This bill can never become law unless the Senate goes thermonuclear, and it is not going to do that.
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.
Yes, I do think you want a consumer agency that can stop the kind of abuses we saw at Wells Fargo and at payday lenders and in other markets, where there have been significant problems with taking advantage of consumers repeatedly over…
I plan to have dozens more hearings on the negative impact of Dodd-Frank on the American people and the economy.
The idea that we can make up for bad trade policies and restore the economy by letting Wall Street do anything they want didn't work in 2008. It is not going to work now.
You can't have a half-trillion-dollar trade deficit and then say, 'We are going to make up for that by deregulating the banks and reinstituting the disasters that we suffered in 2008.'
It is time again to hold Washington accountable; it is time to hold Wall Street accountable.
True consumer protection is only to be had in competitive, transparent, and innovative markets...
The Dodd-Frank Act represents an even more dangerous prospect, namely, politicized lending.
The damage Dodd-Frank has done to consumers and business is well known to every Member...
Under the Financial CHOICE Act there will be economic opportunity for all and bank bailouts for none...
This bill replaces onerous government fiat with market discipline, ends bailouts with bankruptcy...
Dodd-Frank has been a bigger burden to enterprise than all other Obama-era regulations combined.
The economy does not work for working people. They have seen their paychecks stagnate; they have seen their savings decimated.
It has been almost 7 years since the passage of the Dodd-Frank Act. We were told it would lift our economy, but instead we are stuck in the slowest, weakest, most tepid recovery in the history of the republic.
I want to urge you not to be discouraged by the misbehavior you have seen, and I want to let you know you are doing a great service for the American people.
There is no greater form of consumer protection than fostering competitive, innovative, and transparent markets, and then vigorously policing them for fraud, theft, and deception.
I believe the President is clearly justified in dismissing you and I call upon the President, yet again, to do just that and to do it immediately.
Certainly we have to do a better job of ring-fencing, firewalling, whatever metaphor you want to use between an insured depository institution and a non-insured investment bank.
What if we repealed the Fourth Amendment? Do you think we would have more criminal convictions if we repealed the Fourth Amendment to the Constitution?
A three-judge panel of the second highest court in the land has ruled it unconstitutional.
That makes 8 years of sub-par growth, 8 years of stagnant paychecks, and 8 years of unreplenished savings.
It is official: The economy grew at a measly 1.6 percent in 2016 when our historic norm is twice that.
After 8 years of the largest monetary policy stimulus in our history, and the most unconventional monetary policy in our history, Americans recently received disappointing economic news yet again.





