A Look Back at Hensarlings Financial Positions

first_imgA Look Back at Hensarling’s Financial Positions in Daily Dose, Featured, Government Hensarling HOUSING mortgage 2017-10-31 Nicole Casperson U.S. Rep. Jeb Hensarling (R-Texas), who currently chairs the Financial Services Committee, announced Tuesday that he will not seek re-election in 2018.”Today I am announcing that I will not seek re-election to the US Congress in 2018. Although service in Congress remains the greatest privilege of my life, I never intended to make it a lifetime commitment, and I have already stayed far longer than I had originally planned,” Hensarling wrote in a statement on Tuesday, according to the Dallas Morning News.Despite his retirement announcement, Hensarling expressed how more work remains at the House Financial Services Committee in the areas of housing finance reform, regulatory relief, cybersecurity, and capital formation. “Furthermore, important work remains in the Congress as a whole—especially pro-growth tax reform. I look forward to continuing this work on behalf of the people of the 5th District of Texas and all Americans,” Hensarling wrote.Looking back at Hensarling’s financial positions, what could this announcement mean for the housing industry?Hensarling has long advocated replacing Dodd-Frank, the reform package designed to limit the high-risk practices that triggered the financial crisis, and has often been at odds with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray.MReport has been following Hensarling vs. Cordray throughout the year, reporting Hensarling’s displeasure towards the bureau.Additionally, Hensarling once called it, “the most powerful and least accountable Washington bureaucracy in history.”To defend himself and the bureau, Cordray responded at the time, “Years of uneven federal oversight on behalf of consumers allowed a lot of bad behavior to go unchecked. As the independent consumer watchdog, we are solely focused on the job Congress gave us of assuring that these markets are fair, transparent, and competitive and consumers have access to sound financial products and services.”However, on June 8, 2017, the House of Representatives passed the Financial CHOICE Act, originally introduced by Hensarling, as it significantly amending the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, MReport reported.In mid-April, Republicans introduced the bill, arguing that Dodd-Frank and the subsequent regulation that ensued harms economic growth and ultimately, the American consumer. According to the proposal, Dodd-Frank’s particular brand of regulatory complexity and government micromanagement made basic financial services less accessible to small businesses and lower-income Americans.Hensarling has continuously fought for what he is passionate about during his time in office and although his time is coming to a close, he assures the public that he will continue to press for what he believes is best for the financial services of the American people.”Although I will not be running for re-election, there are 14 months left in my congressional term to continue the fight for individual liberty, free enterprise, and limited constitutional government—the causes for which I remain passionate,” Hensarling wrote.The industry will have to wait and see how the rest of Hensarling’s term pans out to determine the type of impact the end of his tenure will truly have.Hensarling has represented Congressional District 5 in the Dallas area since he was elected in November 2002.Rep. Pete Sessions (R-Texas) said in a statement that throughout his time in Congress, Hensarling has always been a conservative, principled leader, Dallas Morning News reported. “I want to thank him for his service to our country, the Texas delegation, and to our conference as Financial Services Chairman,” Sessions said. “I am proud to call Jeb not only my colleague but my dear friend.”center_img October 31, 2017 545 Views Sharelast_img read more

Ulagalla – Restored MansionGo back to the enewsle

first_imgUlagalla – Restored MansionGo back to the e-newsletter >Sri Lanka is widely recognised as a key destination for Australian travellers and a partnership between Emirates and Qantas has now improved connectivity offering even greater incentive to experience the destination. In response, premium resort hotelier Uga Escapes has been early into the action, signing a representation agreement with Enticing Asia, a leading Australian hospitality marketing agency, and opening up its own sales office in Melbourne.Uga aims to deliver “a uniquely Sri Lankan experience that guests will remember with pleasure all their lives.” Its properties, located within easy reach of the island’s finest beaches, nature reserves and cultural sites, all share key elements of the Uga style: informality, non-ostentatious luxury, closeness to nature, environmentally-friendliness and unbeatable service.Great properties Ulagalla, the company’s flagship, was once the country estate of a great Sri Lankan family. A 150-year-old manor house is the centrepiece. Accommodation is provided in 20 private villas on the 24-hectare grounds. The location is ideal for visits to the monuments of Anuradhapura and the Cultural Triangle.Uga BayUga Bay is an elegant 46-room resort hotel beside the legendary Bay of Passekudah. Architecturally stunning, it is one of the best-rated beach hotels in Sri Lanka by guests and industry experts alike.Jungle Beach, on a forested peninsula dividing the Indian Ocean from a lagoon teeming with tropical birds and wildlife, is Uga’s gateway to Sri Lanka’s east coast. Half an hour away is Trincomalee with its picturesque natural harbour, a paradise for nature lovers, whale-watchers and history buffs.Chena HutsChena Huts, the newest Uga resort, lies adjacent to the jungles of Yala, Sri Lanka’s oldest and second-largest natural reserve, overlooking a beach where sea turtles come to lay eggs by moonlight. Its luxurious detached, private pavilions are designed to harmonise with the forest environment.Residence by Uga EscapesThe Residence, once a magnificent old Colombo townhouse, is now an exclusive 11-suite boutique hotel with an ambience that recalls its own rich history. Fitted out in opulent style, filled with every amenity and indulgence, the Residence is the ideal pied-à-terre for demanding visitors to Colombo.Eco-friendlyOrganic Garden at UlagallaKeen to preserve the natural beauty that is Sri Lanka’s most important asset, Uga follows a policy of minimal ecological impact – vital because so many of its properties are in biodiversity hotspots.Ulagalla, with its solar farm, organic vegetable farm, reverse-osmosis water recycling and biogas reserve power plant, was one of the first boutique hotels in Sri Lanka to receive a LEED certificate from the US Green Building Council. Similar measures are in place at other properties.Uga has led the Sri Lankan industry in sustainability, and is also proud of supporting local communities with trade and job opportunities.A growing presenceWith continued expansion across the country, Uga hopes to make it possible for a visitor to explore all of Sri Lanka without ceasing to enjoy its hospitality. With sights currently set on the central hill country and the south coast, the company says it also wants to expand abroad, into the South Asia region.Sri Lanka is still recovering after a long internal war and there is much rebuilding to do. Uga is working hard to tackle industry-wide issues of marketing, infrastructure and human resources. Though further development is essential, it remains confident of the future of Sri Lanka as a destination, and is steadily moving towards its goal of becoming a major player in the industry.Uga is a premium resort hotelier in Sri Lanka, owned by Finco Holdings, a large private Sri Lankan business group founded in 1963.Go back to the e-newsletter >last_img read more