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McHenry, Lummis Send Letter Seeking Clarity on Digital Asset Accounting Regulations
Mar 2, 2023
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House Financial Services Committee Chairman Patrick McHenry (R-NC-10) and U.S. Senator Cynthia Lummis (R-WY) sent a letter to the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the National Credit Union Administration following up on a l...
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House Passes REIN IN Inflation Act
Mar 1, 2023
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House Financial Services Committee Chairman Patrick McHenry (R-NC), Congresswoman Elise Stefanik (R-NY), House Ways and Means Chairman Jason Smith (R-MO), and House Committee on Oversight and Accountability Chairman James Comer (R-KY), today celebrated the House passage of the Reduce Exacerbated Inf...
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HEARING NOTICE: Full Committee Hearing with Fed Chair Powell; Oversight & Investigations Subcommittee Hearing on Biden Administration’s Wasteful Spending and Regulatory Overreach
Mar 1, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings: Full Committee Hearing Entitled: “The Federal Reserve’s Semi-Annual Monetary Policy Report” Time: 10:00 AM ET Date: Wednesday, March 8, 2023 Place: 2128 Rayburn House Office Buil...
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McHenry Delivers Opening Remarks at First Markup of the 118th Congress
Feb 28, 2023
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Today, the House Financial Services Committee is holding its first markup of the 118th Congress. The Committee will consider several proposals to combat the economic threat posed by the Chinese Communist Party, the bipartisan Bank Service Company Examination Coordination Act of 2023, and Chairman Pa...
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Financial Services Committee Advances Bipartisan Bills to Combat Economic Threat from China
Feb 28, 2023
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Today, the House Financial Services Committee advanced several bipartisan bills during its first markup of the 118th Congress to combat the generational threat posed by the Chinese Communist Party’s (CCP) economic aggression. This comes after the Committee held its first hearing of the Congress on c...
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McHenry Demands Transparency from Treasury on Debt Limit X-Date Projection
Feb 28, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to U.S. Treasury Secretary Janet Yellen demanding Treasury provide its current projection of the debt limit X-Date and details on the state of U.S. federal debt. Treasury must be fully transparent w...
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Financial Services Committee Advances McHenry’s Data Privacy Act
Feb 28, 2023
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Today, the Data Privacy Act of 2023, introduced by Chairman Patrick McHenry (NC-10), passed the House Financial Services Committee during its first markup of the 118th Congress. H.R. 1165 modernizes financial data privacy law and gives consumers more control over how their personal information is co...
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McHenry Statement on SCOTUS Agreeing to Hear Challenge to CFPB’s Funding Structure
Feb 27, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Supreme Court’s announcement that it will hear a challenge to the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) funding structure. “As Re...
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McHenry Introduces New Legislation to Modernize Financial Data Privacy Laws
Feb 24, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), introduced the Data Privacy Act of 2023. This legislation modernizes financial data privacy laws and gives consumers more control over how their personal information is collected and used—without stifling innovat...
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McHenry Statement on Nomination of Ajay Banga as Next World Bank President
Feb 23, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to President Biden’s nomination of Ajay Banga as the next President of the World Bank. “Ajay Banga is well qualified to lead the World Bank. His considerable experience ...
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