Financial Services Committee
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Congressman Andy Barr (KY-06) introduced H.R. 4270, the Monetary Policy Transparency and Accountability Act of 2017. The legislation requires the Federal Reserve to adopt an easy to understand policy strategy, and clearly explain how its actual policies compare to a set of well-known benchmarks. In doing so, households, businesses and investors will have greater confidence and certainty in their financial and investment decisions.
Congressman Andy Barr (KY-06) issued the following statement after President Donald Trump nominated Jerome “Jay” Powell to serve as the next Chairman of the Federal Reserve:
The House of Representatives today approved legislation introduced by Congressman Andy Barr (KY-06) to impose the most far-reaching sanctions ever directed at North Korea. H.R. 3898, the Otto Warmbier North Korea Nuclear Sanctions Act was passed in the House with overwhelming bipartisan support, and was recently passed by the Financial Services Committee with a unanimous vote of 56-0.
Congressman Andy Barr’s (KY-06) legislation, H.R. 3898, the Impeding North Korea’s Access to Finance Act of 2017, was passed unanimously today by the House Financial Services Committee. During yesterday’s debate of the legislation, which would impose the most far-reaching sanctions ever directed at Pyongyang, both Republican and Democratic members of the committee praised the bill.
Congressman Andy Barr (KY-06) today voted in favor of H.R. 10, the Financial Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs (CHOICE) Act. Congressman Barr is an original cosponsor of the legislation which overhauls the Dodd-Frank Act to expand economic opportunity, end taxpayer bailouts, and to increase penalties for financial fraud and crimes.
Congressman Andy Barr (KY-06) today reintroduced the Taking Account of Bureaucrats’ Spending (TABS) Act. The legislation would make the budget of the Consumer Financial Protection Bureau (CFPB) subject to congressional appropriations and therefore give Congress the power of the purse over this unaccountable agency, its regulatory overreaches, and lavish spending for the first time.
Congressman Andy Barr (KY-06) today reintroduced H.R. 2226, the Portfolio Lending and Mortgage Access Act. The bill promotes affordable home financing and discourages the practices that led to the 2008 financial crisis and the resulting taxpayer bailouts of Fannie Mae, Freddie Mac, and too-big-to-fail financial institutions.
Congressman Andy Barr (KY-06) released the following statement following introduction of H.R. 10, the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (CHOICE) Act.
Congressman Andy Barr (KY-06) has been named the Chairman of the Financial Services Subcommittee on Monetary Policy and Trade for the 115th Congress. Among other issues, the subcommittee is responsible for oversight of the Federal Reserve System, as well as domestic and international monetary policy.
Congressman Andy Barr (R-KY) today made the following statement after the U.S. Court of Appeals for the District of Columbia ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional:
“Today the second highest court in the land agreed with what I have been saying all along; that the Consumer Financial Protection Bureau as currently structured is unconstitutional. This ruling vindicates my work to reform the Bureau and hold the agency accountable for its regulatory overreaches and abuses of power.”