Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter requesting the Government Accountability Office (GAO) audit the Financial Crimes Enforcement Network’s (FinCEN) Beneficial Ownership Secure System (BOSS). The BOSS registry is intended to be a key national security tool designed to support the national security community, including law enforcement, to target bad actors abusing the United States financial system to engage in illicit activity. Ho...
Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr (KY-06), is holding a hearing entitled “Regulatory Recipe for Economic Uncertainty: The Endless Basel Endgame and an Onslaught of Hurried Rulemaking Undertaken by the Administration.” Watch Chairman Barr’s opening remarks here. Read Chairman Barr’s opening remarks as prepared for delivery: “Today’s hearing is on the Basel III Endgame proposal by the Federal Reserve, FDIC, and...
Ahead of a hearing with the full Securities and Exchange Commission (SEC), the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), Chairman of the Oversight and Investigations Subcommittee, Bill Huizenga (MI-04), Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02), and Chairman of the Financial Institutions and Monetary Policy Subcommittee, Andy Barr (KY-06), sent letters demanding regulators provide interagency communicat...
Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing to conduct oversight of the Securities and Exchange Commission with testimony from all five Commissioners. This is the first time since 2019 that all five Commissioners have testified together before the Committee, providing a unique opportunity to hear the diverse viewpoints of the full Commission. Republicans will highlight how Chair Gary Gensler’s SEC has become a rogue agency that rou...
