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McHenry at Hearing on Bank Failures: We Need Competent Financial Supervisors. But Congress Can’t Legislate Competence.
March 29, 2023 - Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing entitled, “The Federal Regulators’ Response to Recent Bank Failures.” Committee Republicans are committed to getting the facts surrounding recent bank failures to assess federal regulators’ r...More

Committee Republicans Are Conducting a Comprehensive Review of Recent Bank Failures
March 28, 2023 - Ahead of tomorrow’s hearing to examine recent bank failures, Republicans on the House Financial Services Committee are working to hold regulators accountable for potential supervisory failures. Through a series of letters, Committee Republicans are conducting a comprehensive review of the events lea...More

Barr, Huizenga, Kim Demand Clarity on Federal Reserve Supervisory Activity Preceding Recent Bank Failures
March 24, 2023 - The Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), and Congresswoman Young Kim (CA-40) sent a letter to Vice Chair for Supervision of the Board of Governors of the...More

Barr, Huizenga Demand Information on Financial Stability Oversight Council Meeting Following Recent Bank Failures
March 24, 2023 - The Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), and the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), sent letters to Financial Stability Oversight Council (FSOC) Chair Janet Yellen and Chair of the Council of ...More

Committee Republicans Demand CA & NY State Regulators Provide Information on Supervisory Efforts Surrounding Recent Bank Failures
March 24, 2023 - Republicans on the House Financial Services Committee are demanding the California and New York state-level regulators that supervised Silicon Valley Bank and Signature Bank, respectively, prior to their failures provide information regarding their supervisory efforts, coordination with federal regu...More

Luetkemeyer Delivers Remarks at Hearing on China’s Role in Fueling the Fentanyl Crisis
March 23, 2023 - Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), is holding a hearing entitled, “Follow the Money: The CCP’s Business Model Fueling the Fentanyl Crisis.” Watch Chairman Luetke...More

McHenry, Hill Demand Details on Biden Administration’s Response to Recent Bank Failures
March 23, 2023 - The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Vice Chairman of the House Financial Services Committee, French Hill (AR-02), sent letters to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg and Treasury Secretary Janet Yellen. In the lette...More

WITNESS ADDED: McHenry, Waters Announce First Hearing on Silicon Valley Bank and Signature Bank Failures
March 21, 2023 - Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Member of the House Financial Services Committee, Maxine Waters (CA-43), announced a bipartisan hearing with federal financial regulators in response to the failures of Silicon Valley Bank (SVB) ...More

McHenry, Scott Demand Answers from Regulators on SVB and Signature Bank
March 20, 2023 - The Chairman of the House Financial Services Committee, Patrick McHenry (R-N.C.), and the Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, Tim Scott (R-S.C.), are formally demanding information from the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC...More

McHenry, Waters Announce First Hearing on Silicon Valley Bank and Signature Bank Failures
March 17, 2023 - Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Member of the House Financial Services Committee, Maxine Waters (CA-43), announced a bipartisan hearing with federal financial regulators in response to the failures of Silicon Valley Bank (SVB) a...More

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