Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr (KY-06), is holding a hearing entitled “Politicized Financial Regulation and its Impact on Consumer Credit and Community Development.” Watch Chairman Barr’s opening remarks here. Read Chairman Barr’s opening remarks as prepared for delivery: “Today’s hearing will explore recent actions taken by federal regulators that will limit financial options and restrict access to financ...
In advance of today’s hearing with Federal Reserve Chair Jerome Powell, Chairman Patrick McHenry (NC-10) and Financial Institutions and Monetary Policy Subcommittee Chairman Andy Barr (KY-06), led all Republicans on the House Financial Services Committee in a letter to Fed Chair Powell, Acting Comptroller of the Currency Michael Hsu, and Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg. Republicans are demanding that the regulators withdraw their fatally flawed Basel III Endga...
Today, the House Financial Services Committee is holding its semi-annual hearing with Federal Reserve Chairman Jerome Powell. Lawmakers will question Chair Powell on banking regulators’ Basel III Endgame proposal, the ongoing fight to tackle inflation, and the Fed’s commitment to its independence. Ahead of today’s hearing, all Republicans on the House Financial Services Committee—led by Chairman Patrick McHenry (NC-10) and Subcommittee Chairman Andy Barr (KY-06)—sent a letter to Biden’s banking ...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Securities and Exchange Commission (SEC) issued its final rule to require climate-related risk disclosures. “The Securities and Exchange Commission is not a climate regulator,” said Chairman McHenry. “No matter how badly Chair Gensler wants to inflate his job description, that fact is undeniable. Republicans have consistently warned Biden’s regulators to stick to their...
