Financial Services—Chairman of Housing & Insurance Subcommittee

The House Financial Services Committee handles a wide range of issues that affect our economy from banking and public housing to monetary inflation and efforts to combat terrorist financing. 

The way our markets operate isn't just a concern for Wall Street. It determines how much interest you pay on your car loan, how easy it is to get a mortgage, and whether or not you can get a loan to start a small business in your hometown. 

I know this from my experience as a homebuilder in Lubbock.  That's why I serve on this Committee, and why I'm so proud to be Chairman of the Subcommittee on Housing and Insurance. 

My subcommittee has two primary jurisdictions: Housing covers all federal housing programs except for programs administered by the Department of Veterans Affairs. This includes issues ranging from construction and safety standards to mortgage and loan insurance. Insurance covers all government sponsored insurance programs like flood insurance, terrorism insurance and others. See the Financial Services Committee Rules for a full description of our jurisdiction.

What to watch for in 2014

I'll update this page frequently with my opening statements at financial services hearings, and videos of my questions for leading policy makers. 

My goal for this year is simple: reducing the government role in our markets to make them more efficient. 

The government has gotten far too tangled up in our housing and insurance markets, and now taxpayers are backing about 90% of all mortgages. What’s more, the government isn’t good at managing these programs, so many are going broke. My goal as Subcommittee Chairman is reducing the government role so taxpayers aren’t on the hook, and our housing and insurance markets are more efficient.

Hearing Highlights

Watch statements and testimony from my Financial Services Committee hearings here: