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Financial Services Republicans Bash Gensler Over Failure to Assess Cumulative Impact of Rulemakings, Consider Stakeholder Feedback

Ahead of today’s hearing, all Republicans on the House Financial Services Committee—led by Chairman Patrick McHenry (NC-10)—sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler slamming the agency for its persistent failure to conduct thorough economic analysis or consider stakeholder feedback regarding its regulatory agenda. Committee Republicans are demanding the SEC halt the finalization or implementation of interrelated rulemakings until their cumulative impacts are ...

McHenry to SEC Chair Gensler: While Your Time in This Role May be Temporary, the Repercussions of Your Actions May be Permanent for the Agency

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 (SEC) with testimony from Chairman Gary Gensler. Republicans will hold Chair Gensler accountable for his reckless approach to rulemaking, lack of a capital formation agenda, crusade against the digital asset ecosystem, and unresponsiveness to Congressional oversight. Prior to today’s hearing, all Committee Republicans sent a ...

HEARING NOTICE: Oversight of the Securities and Exchange Commission

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Full Committee Hearing Entitled: “Oversight of the Securities and Exchange Commission” Time: 10:00 AM ET Date: Wednesday, September 27, 2023 Place: 2128 Rayburn House Office Building Additional information regarding the hearing—including the livestream, committee memo, and witness list—can be found here and will be updated as the hearing date approaches. ###

McHenry at Markup of National Security, Privacy, & Anti-CBDC Legislation: Today, the House Financial Services Committee is Walking the Walk

Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a markup of measures to strengthen American national security, protect Americans’ financial privacy, and prohibit the issuance of a central bank digital currency (CBDC). Watch Chairman McHenry’s opening remarks here. Read Chairman McHenry’s opening remarks as prepared for delivery: “Today, we will consider a slate of legislation to bolster our national security, protect Americans’ financial privacy...