Hensarling To Become Financial Services Committee Chairman

Posted by Orb Staff on November 28, 2012 No Comments
Categories : Residential Mortgage

12813_220px-jeb_hensarling_official_portrait_112th_congress Hensarling To Become Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, has been tapped to become the next chairman of the House Financial Services Committee.

The Dallas Morning News reports that Hensarling was nominated by the House Republican Steering Committee to succeed Rep. Spencer Bachus, R-Ala. The House Republican conference will vote today to confirm Hensarling.

Hensarling, a six-term congressman, was named vice-chairman of the committee in 2010. He has been one of the most vocal critics of the Dodd-Frank Act and the conservatorship of the government-sponsored enterprises. He has also been critical of the Obama administration's housing policies, and in December 2011 he warned that the management of the Federal Housing Administration was "a disaster in the making.’

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