CONGRESSMAN JIM HIMES

Representing the 4th District of Connecticut

Financial Services

As a member of the Financial Services Committee that has jurisdiction over all issues pertaining to the banking system, housing, insurance, and securities and exchanges, my responsibility is to work to improve the regulatory apparatus, provide strong consumer protections, and increase access to capital for businesses to support a thriving economy.  In addition, I have been appointed to serve on the Subcommittee for Capital Markets and Government Sponsored Enterprises and the Subcommittee for Terrorism and Illicit Finance

Helping American Consumers

When I first took office in 2009, I immediately began working with my colleagues on the House Financial Services Committee to write the Wall Street Reform and Consumer Protection Act, also known as Dodd-Frank. Click here to read more…

Supporting Small Businesses

America’s small businesses are a powerful driving force in our economy, and Congress must do everything it can to establish a favorable business climate so that entrepreneurs can raise capital, hire more workers, and help grow the economy. Click here to read more…

Housing Reform: A Better Deal for Middle Class Homeowners

At the epicenter of the financial crisis was the startling decline in the housing market.  As the housing market recovers, one of the my top priorities is to assist middle class families achieve the dream of home ownership and ensure that the American taxpayer is never again exposed to risky behavior in the housing market.  Click here to read more…

 

More on Financial Services

September 14, 2017 Press Release

WASHINGTON, DC— Congressman Jim Himes (CT-04) today released the Credit Information Protection Act of 2017, H.R. 3766, in response to a major data breach at Equifax that exposed the personal information of tens of millions of Americans to potential hackers, identity theft, and credit problems.

August 28, 2017 Page

As a member of the Financial Services Committee that has jurisdiction over all issues pertaining to the banking system, housing, insurance, and securities and exchanges, my responsibility is to work to improve the regulatory apparatus, provide strong consumer protections, and increase access to capital for businesses to support a thriving economy.  In addition, I have been appointed to serve on the Subcommittee for Capital Markets and Government Sponsored Enterprises and the Subcommittee for Terrorism and Illicit Finance

Helping American Consumers

November 5, 2015 Press Release

WASHINGTON, DC—On October 5, the Supreme Court declined to hear United States v. Newman, a decision by the 2nd Circuit Court of Appeals that left the door open for insider trading on Wall Street. Since then, numerous stories have been written about the detrimental effect the decision is having on the government’s ability to enforce the law. However, there has not been as much written on how to fix the problem.

October 29, 2015 Press Release

WASHINGTON, DC—Today, Congressman Jim Himes (CT-4), released the following statement on the bipartisan budget deal reached yesterday and his views on Congress’s priorities going forward:

“Yesterday, the House of Representatives passed a bill that will set spending levels for more than a year, ensure America can meet its financial obligations until 2017, and prevent catastrophic increases in Medicare premiums. I voted for the bill, which passed the House with a majority of Republicans and every Democrat supporting it.

October 29, 2015 Press Release

WASHINGTON, DC—Today, the United States Supreme Court denied certiorari in the case of United States v. Newman . The Court’s decision not to hear the case leaves intact the previous ruling by the Second Circuit Court of appeals. As the law stands, federal regulators and law enforcement attempting to stop insider trading face an overly burdensome standard of proof.

July 23, 2015 Press Release

Washington, DC: Today, Congressman Jim Himes, member of the Financial Services Committee and Vice Chair of the New Democrat Coalition, hosted a special order on the floor of the House of Representatives discussing the fifth anniversary of Dodd-Frank. He highlighted the strong achievements of Dodd-Frank in helping the country rebound from the financial crisis that began in 2008 and the continued work that has to be done to make the bill effective in response to changing economic conditions in coming years. 

April 3, 2015 Press Release

WASHINGTON, DC - Congressman Jim Himes (CT-4), a member of the House Financial Services Committee, issued the following statement on today’s decision by the United States Court of Appeals for the Second Circuit’s to not reconsider the December ruling in United States v. Newman.

March 25, 2015 Press Release

WASHINGTON, DC—Congressman Jim Himes (CT-4), a member of the House Financial Services Committee, introduced bipartisan legislation today to establish an explicit statutory ban on insider trading. The Insider Trading Prohibition Act makes it a federal crime to trade a security based on material, nonpublic information that was wrongfully obtained, ending decades of ambiguity for a crime that has never been clearly defined by law. Reps. Steve Womack (R-AR), Carolyn Maloney (D-NY) and Emanuel Cleaver (D-MO) are the lead cosponsors of the legislation.

March 19, 2015 Press Release

WASHINGTON – Representatives Jim Himes (CT-4), John K. Delaney (MD-6) and John Carney (DE-At Large) have introduced legislation designed to protect the fixed-rate 30-year mortgage – a key instrument to ensure home affordability for the middle class – and shield American taxpayers from future bailouts by reforming the housing finance system. The Partnership to Strengthen Homeownership Act combines the private sector’s superior ability to price risk with the federal government’s unique ability to provide capacity.

July 10, 2014 Press Release

Washington, D.C. – Representatives Jim Himes (CT-4), John K. Delaney (MD-6) and John Carney (DE – at large) today introduced innovative housing finance reform legislation, the Partnership to Strengthen Homeownership Act (H.R. 5055). This legislation preserves the 30-year fixed rate mortgage and protects American taxpayers by using private sector pricing to reduce the risk of future bailouts. It shifts the housing finance market away from Fannie Mae and Freddie Mac, and keeps home ownership attainable for working families by strengthening affordable housing programs.