Hensarling ready to make final term as House Financial Services chairman count
U.S. Rep. Jeb Hensarling is ready to wield his gavel to change how money moves in the American economy.
WASHINGTON — U.S. Rep. Jeb Hensarling has one more term left as House Financial Services chairman. With a Republican in the White House, he is ready to make it count.
The Dallas Republican is heading the GOP effort to gut Obama-era financial reforms as the head of the U.S. House Committee on Financial Services. And in a city where relationships mean everything, his best friends are two of the most powerful people in the government: Vice President Mike Pence and House Speaker Paul Ryan.
Rep. Jeb Hensarling on financial reform: 'Dodd-Frank clogs the arteries of capitalism'
Texas Rep. Jeb Hensarling, who chairs the powerful House Financial Services Committee, is pushing his broad-brush redo of the 2010 Dodd-Frank law to Wall Street and his congressional colleagues.
The Texas Republican introduced his Financial Choice Act last year, which would eliminate a ban on certain investments, the Financial Stability Oversight Council's ability to label firms that pose risks to the wider financial system, and regulators' ability to intervene when banks fail. He's set to unveil an updated version as soon as this week.
The bill never made it to the floor last year, but it's likely to become the starting point for their efforts this year.
Rep. Hensarling: Dodd-Frank is to household finances as Obamacare is to health care
Rep. Jeb Hensarling (R-Texas), House Financial Services Committee chair, discusses the efforts to dismantle financial regualtions.
Conservatives: Lead Us Not Into Temptation
Conservative lawmakers banded together Tuesday to send a message to their Republican colleagues: Don’t bring back earmarks.
"If you start going down this road, you will lose the House of Representatives," Florida Rep. Ron DeSantis said at an anti-earmark event hosted by the Republican Study Committee.
"I never thought I’d have to be part of getting the earmark ban band back together," said Texas Rep. Jeb Hensarling, one of the Republican members who helped push for the earmark ban under former Speaker John A. Boehner.