WASHINGTON – Rep. Randy Neugebauer (TX-19) released the following statement regarding the extension of the Iran nuclear talks:
“Instead of agreeing to an extension of talks, the Obama administration needs to put more pressure on the Iranian regime to abandon its nuclear weapons program. The recent extension will only provide further sanctions relief and allow the regime to continue its role as a state sponsor of terrorism. This is unacceptable. To protect the American people, and our key allies like Israel, we cannot allow the Iranian regime to move forward with its nuclear weapons program.”
Wishing You a Blessed and Happy Thanksgiving In a few days, we’ll all sit down with our loved ones to share a turkey and our thanks. I’m thankful for so much this year – my happy and healthy family, a strong and free America, and the opportunity to represent you and your neighbors in Texas’ 19th District. Dana and I send our best wishes to you and your families for a blessed and happy Thanksgiving.
The President’s Unilateral Action on Immigration President Obama has disregarded the U.S. Constitution countless times in his six years in the White House. But his announcement Thursday to unilaterally reform our immigration system without the necessary congressional approval completely tramples over our nation’s system of checks and balances. For those of you that missed it: the President outlined a proposal to delay the deportations and provide new options for about four million illegal immigrants.
Many of you have called in to share your outrage. And I agree. His plan for executive amnesty ignores our Constitution and the desires of the American people. His failure to enforce our current law is an affront to the millions of families who have played by the rules and worked hard towards becoming American citizens. I’ve had the honor of assisting many immigrants in TX19 as they navigate the legal immigration process and work towards the American Dream. They’ve worked hard, and they deserve better from this Administration.
I’m listening to your ideas, and I’m ready to work with my colleagues in Congress to use every tool available to hold the President accountable to you.
House Lawsuit Against Obamacare On Friday, the House of Representatives officially filed a lawsuit against the Obama Administration for its unprecedented overreach. The lawsuit specifically challenges two facets of Obamacare: the two unlawful delays of the employer mandate, and the insurance subsidies the government hands out outside of the congressional appropriations process.
The Administration is “enforcing” rules that Congress didn’t include in the law – in fact, they’re acting outside of the law entirely. The lawyer taking our case, Jonathan Turley, summed up the arguments before the House Rules Committee and on his personal blog. While Mr. Turley has been described as a “liberal lawyer” and has supported President Obama in the past, he realizes the Constitution and our system of checks and balances trump politics. I voted for the resolution to authorize the lawsuit in July, and I fully support the action we took on Friday to officially challenge the President’s power grab in the courts.Read More
“I am disappointed that President Obama has once again decided to ignore the Constitution, our system of checks and balances, and the desires of the American people. Instead of working with a new Congress, the President has decided to go it alone and use another executive power grab. The American people are tired of it. The President’s failure to enforce our immigration laws is an affront to the millions of people and families who have played by the rules, saved long and hard to become American citizens, and spent years in line in the hope of someday having the opportunity to live the American Dream. I have had the honor of working with and assisting so many individuals and families in the 19th District of Texas through the legal immigration process. They deserve better from this Administration.
“While the President doubles down on his legacy of lawlessness, tonight Congress must double down on our efforts to hold the President accountable to the American people and stand up to defend the Constitution. We must use all available tools to stop this power grab.”
WASHINGTON – Rep. Randy Neugebauer (R-TX) released the following statement after being named Chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit for the 114th Congress:
“It is a real honor to serve on the Financial Services Committee under the leadership of my friend and fellow Texan, Chairman Hensarling. During the 113th Congress, the Committee has passed dozens of bills to enable our economy to reach its full potential and expand opportunity for all Americans. Unfortunately, the Senate has failed to act on many of these common sense solutions. I am optimistic that the new political landscape will bring more prospects to move important legislation to the President’s desk,” Neugebauer said.
“I thank Chairman Hensarling for the trust he has placed in me, and I am honored and humbled to serve as Chairman of the Financial Institutions and Consumer Credit Subcommittee. We will continue to focus on growing our economy, creating more jobs, and holding Washington accountable to the American people.”
“Chairman Neugebauer is a thoughtful and pragmatic member of our team whose experience prior to Congress as a small businessman, banker, and homebuilder gives him a real-world understanding and common sense approach to the policies we are pursuing for a healthy economy that brings opportunity for all,” said House Financial Services Chairman Jeb Hensarling (R-TX).
Rep. Neugebauer currently serves as Chairman of the Housing and Insurance Subcommittee.
The Financial Institutions and Consumer Credit Subcommittee has jurisdiction over the following:
WASHINGTON – Rep. Randy Neugebauer (R-TX), Chairman of the Financial Services Subcommittee on Housing and Insurance, released the following opening statement, as prepared for delivery, at today’s Financial Services Subcommittee hearing:
“Thank you all for attending this important hearing examining a range of international regulatory standards being proposed by the International Association of Insurance Supervisors. Through this hearing our members hope to get a better understanding of how our insurance supervisors are balancing the need to coordinate regulatory efforts overseas with their responsibility to promote a global marketplace that benefits domestic policyholders and insurers.
“The IAIS represents insurance regulators and supervisors in nearly 140 countries. It is tasked with coordinating global insurance policy and promoting globally consistent regulations. Overall, this Committee does see the benefit of better international coordination in terms of preventing regulatory gaps and promoting efficiency; however I am concerned that the IAIS’ role has evolved from being an international coordinator to that of a global promulgator.
“The IAIS’ most recent proposal to harmonize insurance regulation-commonly referred to as ComFrame - would create a one-size-fits-all regulatory regime for global insurers, including burdensome group-wide capital assessments and prescriptive prudential standards.
“Members of this Committee have expressed concern with the prescriptive nature of the ComFrame proposal, but many are equally concerned that it seems to be a mechanism for the EU to export its consolidated, bank-like approach to regulating insurance here in the U.S. While this system may work well for our allies across the Atlantic, it is inconsistent with our system of insurance regulation and I don’t believe it is in the best interest of U.S. consumers and insurers.
“It is not just the substance of the workstream coming out of the IAIS that worries our members, but also the apparent lack of transparency at the organization. For example, U.S. firms that have been designated systemically important have complained about the opacity of the selection methodology by the IAIS and the Financial Stability Board and the lack of due process to appeal such decisions. And more recently, the IAIS, with the support of FIO, decided to eliminate the “observer status,” which was the only avenue for U.S. insurers and consumers to present their views before the organization.
“So if I understand international developments correctly, we are on the verge of importing the European model of insurance regulation here at home and exporting the non-transparent FSOC model to our trading partners at the IAIS.
“With that being said, I am beginning to receive positive feedback about our insurance regulators and supervisors becoming more unified. In particular, I would like to commend our witnesses for vigorously pushing back against global standards that would include “market-based accounting” for insurer assets. I am optimistic that we can continue this momentum and change the direction at the IAIS. I thank our witnesses for participating today and I look forward to hearing how we can work together to achieve beneficial outcomes for our domestic policyholders and insurers.”
Keystone XL PipelineLast week, I voted with my colleagues in the House in favor of the Keystone XL pipeline again. I’ve heard from so many of you about your support for the this pipeline. What’s not to like? According to the State Department, it will create 30,000 construction jobs, and ultimately support 42,000 jobs nationwide. It will lower energy and gas prices in the U.S., and it will reduce our dependency on oil from unstable nations. And almost seven years of review have put rest to any environmental concerns. But that hasn’t stopped the Obama Administration from delaying and denying the project. Keystone XL has broad, bipartisan support in Congress and across America. I expect the Senate to take the bill up this week, and hopefully we can finally move forward on this project without more delays from the Administration.
Holding the EPA Accountable With the goals of transparency, accountability, efficiency, and good representation of TX19, I’ve supported the Secret Science Reform Act of 2014 for the past nine months as a cosponsor. I voted for its passage through the House Science, Space, and Technology Committee in June, and now the entire House of Representatives will get a chance to vote for it when it comes to the floor this week. It’s a common-sense bill. It requires the EPA to share the data it uses to legitimize regulations. It holds the EPA accountable – making sure they have to use fair and accurate science before they burden the American people with unnecessary hoops to jump through. It will stop the current inefficient and unfair practices of the EPA: they’ll no longer be able to use secret data to justify billions of dollars in runaway regulations that harm economic growth and opportunity here in America. I’m excited to support this bill again this week. I hope it can quickly pass the House and Senate and move to the President’s desk.
Lung Cancer Awareness Month Did you know lung cancer kills more Americans than any other type of cancer? That’s right. One in every 13 men and one in every 16 women will be diagnosed with lung cancer in their lifetime. That’s why it’s so important to bring awareness to the disease each November for Lung Cancer Awareness Month. As a prostate cancer survivor, I understand the importance of early detection, talented doctors, and a loving support system. It’s crucial that we all know the resources available to us to detect and fight cancer. So please, take some time this month to learn about lung cancer and how you can protect your health.Read More
WASHINGTON – Rep. Randy Neugebauer (R-TX), Chairman of the Financial Services Subcommittee on Housing and Insurance, released the following statement today after the Federal Housing Administration (FHA) released its FY2014 Annual Report to Congress on the Mutual Mortgage Insurance Fund (MMIF):
“While I am encouraged by the news that FHA’s Mutual Mortgage Insurance ratio moved into positive territory, I am concerned that the ratio remains well below two percent as mandated by Congress. Failure to meet this requirement leaves hardworking American taxpayers vulnerable to another government bailout. We can do better.
“As I have said before, FHA is not just broke, it is broken and in need of long-term structural reform. Despite being an insurer, FHA runs its operations contrary to the most basic principles of insurance and sound business practice. Specifically, FHA’s failure to both evaluate risk according to actuarial principles and correlate premiums to actual risk is disconcerting. I remain committed to working with my colleagues to improve FHA’s financial footing and enacting structural reforms that ensures that FHA can serve first-time homeowners and low-to-moderate income borrowers for the long-term.”
1424 Longworth HOB
Washington, DC 20515
Congressman Randy Neugebauer proudly represents the 19th Congressional District of Texas, which stretches across 29 counties. He has offices in the cities of Abilene, Big Spring and Lubbock.
As one of the most conservative Members of Congress, Randy works to keep Washington accountable to hardworking American taxpayers by requiring commonsense spending and borrowing limits.
Randy was raised in West Texas, and he is a voice for traditional Texan values in Washington. Randy graduated from Texas Tech in 1972 with a degree in accounting. He went on to work in real estate management, eventually starting his own land development company.
As a small business owner, Randy knows first-hand the dedication and commitment it takes to own and manage a successful company. He also knows how government regulations can quickly deplete the resources of a small business, causing hard times for families and communities. Randy brings this businessman’s perspective to Congress where he advocates for reduced spending, fiscal discipline, free markets, and limited government.
Randy serves on three committees in the House of Representatives, where he can work on legislation that directly benefits his constituents. He is a senior member of the House Agriculture Committee and the House Science, Space, and Technology Committee. Additionally, he serves as the Chairman of the House Financial Services Subcommittee on Housing and Insurance.
As Housing and Insurance Subcommittee Chairman, he’s working to reform the housing market, cut regulatory burdens, and shift risk away from American taxpayers and back into the private sector.
Randy’s legislative initiatives include eliminating wasteful federal spending, improving crop insurance, and supporting diverse domestic energy sources. He continues to work on legislation that will empower the constituents of the 19th Congressional District.
Randy’s support of conservative principles has been recognized by many groups and organizations. He has received the U.S. Chamber of Commerce Spirit of Enterprise Award, the Club for Growth Defender of Economic Freedom Award, and the Taxpayer’s Friend Award from the National Taxpayers Union. He has earned a 100% lifetime rating by National Right to Life. He has been recognized by National Journal as one of the six most conservative members of the U.S. House of Representatives. In addition, Randy serves as an Assistant Republican Whip to House Republican Whip Kevin McCarthy.
Randy is married to his high school sweetheart, Dana, who is a Ropesville native. Together they have two sons, two daughters-in-law, and are the proud grandparents of three boys and one girl.
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Dana and I wish you a blessed Thanksgiving! http://t.co/CMD0ZT3fzK
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I am concerned that the regulator’s role has evolved from international coordinator to global decider http://t.co/Wye0yBkGpg
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We shouldn't import the Euro model of insurance regulation to U.S. It would drive up costs & prevent transparency http://t.co/Wye0yBkGpg
Dana and I wish you a safe and blessed Thanksgiving. I’m thankful for this day to spend with my family, the food on our table, the servicemen
To protect the American people and our strong ally Israel, the Obama Administration needs to put firm pressure on Iran to abandon its nuclear
President Obama has disregarded the U.S. Constitution countless times in his six years in the White House. Read Randy's Roundup to hear more
I am disappointed that President Obama has once again decided to ignore the Constitution, our system of checks and balances, and the desires
I’m honored House Committee on Financial Services Chairman Jeb Hensarling has chosen me to serve as Chairman of the Subcommittee on Financial