On Tuesday, AEI’s Peter J. Wallison hosted Chairman Jeb Hensarling of the House Financial Services Committee at AEI to discuss the Financial CHOICE Act. They evaluated the causes of the 2007–08 financial crisis and how the Dodd-Frank Act fails to address those causes.
Mr. Wallison and Chairman Hensarling considered the Dodd-Frank Act’s role in reducing lending activities — especially among small and community banks — and the ensuing slow recovery. They then discussed the challenges for the CHOICE Act in the House and Senate. The event concluded following a brief Q&A session.
On May 4, 2017, the House Financial Services Committee favorably reported H.R. 10, the Financial CHOICE Act, and it is expected to be voted on by the full House of Representatives soon. Years in the making, it is a comprehensive response to the Dodd-Frank Act of 2010.
Please join AEI for a conversation with Jeb Hensarling, chairman of the House Committee on Financial Services, on how the CHOICE Act will reduce regulatory burdens on community banks, end “too big to fail,” and increase economic growth.
Join the conversation on social media with #HensarlingatAEI.
Peter J. Wallison, AEI
Jeb Hensarling, Chairman of the US House of Representatives Committee on Financial Services (R-TX)
Peter J. Wallison, AEI
Event Contact Information
For more information, please contact Bailey Barker at [email protected], 202.862.5813.
Media Contact Information
For media inquiries or to register a camera crew, please contact [email protected], 202.862.5829
Jeb Hensarling (R-TX) was first elected to Congress in 2002 and is the chairman of the House Financial Services Committee. He was chosen by his congressional colleagues during the 112th Congress to chair the House Republican Conference. Before the 112th Congress, he served as the number two Republican on the House Budget Committee, under Paul Ryan. Before coming to Congress, Chairman Hensarling spent 10 years in private business, serving as an officer for an investment firm, a data management company, and an electric retail company.
Peter J. Wallison is a codirector of AEI’s program on financial policy studies and researches banking, insurance, and securities regulation. As general counsel of the US Treasury Department, he had a significant role in the development of the Reagan administration’s proposals for the deregulation of the financial services industry. He also served as White House counsel to President Ronald Reagan and is the author of “Ronald Reagan: The Power of Conviction and the Success of His Presidency” (Westview Press, 2002). His other books include “Competitive Equity: A Better Way to Organize Mutual Funds” (AEI Press, 2007); “Privatizing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks” (AEI Press, 2004); “The GAAP Gap: Corporate Disclosure in the Internet Age” (AEI Press, 2000); and “Optional Federal Chartering and Regulation of Insurance Companies (AEI Press, 2000).”