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House Passes CBDC Anti-Surveillance State Act
May 23, 2024 - Today, the U.S. House of Representatives passed H.R. 5403, the CBDC Anti-Surveillance State Act, sponsored by Majority Whip Tom Emmer (MN-06). H.R. 5403 halts unelected bureaucrats from issuing a central bank digital currency (CBDC)—which would threaten Americans’ right to financial privacy—without ...More

McHenry Demands Gruenberg Testify at Hearing on FDIC Toxic Workplace Culture
May 23, 2024 - Today, House Financial Services Committee Chairman Patrick McHenry (NC-10), sent letters to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg, as well as Acting Comptroller of the Currency Michael Hsu and FDIC Director Johnathan McKernan in their capacity as Co-Chairs of the Speci...More

McHenry, Hill, Huizenga Probe SEC for More Information on Prometheum’s Plans to Custody ETH
May 22, 2024 - Today, House Financial Services Committee Chairman Patrick McHenry (NC-10), Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02), and Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04) sent a letter to Securities and Exchange Commission (...More

McHenry on the House Floor: FIT21 Will Cement the United States’ Global Leadership in Technological Innovation, Invention, and Adoption
May 22, 2024 - Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), led Republicans on the House floor as lawmakers debated H.R. 4763, the Financial Innovation and Technology (FIT) for the 21st Century Act. FIT21 provides the robust, time-tested consumer protections and regulator...More

House Passes Financial Innovation and Technology for the 21st Century Act with Overwhelming Bipartisan Support
May 22, 2024 - Today, the U.S. House of Representatives passed H.R. 4763, the “Financial Innovation and Technology for the 21st Century Act,” in a watershed moment for the U.S. digital asset ecosystem. FIT21 provides the robust, time-tested consumer protections and regulatory certainty necessary to allow digital a...More

Rep. Hill Testifies Before Rules Committee in Support of the Financial Innovation and Technology for the 21st Century Act
May 21, 2024 - Today, Congressman French Hill, the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, appeared before the House Committee on Rules to speak in support of H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21) and H.R. 5403, the CBDC Anti...More

House Passes Bills Honoring America’s Working Dogs, Congressional Gold Medal Recipient on the House Floor
May 21, 2024 - Today, the U.S. House of Representatives passed H.R. 807, the “Working Dog Commemorative Coin Act,” and H.R 1097, the “Everett Alvarez, Jr. Congressional Gold Medal Act of 2023.” H.R. 807 honors the working dogs who protect Americans at home and abroad and the extraordinary people that benefit from ...More

McHenry on Gruenberg’s Intent to Resign: This Announcement is Too Little, Too Late
May 20, 2024 - Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after disgraced Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg announced his intent to resign once a successor is confirmed. “Chair Gruenberg is once again putt...More

McHenry Leads Bipartisan, Bicameral Letter to Regulators Urging Timely Implementation of the Financial Data Transparency Act
May 16, 2024 - The Chairman of the House Financial Services Committee, Patrick McHenry (R-NC), Ranking Member Maxine Waters (D-CA), U.S. Senator Mike Crapo (R-ID), and U.S. Senator Mark Warner (D-VA) sent a letter to federal financial regulators urging them to implement their respective obligations under the Finan...More

McHenry Statement Regarding SCOTUS Ruling on CFPB Funding Structure
May 16, 2024 - Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Supreme Court of the United States (SCOTUS) released its decision in Consumer Financial Protection Bureau et al. v. Community Financial Services Association of America, Lt...More

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