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 The current definition used by the Securities and Exchange Commission (SEC) to identify “accredited investors” is outdated.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 »
Today, Congressman Bill Huizenga (MI-04), Chairman of the Oversight and Investigations Subcommittee for the House Committee on Financial Services, released the following statement on the Federal Reserve's SVB report.
"While this report by the Federal Reserve recognizes the clear failure of bank management to address risks created by rising interest rates, it falls short of fully… Read more »
Yesterday, the House Committee on Financial Services successfully advanced Congressman Huizenga’s legislation, the Accredited Investor Definition Review Act, with an overwhelmingly bipartisan vote of 41-2. The Accredited Investor Definition Review Act would modernize Securities Act of 1933 and the Dodd-Frank Wall Street Reform and Consumer Protection Act with respect to the definition of… Read more »
Yesterday, Congressman Bill Huizenga, Chairman of the Oversight and Investigations Subcommittee for the House Committee on Financial Services, grilled Securities and Exchange Commission (SEC) Chairman Gary Gensler on his agency's lack of transparency and responsiveness to congressional request for documents.
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