Financial Services Committee

Yesterday, the Chairman of the House Financial Services Subcommittee on Oversight and Investigations, Congressman Bill Huizenga (MI-04), and the Chairman of the House Appropriations Subcommittee on Financial Services and General Government, Congressman Steve Womack (AR-03), sent a letter to Securities and Exchange Commission Chair Gary Gensler and Chief Economist and Director of… Read more »

As your voice in Washington, my priority is to make Southwest Michigan an even better place to live, work, and raise a family. Earlier this year, the Biden Administration released a rule that would raise the cost of mortgages for potential homebuyers with good credit scores to subsidize riskier loans.  I believe this misguided rule to be profoundly unfair. Individuals who have worked… Read more »

On Wednesday evening, Congressman Huizenga appeared on "The Bottom Line" to discuss the ESG working group and how House Republicans will be addressing concerns over ESG in the weeks ahead. During the conversation, Rep. Huizenga made clear the fiduciary responsibility for asset managers, proxy advisors, and even the SEC should be on maximizing returns for investors, not pushing an… Read more »

Today, Congressman Bill Huizenga released the following statement after voting in favor of the Middle-Class Borrower Protection Act. This legislation blocks the flawed mortgage decision recently announced by the Biden Administration to raise the cost of homeownership for individuals with good credit scores. “The Biden Administration’s rule to force higher fees on creditworthy individuals… Read more »

Today, Congressman Bill Huizenga (R-MI), Chairman of the House Financial Services Oversight and Investigation Subcommittee and Congressman Andy Barr (R-KY), Chairman of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy announced the introduction of the Mandatory Materiality Requirement Act. The Mandatory Materiality Requirement Act amends both the… Read more »

I am happy to share with you that my legislation to strengthen opportunity, investment, and small business across Southwest Michigan passed the U.S. House unanimously last week! The current definition used by the Securities and Exchange Commission (SEC) to identify “accredited investors” is outdated. It is solely and wrongly based on a person’s wealth or, more specifically, on their net… Read more »

Today, the U.S. House of Representatives unanimously passed Congressman Huizenga’s Accredited Investor Definition Review Act. This legislation is designed to strengthen small business, investment opportunities, and access to our capital markets for Southwest Michigan residents and individuals across America. Currently, one of the qualifications the Securities and Exchange Commission… Read more »

While our country faces a host of challenges, the Republican-led House has put forward tangible solutions to the difficulties we face. For example, on April 26th my House Republican colleagues and I passed the Limit, Save, Grow Act. This legislation would address the debt ceiling and rein in Washington’s out of control spending with reasonable measures. As negotiations continue, it has… Read more »

Today, Congressman Bill Huizenga, Chairman of the House Financial Services Subcommittee on Oversight and Investigations, grilled the former leaders of Silicon Valley Bank, Signature Bank, and First Republic Bank, all of which failed in the past 2 months. During his questioning, Chairman Huizenga directly asked the former leaders if they take responsibility for the failure of their banks… Read more »

Last night, Congressman Bill Huizenga (MI-04) joined Bloomberg’s Balance of Power to discuss the state of play on the debt limit as well as the upcoming hearing in the Financial Services Committee regarding the collapse of Silicon Valley Bank and Signature Bank. Video of Congressman Huizenga’s interview is available by clicking on the image below.  … Read more »