Financial Services Committee

A recent study from Moody’s Analytics showed American households are currently paying $709 more each month than they did for the same goods two years ago. Inflation, fueled by Washington’s out-of-control spending, has made it harder for families to make ends meet. Unfortunately, Southwest Michigan families received an additional sticker shock from back-to-school shopping. According to… Read more »

Today, Congressman Bill Huizenga (R-MI) pressed Assistant Secretary of the Treasury for Investment Security, Paul Rosen, over concerns surrounding the federal government’s oversight of Gotion Inc.’s proposal to build electric battery plants near Big Rapids, Michigan. The parent company of Gotion has established ties to the Chinese Communist Party. During the House Financial Services… Read more »

Today, 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) released the following statement on the Security and Exchange Commission’s (SEC) Private Fund Advisers rule. “The… Read more »

Today, Chairman of the House Financial Services Subcommittee on Oversight and Investigations, Congressman Bill Huizenga (R-MI), released the following statement after sending letters of inquiry to asset managers at BlackRock, Vanguard, State Street, J.P. Morgan Chase, T. Rowe Price, Prudential, Goldman Sachs, Fidelity, Capital Group Companies, and the Bank of New York Mellon.… Read more »

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 »