{"database": "press", "table": "releases", "rows": [["http://hultgren.house.gov/newsroom/press-releases/hultgren-supports-passage-of-legislation-to-increase-transparency-at-federal", "Hultgren Supports Passage of Legislation to Increase Transparency at Federal Reserve, Hold Financial Regulators Accountable", "2015-11-19", "2015", "2015-11", "Republican", "House", "IL", "Randy Hultgren", "H001059", "hultgren.house.gov", null, null, "legacy", "Washington, DC  This week, the House of Representatives passed four financial reform bills cosponsored by U.S. Representative Randy Hultgren (IL-14). Rep. Hultgren has used his position on the House Financial Services Committee to hold our regulators accountable and to ensure the nations financial institutions are able to offer responsible access to credit.\nH.R. 3189, the Fed Oversight Reform and Modernization Act requires greater accountability and transparency at the Federal Reserve such as improved communication of monetary policy, an annual audit of its monetary policy, and more frequent testimony before Congress.\nThe actions takenby the Federal Reserve leading up to and following the financial crisis have demonstrated the need for improved transparency and accountability to the American people, said Rep. Hultgren. The Fed Oversight Reform and Modernization Act will help restore trust in the Fed and will promote stable economic growth.\nH.R. 1210, the Portfolio Lending and Mortgage Access Act requires the Consumer Financial Protection Bureau (CFPB) to provide a legal safe harbor to mortgages banks keep on their books.\nH.R. 1737, the Reforming CFPB Indirect Auto Financing Guidance Act repeals guidance issued by the CFPB in 2013 that violates bipartisan Congressional intent of prohibiting the Bureau from regulating automotive dealers. It also requires a more transparent process by the Bureau for future policy regarding automotive lending.\nH.R. 1478, the Policyholder Protection Act prohibits federal banking regulators from moving the assets of healthy state-regulated insurance subsidiaries of larger financial firms to a failing bank subsidiary if the state insurance regulator determines the transfer would harm the status of the insurer.\nThe Dodd-Frank Act and the Consumer Financial Protection Bureau have disrupted the relationship between trusted community banks and their customers, said Rep. Hultgren. They have repeatedly defied Congressional intent, and the misguided activist agenda of the President and his allies is a detriment to those in the market for an affordable car or their familys first home. I was happy to see my Democratic colleagues join me in supporting this regulatory relief legislation, despite unfounded opposition from the Administration.\nAll four bills passed the House of Representatives with bipartisan support.\n###", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["http://hultgren.house.gov/newsroom/press-releases/hultgren-supports-passage-of-legislation-to-increase-transparency-at-federal"], "units": {}, "query_ms": 1.0418440215289593, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}