Financial Services
The proper role of the Federal government in the financial services sector is to promote consumer choice, encourage competitive markets, and provide smart regulation to protect consumers. Consumers should have access to financial products that meet their unique needs. The Federal government should not be in the business of limiting financial freedom and restraining economic growth and wealth creation simply because Uncle Sam disagrees with the choices that fully-informed consumers make.
More on Financial Services
Congressman Luke Messer responds to Secretary Lew’s op-ed in the Washington Post that urges Congress to enact legislation addressing corporate tax inversions. The interview aired on July 28, 2014, on CNBC's "Squawk on the Street."
If you are like most Americans, you probably have heard of the Federal Reserve. But, you may not know much about what the Fed actually does or the very real ways its decisions impact your day-to-day life.
The Federal Reserve was founded by Congress in 1913 to ensure a safer, more flexible, and more stable monetary and financial system. What that means today is that the Fed has broad authority to set monetary policy and regulate the American financial system. Its policies have broad economic implications for the nation, and they impact Main Street just as much as Wall Street.
WASHINGTON—Today, Congressman Luke Messer (IN-06) was officially appointed to serve on the House Committee on Financial Services.
“Congressman Messer will be a valuable asset to the Financial Services Committee,” said Financial Services Committee Chairman Jeb Hensarling (R-TX ). “I look forward to working with him to foster competitive capital markets, cut the burden of federal red tape, and end the phenomenon of ‘too big to fail,’ all to help the best housing and jobs program known to man—the free enterprise system.”
This week the House provided financial relief for the hundreds of Hoosier homeowners struggling to pay skyrocketing flood insurance premiums. H.R. 3370, the Homeowner Flood Insurance Affordability Act (HFIAA), eliminates many of the unintended consequences of a 2012 overhaul of the federal flood insurance program referred to as the Biggert-Waters Act.
