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Republican House Leaders and Financial Services Committee Members Argue CFPB Structure Violates Article II of U.S. Constitution
Dec 19, 2019
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House Minority Leader Kevin McCarthy (CA-23), Minority Whip Steve Scalise (LA-1), and a majority of the Republican members of the House Financial Services Committee, led by Ranking Member Patrick McHenry (NC-10) filed an amicus brief to assist the Supreme Court as it considers the constitutionality ...
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McHenry: The Body of Evidence is Weak and Woefully Insufficient for Impeachment
Dec 18, 2019
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Today, Republican leader of the House Financial Services Committee Patrick McHenry (NC-10) took to the House floor to speak in opposition to the Democrats’ partisan attempt to undo the 2016 election. The Financial Services Committee was one of six instructed by the Speaker to transfer records to the...
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Financial Services Committee Republican Priorities Secured in Funding Bill
Dec 17, 2019
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Today, the House of Representatives passed bipartisan legislation to reauthorize the Export-Import (Ex-Im) Bank, Terrorism Risk Insurance Act (TRIA), and extend the National Flood Insurance Program (NFIP), as part of Fiscal Year 2020 appropriations legislation. The Republican leader of the House Fin...
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McHenry Commends FDIC Proposed Rule to Encourage Financial Innovation
Dec 16, 2019
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Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Federal Deposit Insurance Corporation’s (FDIC) notice of proposed rulemaking regarding brokered deposits: “Our regulatory framework should be working to e...
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McHenry Applauds Proposal to Strengthen the Community Reinvestment Act Through Modernization
Dec 12, 2019
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WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation’s (FDIC) joint proposal to modernize the Community ...
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Barr’s Otto Warmbier Act Included in NDAA to Toughen Mandatory Sanctions on North Korea
Dec 11, 2019
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WASHINGTON – Today, the House of Representatives passed the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act as part of the National Defense Authorization Act for Fiscal Year 2020 (NDAA). The Otto Warmbier legislation imposes some of the toughest mandatory sanctions ever on North Kore...
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McHenry: Democrats Seem to be Focused on the Quantity of Bills Reported Out of the Committee, Not the Quality
Dec 10, 2019
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Today, the House Financial Services Committee is holding a markup of H.R. 1731, H.R. 2445, H.R. 4545, H.R. 5287, H.R. 5294, H.R. 5332, H.R. 5330, H.R. 5322, H.R. 5315, and resolutions to extend the Task Forces on Artificial Intelligence and Financial Technology. Ranking Member Patrick McHenry’s ope...
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Committee Republicans Work to Ensure Stability and Security of U.S. Financial System
Dec 5, 2019
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Today, the House Financial Services Committee held a hearing with Secretary of the Treasury Steven Mnuchin in his role as Chairman of the Financial Stability Oversight Council (FSOC) to discuss the Council’s work to identify and mitigate risks facing the U.S. financial system. At the hearing, Commit...
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McHenry Amendment Accepted to Improve Insider Trading Bill, Protect Good-Faith Traders
Dec 5, 2019
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WASHINGTON –Today, the House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act. As a result of an amendment offered by the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and accepted by the House, the bill received bipartisan support. While ...
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McHenry to Prudential Regulators: Regulatory Rightsizing Ensures our Economy, Small Businesses, & Consumers Remain Vibrant and Strong
Dec 4, 2019
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WASHINGTON –Today, the House Financial Services Committee is holding a hearing with prudential regulators, including Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, Randal Quarles; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; and Chair of...
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