Today, the House Financial Services Committee is holding a markup of various measures, including a slate of Congressional Review Act (CRA) resolutions to nullify a series of gross regulatory oversteps on the part of Biden’s banking regulators. The Committee will also consider measures to preserve and promote innovation in financial services and correct provisions in existing law that are being exploited for uses other than their intended purposes. Watch Chairman McHenry’s opening remarks here. R...
Today, the U.S. House of Representatives passed Representative Young Kim’s (CA-40) H.R. 6323, the Iran Counterterrorism Act of 2023. H.R. 6323, requires Iran to cease support for acts of international terrorism as a condition for the President to waive secondary sanctions imposed on the regime in Tehran. The bill also provides for a congressional review process for national security interest waivers of these sanctions if Iran continues its support for global terror. “Hamas’s terrorist strike las...
Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), reported 13 pieces of legislation out of Committee to the full House for consideration. Included among the measures is a slate of Congressional Review Act (CRA) resolutions to nullify a series of gross regulatory oversteps on the part of Biden’s regulators. The Committee also considered measures to preserve and promote innovation in financial services and correct provisions in existing law that are being expl...
Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Subcommittee Vice Chair Young Kim (CA-40), is holding a hearing entitled “Held for Ransom: How Ransomware Endangers Our Financial System.” Watch Vice Chair Kim’s opening remarks here. Read Vice Chair Kim’s opening remarks as prepared for delivery: “I would like to begin by thanking our witnesses for taking the time to be here today. I am delighted to sit right ...
