Randy Neugebauer

Randy Neugebauer

TEXAS' 19th DISTRICT

Neugebauer Praises Committee Passage of Regulatory Relief Bills for Community Financial Institutions

2015/07/29

WASHINGTON – Rep. Randy Neugebauer (R-TX), Chairman of the Financial Institutions and Consumer Credit Subcommittee, released the following statement today after the Financial Services Committee passed 14 bills, including numerous measures to provide regulatory relief for community financial institutions:

“After five long years of Dodd-Frank’s misguided regulatory assault on Main Street, I’m pleased the Financial Services Committee once again acted to provide regulatory relief for our community financial institutions and the hardworking Americans they serve. Washington’s one-size-fits-all rulemaking has shifted Dodd-Frank’s compliance costs down to many individuals and families—forcing them to absorb higher cost of credit while reducing their access to popular financial products. This ‘new normal’ is unacceptable. As Chairman of the Financial Institutions and Consumer Credit Subcommittee, I will continue to work in a bipartisan manner and advocate for well-tailored consumer protection that does not infringe upon consumer choice, or the ability of the American people to achieve greater opportunity.”

Of the 38 bills passed out of the House Financial Services Committee during the 114th Congress, 19 have come from the Financial Institutions and Consumer Credit Subcommittee.

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Randy's Roundup: Defunding Sanctuary Cities

2015/07/28

Defunding Sanctuary Cities Last week, and with my support, the House passed the Enforce the Law for Sanctuary Cities Act (H.R. 3009). This legislation would deny certain federal funds for “sanctuary cities” that ignore federal immigration laws and shelter illegal immigrants from deportation. The debate regarding sanctuary cities has intensified as of late after a woman in San Francisco was killed by an illegal immigrant with a history of multiple felonies and who had previously been deported five times. This is outrageous. To keep the American people safe, I believe we must prioritize border security, but we also need to make sure we are enforcing our existing immigration laws and not rewarding bad behavior. Sanctuary cities only incentivize those who enter our country illegally to continue doing so. This House-passed bill is an important first step, and additional enforcement legislation could come before Congress for a vote in the near-future.Holding the Department of Veterans Affairs Accountable Our nation’s veterans have sacrificed a lot to keep America safe, and they deserve a Department of Veterans Affairs (VA) that operates with their best interests in mind. Unfortunately, under the Obama Administration, the VA has been ridden with numerous scandals that ultimately could have contributed to the deaths of several veterans. This is unacceptable and infuriating. While Congress passed legislation last year to reform the VA, those employees who did the most harm have not been held accountable. This week, the House will vote on the VA Accountability Act of 2015 (H.R. 1994). This common sense legislation gives the Secretary of the VA the authority to remove any VA employee based on performance or misconduct. We need to move this legislation to the President’s desk and I will continue to fight for our veterans.Reducing Regulatory Burdens to Boost Economic Growth This week, the House is expected to vote on H.R. 427, the Regulations from the Executive in Need of Scrutiny Act of 2015 (REINS Act). This bill would require any executive branch rule or regulation with an economic impact of $100 million or more to receive a vote in Congress. In 2014, the Obama Administration finalized over 3,500 new rules and regulations. According to the Competitive Enterprise Institute, the total cost of complying with federal regulations was $1.86 trillion in 2013, or about $15,000 per household. This red tape is clearly holding our economy back and limiting opportunity for too many individuals and families. I believe we need the REINS Act to hold the regulators more accountable and bring some additional checks and balances to the Obama Administration’s regulatory agenda. With each major rule or regulation receiving a vote in Congress, the rulemaking process would be more transparent and the American people would have a greater say to limit overregulation. I will continue to support conservative policies that cut red tape and boost economic growth.

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Neugebauer Leads Subcommittee to Examine NCUA’s Budget and Operations

2015/07/23

WASHINGTON – Rep. Randy Neugebauer (R-TX), Chairman of the Financial Institutions and Consumer Credit Subcommittee, delivered the following opening statement—as prepared for delivery—at today’s Subcommittee hearing to examine the National Credit Union Administration’s budget and operations:

“Good afternoon. Community financial institutions are the backbone of Main Street America.

“Credit unions in particular share a unique relationship with local communities. After all, they are cooperatives at their core. They help bring unserved and underserved customers into the financial mainstream. They provide that first credit card for young adults trying to build credit. They help the first-time homebuyer purchase the home they have been dreaming of.

“Often, they are the last corporate citizens left standing in many rural districts, including many areas in my district. Perhaps most important, they are experts at relationship banking – helping to customize products to fit the needs of their customer base.

“Unfortunately, credit unions, like community banks, are suffering from ‘one size fits all’ regulatory actions from federal regulators. For example, some credit unions now under go stress testing like their larger bank counterparts.

“Because of this increased regulatory burden and the related compliance costs, we have seen massive consolidation of credit unions and inflexible product standardization, which has limited consumer choice.

“Data from the National Credit Union Administration (NCUA) shows we lost nearly 1,000 credit unions between 2010-2014. This trend presents a threat to communities across the country — especially rural and semi-urban areas such as the 19th Congressional District of Texas.

“I worry that without some regulatory flexibility, credit unions will be less able to meet local needs, will stop offering products, or consolidate. To me, this signals problems in the health of the credit union industry.

“Today’s hearing will mark the first time since 2011 that the NCUA Chair has testified before Congress. As with any federal agency, it is imperative that we conduct vigorous oversight of budgeting and operations. This ensures that the money paid into the system by credit unions is being spent appropriately, and that the taxpayers remain protected by a strong Share Insurance Fund. Further, it ensures rigorous debate of policy decisions made by the NCUA.

“The NCUA has undertaken significant regulatory policy changes under Chair Matz’s leadership, and it is necessary to understand how those actions are affecting the health of the credit union system. Today, our members will get to tackle both tasks.

“During today’s hearing, I am hopeful Chair Matz will address two issues in particular. First, the NCUA’s budget has increased each year since 2008, sometimes by double-digit percentages. However, during the same timeframe, the number of credit unions has dropped by nearly a quarter. I hope to hear Chair Matz outline clear justifications for this budget increase that does not appear to match supervisory demands.

“Second, I remain concerned that the NCUA has not appropriately outlined how it will address the industry best practice of using capital buffers on top of regulatory capital requirements. The NCUA must clearly signal how it plans to supervise this industry best practice to ensure capital is efficiently put to use and to ensure robust and safe credit availability.

“I look forward to hearing Chair Matz’s perspective on these important issues and more during today’s hearing. Thank you.”

 

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Neugebauer Op-Ed: Reform the CFPB to Better Protect Consumers

2015/07/21

AMERICAN BANKER: Reform the CFPB to Better Protect Consumers

Randy Neugebauer and Roger Williams | Tuesday, July 21, 2015

Five years ago, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law as one of the largest financial overhauls in our nation’s history. The American people were told the law was necessary to ensure stability in the financial sector and prevent future meltdowns. But instead of responsibly studying the root causes of the crisis, Democrats in Washington rushed to regulate and threw a blanket over our entire financial system. Over 400 new rules stemming from the 2,300-page law designed for Wall Street have had unintended consequences for Main Street’s small businesses and community financial institutions.

As members of the House Financial Services Committee, and through our prior business experiences as a community banker and small business owner, we have seen firsthand how misguided Washington regulations are impacting individuals and families across America.

Our home state of Texas alone has 115 fewer community banks since the implementation of Dodd-Frank. Considering that 51% of all business loans under $1 million nationwide are issued by local banks and credit unions, according to the Independent Community Bankers Association, the effects of this sweeping overhaul have trickled down to local job creators who had nothing to do with the financial crisis.

Small financial institutions have had their resources drained by a constant onslaught of regulation. Since 2007, community banks have faced 153 new final regulations, 87 compliance changes and 59 annual adjustments to thresholds. Each time a rule is changed, community banks as well as absorb the costs. They must take the time to understand the new requirement, modify processes, train staff and produce new forms and material. These constitute opportunity costs, since resources could be better spent hiring more workers and catering to the needs of customers. Instead, they are too often forced to cater to Washington.

The Congressional Budget Office and Government Accountability Office have both estimated that Dodd-Frank cost $3 billion to implement and will result in nearly $27 billion in private-sector fees, assessments and premiums. In our slow-growth economy, we cannot afford this.

The Consumer Financial Protection Bureau is responsible for some of the most consequential regulations that are hurting economic growth and stifling opportunity for individuals and families across America. While in name this sounds like a laudable agency, in reality the CFPB continuously issues one-size-fits-all, Washington-knows-best regulations that harm consumer choice, decrease credit availability, and increase costs across the board for consumers and hardworking businesses. As Republicans, we believe in consumer protection — but we believe it must be smart, tailored, and politically neutral.

To more efficiently and effectively protect consumers while enabling our economy to reach its full potential, we must increase accountability and transparency at the CFPB. This will require some common sense reforms. To start, the CFPB is currently led by a single director who has far too much power over the entire U.S. financial sector. This means that the bureau can make major decisions with little input from small businesses and almost no discourse with those of dissenting opinions. The American people deserve better.

The Financial Product Safety Commission Act of 2015, introduced by Rep. Randy Neugebauer, would alter the CFPB’s structure and introduce a bipartisan, five-person commission appointed by the President to manage its work. This structure was originally suggested by then-professor and current Sen. Elizabeth Warren, former House Financial Services Committee chairman Barney Frank, and even President Obama. A commission structure would provide some much-needed checks and balances and would protect the work of the CFPB from the winds of political change with each incoming presidential administration. We are glad that our Democratic colleagues have recognized the importance of this bill and have lent their support as cosponsors. Congress should take this opportunity and swiftly move it to the President’s desk.

Meanwhile, while the CFPB has the ability to exempt smaller financial institutions from rules and regulations intended for larger banks, it has often failed to utilize this authority. For this reason, Rep. Roger Williams introduced the Community Financial Institution Exemption Act. The bill would require the CFPB to explain to community banks and credit unions why they are not exempted from certain CFPB regulations as permitted in Dodd-Frank.

On this fifth anniversary of Dodd-Frank, it is increasingly clear that our friends and neighbors on Main Street are suffering as a result of this flawed law. Congress must work together in a bipartisan manner to provide much-needed regulatory relief, better protect consumers, and make America stronger for generations to come.

Rep. Randy Neugebauer is chairman of the House Financial Institutions and Consumer Credit Subcommittee. Rep. Roger Williams is a member of the House Financial Services Committee.

 

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Randy's Roundup: Terrorism in Tennessee

2015/07/21

Terrorism in Tennessee I am deeply saddened and concerned by the attack on our service members in Chattanooga, Tennessee. While investigators are still working to discover the motive behind this heinous attack, we all know our nation continues to fight a global war on terrorism. We must remain vigilant as ISIS and other groups continue to seek to radicalize Americans and attack us at home and abroad. Our servicemen and women should be allowed to carry firearms on base to protect themselves and others. This is common sense and we must remain on the offensive to keep America and our servicemen and women safe. Dana and I send our thoughts and prayers to all those who lost loved ones, and we are forever grateful for their sacrifice to our nation.Planned Parenthood Video I am horrified by the undercover video revealing a senior director at Planned Parenthood discussing the sale of fetal body parts. This video is outrageous and awful, but sadly represents the likely truth of what is happening. Nothing is more important than protecting our children and unborn children. This is why I continue to fight to keep Planned Parenthood out of our schools and stop the funding stream of federal dollars to this organization. I am outraged and I have joined my colleagues in calling for a full investigation and I will continue to lead the fight to protect the sanctity of life.The Iran Nuclear Deal Last week, the Obama Administration announced a nuclear deal with Iran. Throughout the nuclear negotiations with the Iranian regime, I have been concerned that the Obama Administration was so focused on what a deal would mean for President Obama’s legacy, that we could end up with a bad deal just to get one at all. I believe this deal will jeopardize the safety and security of the American people, Israel, and all our friends around the world. The Obama Administration traded sanctions—which were working—for sanctions relief and a flexible timetable that would allow the Iranian regime to develop nuclear weapons and spark an arms race in the Middle East. These are unimaginable and dangerous concessions to a sponsor of terrorism that continues to hold Americans hostage. So what are the next steps? Congress has 60 days to review this deal. If Congress sends a disapproval resolution to the President, he would then have 12 days to veto it and Congress would then have 10 days from there to override that veto. This is a bad deal and I’m committed to working with my colleagues to overcome the President’s veto threat.Dodd-Frank 5-Year Anniversary As Chairman of the Financial Institutions and Consumer Credit Subcommittee, my focus continues to be on jobs and growing our economy for all. Tomorrow marks the 5-year anniversary of the Dodd-Frank Act, one of the largest job-crushing bills to come out of Washington in a long time. With over 400+ regulations and 2,000+ pages, this comprehensive bill is much like Obamacare but for our entire economy. And much like Obamacare, it has been a real failure for individuals and families across America. Instead of responsibly studying the causes of the financial crisis, Democrats in Washington rushed to regulate and threw a blanket over our entire financial sector. There have been many unintended consequences and the regulations designed for Wall Street have descended upon Main Street and the 19th District of Texas—stifling opportunity and economic growth. In Texas, there are 115 fewer community banks since the implementation of Dodd-Frank. 60 percent of all business loans under $1 million are issued by community banks and credit unions, so this has had real negative consequences for all of our job creators. The Congressional Budget Office and Government Accountability Office have both estimated that Dodd-Frank has cost $3 billion to implement and will take out $27 billion from the economy. Some of the most misguided regulations have come out of the Consumer Financial Protection Bureau. While laudable in name, the CFPB continues to push out regulations that decrease consumer choice, increase the cost of credit, and decrease credit availability. Many of these problems stem from its flawed governance structure. The Bureau is run by a single director and issues regulations with little input from small businesses or those with differing views. To increase transparency and accountability, I have introduced the Financial Product Safety Commission Act of 2015 (H.R. 1266) to replace the director with a bipartisan five-person commission. This change will ensure the Bureau is better protected from the effects of shifting political winds and can focus on ensuring a robust and safe consumer finance market. Fixing a flawed law as big as Dodd-Frank will not happen overnight, but these are the kinds of changes required to better protect consumers and grow our economy.  

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MEDIA ADVISORY: Neugebauer to Discuss Housing Finance Reform at Bipartisan Policy Center TODAY

2015/07/16

WASHINGTON – Rep. Randy Neugebauer (R-TX), Chairman of the Financial Institutions and Consumer Credit Subcommittee, will today participate in a discussion on housing finance reform at the Bipartisan Policy Center from 1:30 p.m. to 2:30 p.m. ET. WATCH LIVE WEBCAST.

WHAT:

Housing finance reform discussion at the Bipartisan Policy Center

WHO:

Rep. Randy Neugebauer (R-TX)

Rep. John Delaney (D-MD)

Moderator: Nick Timiraos, National Economic Correspondent, The Wall Street Journal

WHEN:

Thursday, July 16, 2015

1:30 p.m. to 2:30 p.m. ET

WHERE:

Bipartisan Policy Center

1225 Eye Street NW, Suite 1000

Washington, DC, 20005

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Neugebauer Statement on Iran Nuclear Deal

2015/07/14

WASHINGTON – Rep. Randy Neugebauer (TX-19) today released the following statement in reaction to the Iran nuclear deal:

“Throughout the nuclear negotiations with the Iranian regime, I have been concerned that the Obama Administration was so focused on what a deal would mean for President Obama’s legacy, that we could end up with a bad deal just to get one at all. I believe today’s deal will jeopardize the safety and security of the American people, Israel, and all our friends around the world. The Obama Administration traded sanctions—which were working—for sanctions relief and a flexible timetable that would allow the Iranian regime to develop nuclear weapons and spark an arms race in the Middle East. These are unimaginable and dangerous concessions to a sponsor of terrorism that continues to hold Americans hostage. I’m focused on keeping the American people safe and making our country stronger. Congress has 60 days to review this deal and must work together to combat the President’s veto threat.”

Background—The Next Steps:

Step 1: President Obama has 5 days to send Iran agreement to Congress

Step 2: Once Congress receives the agreements, Congress has 60 days to approve or reject the agreement

Step 3: President Obama has 12 days to veto a disapproval resolution from Congress

Step 4: Congress has 10 days to override the veto

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Neugebauer Convenes Subcommittee to Examine the Designation & Regulation of Bank Holding Company SIFIs

2015/07/08

WASHINGTON – Rep. Randy Neugebauer (R-TX), Chairman of the Financial Institutions and Consumer Credit Subcommittee, delivered the following opening statement—as prepared for delivery—at today’s Subcommittee hearing to examine the designation and regulation of bank holding company SIFIs:

“Good afternoon. Today’s hearing provides Members the opportunity to hear from some of the leading experts on financial stability and bank regulation with respect to Dodd-Frank’s Title I requirements.

“Over the last several years, there has been growing bipartisan and bicameral interest in re-examining Dodd-Frank’s regulatory framework for bank holding companies with assets greater than $50 billion.

“Section 165 of the Dodd-Frank Act requires the Federal Reserve Board to apply enhanced prudential standards for all bank holding companies with total assets of $50 billion or more.

“The purpose of this section and application of heighted regulatory scrutiny is to: ‘Mitigate risks to the financial stability of the United States that could arise from the material distress or failure, or ongoing activities, of large, interconnected financial institutions.’

“In practice, the application of these standards is a de facto designation that each of these institutions is ‘systemically important.’

“As we have seen with a large number of Dodd-Frank provisions, the rush to legislate in the wake of the financial crisis has led to unintended regulatory consequences.

“For example, in February, the Office of Financial Research published research on systemic importance using international metrics developed at the Basel Committee.

“This holistic approach to evaluating systemic importance demonstrates a vast divide in systemic risk profiles between U.S. G-SIBs and the U.S. regional banks.

“Unfortunately, Dodd-Frank’s arbitrary requirements do not take into consideration the systemic risk profiles of these bank holding companies.

“Several banking regulators have recognized the limitations in using an asset-only metric to measure systemic importance.

“In testimony before our full Committee, Federal Reserve Chair Janet Yellen highlighted the arbitrariness of an asset-only threshold.

“Federal Reserve Governor Daniel Tarullo has publicly supported raising the asset threshold.

“Comptroller of the Currency Thomas Curry has testified that there are currently non-systemically important banks being regulated as systemically important due to the current threshold.

“One might ask what the practical consequences are of misapplying these regulatory standards. This year, our Committee has held several hearings examining the regulatory burdens facing community financial institutions. These burdens cause bank consolidation, limited consumer choice for products, and increased cost of credit for consumers.

“The issue before us today is no different. Money spent to comply with unnecessary regulations can be better allocated to loans for small businesses and consumers. Another perverse outcome of the current Dodd-Frank construct is that it encourages some financial institutions to continue getting larger to achieve economies of scale.

“For example, one bank CEO, whose institution is just below the $50 billion threshold, publicly stated, ‘If you are going to go over $50 billion anyways, it’s better to be $70 billion than $52 billion,’ to achieve economies of scale. That certainly can’t be the intention of Dodd-Frank.

“As policymakers, we must always strive to be precise when improving legislative frameworks as to minimize unintended consequences.

“Before I conclude today, I want to applaud Rep. Luetkemeyer for bringing together a significant group of bipartisan House supporters who want to tackle this important issue.

“Additionally, Senate Banking Committee Chairman Richard Shelby has put forth a very credible plan. I am encouraged that bipartisan discussions are continuing in the Senate.”

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Neugebauer’s Pro-Life Language Added to Education Reform Bill, Passes House

2015/07/08

WASHINGTON – Today, the House of Representatives voted to include the language from Rep. Randy Neugebauer’s (TX-19) Protecting Life in Funding Education (PRO-LIFE) Act (H.R. 463) in H.R. 5, the Student Success Act. Neugebauer released the following statement after the House passed H.R. 5:

“Hardworking taxpayers shouldn’t be footing the bill for political groups and abortion advocates to operate in our nation’s public schools and advance their attack on the unborn. I’m pleased my colleagues in the House adopted the concepts of my Pro-Life Act and committed to protecting the rights of the unborn. This common sense measure would restrict funding to school districts that contract with third party ‘school-based health centers’ unless they certify they won’t perform abortions and won’t provide abortion referrals or materials to students. I look forward to working with my colleagues in Congress to move this forward.”

Neugebauer’s Pro-Life language is supported by:

The March for Life

The US Conference of Catholic Bishops

Concerned Women for America

Family Research Council

American Center for Law and Justice

Life Legal Defense Foundation

Bound4Life

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Randy's Roundup: The July Agenda

2015/07/07

The July Agenda I hope you had a great Fourth of July surrounded by family and friends. The month of July will be a busy one in the House of Representatives. We are expected to tackle some very important issues as we continue to move forward our policy agenda to make America stronger. Right now, our national debt is over $18 trillion and growing. This means a debt burden of roughly $57,000 per American citizen. We can do better. To get our spending under control, the House will continue the appropriations process—providing the funds for specific government programs—and consider H.R. 2822, the Fiscal Year 2016 Interior, Environment, and Related Agencies Appropriations Act. This is the 7th of 12 appropriations bills to be considered in the House. The House is also expected to consider the Fiscal Year 2016 Financial Services and General Government Appropriations Act later this month. Additionally, the House is expected to consider H.R. 427, the Regulations From the Executive in Need of Scrutiny (REINS) Act. This bill would require any executive branch rule or regulation with an economic impact of $100 million or more to be voted on in Congress before being enacted into law. This would bring some much-needed transparency, accountability and checks and balances to the Obama Administration’s regulatory agenda. The REINS Act would help get our economy growing again and expand opportunity for millions of Americans. These are just some of the conservative policies House Republicans are pursuing in July. You can read more about this month’s agenda here.The Greek Economic Crisis Last week, the economic crisis in Greece continued to unfold when the country failed to make a scheduled debt repayment to the International Monetary Fund (IMF). And just yesterday, in a referendum, the Greeks voted against the terms of a previous bailout from its international creditors that would have brought more stability and economic reforms to the country. The situation in Greece is a case study in government spending, waste and dysfunction. For far too long, the Greek government spent more money than it took in, borrowed, and grew the size and scope of the welfare state. Now the Greek people are faced with high unemployment, limits on withdrawing money from ATMs, and a real economic and political crisis. At a time when the United States continues to spend and borrow, we should see the consequences of failed government policy in Greece and get our spending under control. As Chairman of the Financial Institutions and Consumer Credit Subcommittee, I will continue to monitor the situation in Greece to better understand implications for the U.S. financial sector.A Personal Update Almost six years ago, I underwent surgery to remove my prostate after my annual PSA blood test revealed that I had an early stage of prostate cancer. Thankfully, the surgery was successful and, at that time, my doctors decided that no additional treatment was necessary. Since then, as standard procedure following any prostate cancer treatment, I have had regular blood tests to monitor my PSA. This year’s results indicated I might need follow-up treatment. Upon consultation with my doctor, I decided to receive radiation therapy in order to eradicate any remaining cancer cells. Please know, my doctors expect me to make a full and speedy recovery. Because of my initial early detection, because my initial pathology report was so good, because so much time has elapsed between diagnoses, and because I continued to carefully monitor my PSA after surgery, the doctors give me every assurance that I will have a positive outcome. As God’s timing would have it, at the same time, a new clinical trial was beginning at Johns Hopkins in Baltimore, MD. Up until now, prostate cancer has not been visible with any scans or methods until it is further advanced. Doctors at Johns Hopkins have, after 20 years of work, developed a tracer that is believed will be able to pinpoint the exact location of prostate cancer cells. This is a promising development and I was excited to participate in this testing and diagnostic tool as it moves toward the possibility of becoming standard protocol for all men. I believe its benefits could be far-reaching in the treatment of this cancer that impacts 1 in 7 American men. I have started my treatments and I can honestly say that I feel great! Thankfully, I can receive radiation therapy in the morning and get back to work in time for votes and committee work in Congress. Every day, millions of Americans bravely and quietly fight much more aggressive forms of cancers than mine. I have been blessed that I have experienced no side effects and my work in Congress has not been interrupted. I encourage you to learn from my experience and see your doctor regularly for annual physicals and checkups. Monitoring our health is one of the most important things we can do for ourselves, our families, and our friends. The habit has served me well and early detection is the key. I am grateful to the doctors who are treating me and for the amazing advances being made at Johns Hopkins and many other hospitals and research facilities in treating prostate and all other forms of cancer. 

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Contact Information

1424 Longworth HOB
Washington, DC 20515
Phone 202-225-4005
Fax 202-225-9615
randy.house.gov

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.


Serving With

Louie Gohmert

TEXAS' 1st DISTRICT

Ted Poe

TEXAS' 2nd DISTRICT

Sam Johnson

TEXAS' 3rd DISTRICT

John Ratcliffe

TEXAS' 4th DISTRICT

Jeb Hensarling

TEXAS' 5th DISTRICT

Joe Barton

TEXAS' 6th DISTRICT

John Culberson

TEXAS' 7th DISTRICT

Kevin Brady

TEXAS' 8th DISTRICT

Michael McCaul

TEXAS' 10th DISTRICT

Michael Conaway

TEXAS' 11th DISTRICT

Kay Granger

TEXAS' 12th DISTRICT

Mac Thornberry

TEXAS' 13th DISTRICT

Randy Weber

TEXAS' 14th DISTRICT

Bill Flores

TEXAS' 17th DISTRICT

Lamar Smith

TEXAS' 21st DISTRICT

Pete Olson

TEXAS' 22nd DISTRICT

Will Hurd

TEXAS' 23rd DISTRICT

Kenny Marchant

TEXAS' 24th DISTRICT

Roger Williams

TEXAS' 25th DISTRICT

Michael Burgess

TEXAS' 26th DISTRICT

Blake Farenthold

TEXAS' 27th DISTRICT

John Carter

TEXAS' 31st DISTRICT

Pete Sessions

TEXAS' 32nd DISTRICT

Brian Babin

TEXAS' 36th DISTRICT

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