Financial Services Committee

The House on Friday passed a bill along party lines to fund and overhaul the Export-Import Bank after a bipartisan agreement crumbled under Democratic opposition. The House voted 235-184 to send the bill to the Senate, where it is unlikely to see action.  Only 13 House Republicans supported the bill Friday after the White House budget office announced its opposition to the bill… Read more »

Yesterday, Oct. 23, Cointelegraph reported from the United States House of Representatives as the Financial Services Committee questioned Facebook CEO Mark Zuckerberg for over six hours. While focused on the Libra Association and its planned Libra token, the hearing expanded to touch on a wide range of concerns and controversies surrounding Facebook.  The hearing was often… Read more »

Today, when asked by Congressman Bill Huizenga (MI-02), Facebook Co-founder and CEO Mark Zuckerberg testified before Congress that if the Libra Association did not get U.S. regulatory approval before launching Libra, Facebook would be forced to leave the association. This exchange solidifies that Libra must get approval from U.S. regulators before its launch. The video and transcript of… Read more »

The U.S. House of Representatives on July 9 approved three bipartisan bills supported by U.S. Rep. Bill Huizenga (R-MI) to bolster efforts at the Securities and Exchange Commission (SEC) to protect investors and strengthen markets. The House passed the Improving Investment Research for Small and Emerging Issuers Act, H.R. 2919, sponsored by Rep. Huizenga and cosponsor U.S. Rep. Ben… Read more »

Last night, the U.S. House of Representatives passed three bipartisan bills from Congressman Bill Huizenga to strengthen capital markets, provide greater opportunities for investors, and enhance whistleblower protections for employees who report illegal behavior in an effort to prevent crony capitalism.  Below are brief summaries of each measure that passed the House with quotes from… Read more »

House Republicans today expressed willingness to partner with Democrats in advancing legislation that would overturn a Supreme Court decision and help the SEC collect cash from wrongdoers. At a House Financial Services hearing today, Rep. Bill Huizenga (R-Mich.) said the SEC needs to be able recover ill-gotten gains and distribute those funds to harmed investors. "I am supportive in… Read more »

In the 115th Congress, the U.S. House of Representatives unanimously passed HR 477, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act with a 426 – 0 recorded vote; but it failed to become law because time ran out in the U.S. Senate at the end of 2018. Later in the session, Hensarling and Waters - again in bipartisan fashion - added HR 477 to… Read more »

Today, Congressman Bill Huizenga (MI-02) issued the following statement in response to the agreement made between the United States, Canada, and Mexico to lift tariffs on steel and aluminum.  “The elimination of steel and aluminum tariffs between the U.S., Canada, and Mexico is welcome news and a very positive step that will have a significant impact on Michigan. As Chair of the… Read more »

Another federal bailout of top banks in the United States cannot be allowed to happen again, said U.S. Rep. Bill Huizenga (R-MI) during an April 10 U.S. House Financial Services Committee hearing. The hearing brought in the chief executive officers (CEOs) of seven of the nation’s largest financial institutions to answer tough questions that committee members asked on behalf of American… Read more »

Congressman Bill Huizenga (MI-02), who serves as Ranking Member of the House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, questioned the CEO’s from Bank of America, JP Morgan Chase & Co, Citi Group, Bank of New York Mellon, Goldman Sachs, Morgan Stanley, and State Street Corporation about their capitalization, protecting taxpayers from another bailout,… Read more »