Today, Patrick McHenry (NC-10), Chairman of the House Financial Services Committee, and Glenn "GT" Thompson (PA-15), Chairman of the House Committee on Agriculture, released a discussion draft of legislation providing a statutory framework for digital asset regulation intended to provide clarity, fill regulatory gaps, and foster innovation, while providing adequate consumer protections. “This discussion draft is the first step toward delivering on Republicans’ commitment to develop clear rules o...
This week, the U.S. House of Representatives passed four pieces of bipartisan financial services legislation to facilitate capital formation by strengthening public markets, helping small businesses and entrepreneurs, and creating opportunities for all investors. The financial services bills passed by the House include: H.R. 2792, the Small Entity Update Act, sponsored by Chairman Ann Wagner (MO-02), would direct the SEC to assess regulatory costs of compliance for small and growing businesses, ...
Today, House Republicans—under the leadership of Speaker Kevin McCarthy—will vote on a bipartisan agreement to get America’s fiscal house in order, while raising the debt limit. For the first time in a debt ceiling negotiation, House Republicans secured historic spending cuts, the largest funding rescissions in history, and pro-growth regulatory reforms. Here’s what notable conservative leaders and editorial boards are saying about the Republican wins in the agreement: Newt Gingrich, former Spea...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: National Security, Illicit finance, and International Financial Institutions Subcommittee Hearing Entitled: “Dollar Dominance: Preserving the U.S. Dollar’s Status as the Global Reserve Currency” Time: 10:00 AM ET Date: Wednesday, June 7, 2023 Place: 2128 Rayburn House Office Building Additional information regarding the hearing—including the livestream, committee memo, relevan...
