing conservatorships of Fannie Mae and Freddie Mac (the GSEs).
Financial Services Committee

Committee Advances 13 Bills

This week, the Financial Services Committee approved 13 billson a range of subjects from economic growth, to consumer protection, to Native American housing and human trafficking. This week’s markup follows a very productive year for the Committee, which has held 54 subcommittee hearings
Financial Services Committee

Subcommittee Meets to Continue Assessment of Sustainable Housing Finance

The Housing and Insurance Subcommittee held a hearing today to continue assessing views and perspectives on comprehensive housing finance reform. “Today was an important step towards reforming our housing finance system, credit enhancement, and credit risk transfers,” said Subcommittee Chairman Sean Duffy (R-WI).

Business Real Estate Press Releases

NorthstarMLS-SEMR-Groupshot

Second Largest MLS in Minnesota to Join NorthstarMLS

Southeast Minnesota REALTORS® (SEMR) has become a shareholder in the largest MLS in the state of Minnesota, NorthstarMLS. MLS operations will be merged this fall. As a result, NorthstarMLS will represent approximately 19,000 real estate professionals

Recent Gov & Nonprofit Real Estate Press Releases

NIBS

New SAFETY Act Best Practices Guide to Commercial Building Security Now...

A new web-based tool can help security professionals for commercial office buildings perform assessments based on the Best Practices for Anti-Terrorism Security (BPATS) for commercial office buildings. With best practices developed by the U.S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T)