I am now pleased to yield 1\1/2\ minutes to the gentleman from New Jersey (Mr. Garrett), the chairman of our Capital Markets and GSE Subcommittee.
Jeb Hensarling
The Public Record
Jeb Hensarling is a former Republican member of the United States House of Representatives, representing Texas's 5th congressional district from 2003 to 2019. During his tenure, he served as the chairman of the House Financial Services Committee, where he played a significant role in shaping financial regulation and policy. Hensarling was known for his advocacy of free-market principles and his opposition to the Dodd-Frank Act, which was enacted in response to the 2008 financial crisis.
I am now pleased to yield 1\1/2\ minutes to the gentleman from Texas (Mr. Neugebauer), the chairman of the Housing and Insurance Subcommittee, who is a key coauthor of this bill, ensuring that the CFPB is accountable through the…
It is now my honor to yield 1 minute to the gentleman from Virginia (Mr. Cantor), the distinguished majority leader, who has been a tireless advocate for consumer choice and freedom throughout this debate on this unaccountable Bureau and…
I am happy to yield 2 minutes to the gentlelady from West Virginia (Mrs. Capito), the distinguished chairman of our Financial Institutions and Consumer Credit Subcommittee and a real leader in preserving consumer opportunity and rights.
Like most of the other 400 rules in the Dodd-Frank Act, the Volcker Rule is aimed at Wall Street, but hits Main Street, and regrettably people like Joseph and William and Tina have become collateral damage.
This bill gave you the right to break up the too-big-to-fail. Why aren't you using it?
I believe, as do most, that there is a clear, direct causal link between the two.
I do not recall a time, ever in my lifetime, when the challenges of upward mobility and economic opportunity for low- and moderate-income Americans have been greater.
Wall Street must be held accountable, but Washington must be held accountable as well.
As the benefits of Volcker remain questionable, evidence is mounting that the cost will be enormous.
The great public policy tragedy of the financial crisis was not that Washington failed to prevent the crisis, but instead that Washington helped cause it.
This committee would like to continue to work with you cooperatively and respectfully, and so I would respectfully request that no later than the end of February, we receive full answers.
I think we need to demonstrate that we can solve difficult problems, no matter the chairman's unwillingness to work on this issue.
The unconscionable, unsustainable, and, frankly, immoral debt that is being left to our children.
The CFPB has unbridled discretionary power not only to make them less available and more expensive, but to absolutely take them away.
The CFPB is perhaps the single most powerful and least accountable Federal agency in all of Washington and demands rigorous oversight.
I think you should worry, Congressman, precisely about where there is either a residual responsibility to the U.S. taxpayer...
We have to do a better job ring-fencing, fire-walling, whatever metaphor you want to use, between an inspired depository institution and a noninsured investment bank.
The President's policies have exacerbated the very income inequality that he now decries.





