Jeb Hensarling

03/12/2018 | Press release | Distributed by Public on 03/13/2018 15:09

ICYMI: Hensarling Talks Senate Banking Bill and Steel Tariffs

WASHINGTON-U.S. Congressman Jeb Hensarling (TX-5), Chairman of the House Financial Services Committee, recently joined Fox Business Network's Mornings with Maria, CNN's New Day, Fox News Channel's Outnumbered Overtime, and Bloomberg Daybreak to discuss pending Senate Banking Committee legislation, what's next for the House Financial Services Committee, and his opinion on steel tariffs.

Click here or on the photo above to review the news clips.


Addressing Dodd-Frank this Week: 'The truth is not a major rollback of Dodd-Frank. I wish it was. I think I would view it more as a recalibration, but it is an important piece of legislation that the Senate is taking up. Frankly, we passed a major piece of legislation in the House back in June and now it is March of the next year so we've been waiting patiently. What I think this is mainly is something that will help our community financial institutions.'

What is holding Up Dodd-Frank reform? 'It's hard to get 60 votes in the Senate to agree on a Mother's Day resolution. So I don't quite know what is going to come out of the Senate bill, but just the fact that Senator Crapo, my Senate counterpart, has gotten it this far it is important. We are losing a community bank or credit union a day in America and they are not dying of natural causes.'

Facing Steel Tariffs: 'I applaud the President for renegotiating trade agreements, I applaud the fact that he believes he can get better deals on a bilateral basis and trade agreements, but we are talking about American jobs. We are talking about American consumers. Again, he has got to be careful that he is not throwing the baby out with the bath water. I really respect our President, I agree with so much of what he has done.'

Bipartisanship in Congress: 'But if some of your point is, should we in Congress work on a bipartisan basis? I can only talk about my House Financial Services Committee that I have the privilege of chairing. We have passed multiple bipartisan bills and we are trying to go to conference or trying to go and work out a bill with the Senate to provide some relief for community banks, our credit unions, our small growth companies. We've gotten votes that took place on the House floor 395-2, 417-0, so a lot of bipartisan work is taking place. I always try and listen to people and then do what is best.'