Chairman Hensarling Statement on Plans for the House Financial Services Committee

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee markup of its oversight plan for the 113th Congress. The statement noted the following five priorities of the FSC:

1. Conducting oversight of the financial regulators to ensure they can exercise their authority without impeding the ability of consumers and business to obtain credit;
2. Reducing federal regulations that are unnecessary, duplicative, or overly onerous;
3. Examining proposals to wind down Fannie Mae and Freddie Mac to protect taxpayers from another costly bailout;
4. Monitoring the effectiveness of underperforming foreclosure mitigation initiatives; and
5. Reviewing the effectiveness and consequences of the extraordinary measures undertaken by the Federal Reserve.

See: Paper statement and video.Related News Item: House Financial Services Committee Oversight Plan for Financial Regulation (with Lofchie Comment).