Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance program. The House Financial Services Committee unanimously (57-0) passed the Terrorism Risk Insurance Program Reauthorization Act (H.R. 4634), which would …
As Maxine Waters takes the gavel of the powerful House Financial Services Committee, it’s not clear whom she’ll end up disappointing more: business-friendly Democrats or progressive Democrats. Conservative Republicans have derided her for touting President Donald Trump’s impeachment, vowing revenge …
Congressional Republicans are taking aim at the regulatory process through which some financial institutions become subject to heightened regulation because they are deemed too big to fail. In a report released on Tuesday, Republican staff members of the House of …
The House Financial Services Committee this morning approved a proposal intended to encourage more private insurers to write flood insurance. The committee approved the Flood Insurance Market Parity and Modernization Act (H.R. 2901), which seeks to clarify that private insurance …
Republican critics of the U.S. Export-Import Bank moved on Friday to force the export lender to reveal full details of board discussions about potential deals, restarting a battle over the bank’s long-term future. Darrell Issa, chairman of the House of …
House Financial Services Committee Chairman Jeb Hensarling is facing a long-shot challenge to his chairmanship from an Oklahoma Republican. Representative Frank Lucas announced he is considering opposing Hensarling for the panel’s gavel. Hensarling, a Texas Republican, under his party’s rules …
Wall Street could count on Eric Cantor to take its side in the U.S. Congress. It won’t have the same luck with a top lawmaker in line to replace him. House Financial Services Committee Chairman Jeb Hensarling, who twice voted …
When Jeb Hensarling took over the congressional panel that spawned the Dodd-Frank Act, he vowed to roll back the landmark Wall Street law and eliminate government programs that backstop private markets. More than a year later, the Texas Republican is …
As flood waters continued rising along the Mississippi River, a House committee yesterday unanimously approved bipartisan legislation to extend the federal flood insurance program for five years and introduce financial reforms of the debt-ridden program. The legislation (HR 1309) approved …
A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate subsidies, tie coverage limits to the rate of inflation, vary the deductible by how subsidized the premium …
