Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), applauded the inclusion of his bill, H.R. 2332, the Debt Bondage Repair Act, in this year’s National Defense Authorization Act (NDAA) for fiscal year 2022.The bill, which passed the House in June, will help trafficking victims regain their financial freedom and begin to rebuild their lives.
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Today, the House Financial Services Committee is holding a hearing with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen on their pandemic response. Instead of working with Republicans on bipartisan solutions to rebuild the greatest economy of our lifetimes experienced pre-pandemic, Democrats continue to push their far-left agenda that will make rising prices… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, Bill Huizenga (MI-02), sent a letter to Financial Services Committee Chairwoman Maxine Waters (CA-43) requesting she join Committee Republicans’ investigation of the Biden Administration’s… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statements regarding President Biden announcing his renomination of Jerome Powell to serve as Chair of the Federal Reserve Board of Governors:
“I’m glad to see President Biden recognize what I’ve said all along: Chair Powell earned and deserves another term leading the… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after voting against Democrats’ reckless tax and spending package:
“Today, House Democrats passed a reckless tax and spending bill that will drive up the cost of living for the American people and leave us further in debt,” said Republican Leader McHenry. “This… Read more »
Today, all Republicans on the House Financial Services Committee, led by Ranking Member Patrick McHenry (NC-10), sent a letter to the acting head of the Office of the Comptroller of the Currency (OCC), Michael Hsu. The letter requests the OCC provide clarity on its potential proposal of a climate change related supervision framework for financial institutions.
Read the full letter to… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), has introduced the Keep Innovation in America Act, alongside Congressman Tim Ryan (OH-13) and a bipartisan group of lawmakers. The legislation will fix the digital asset reporting provisions in the Infrastructure Investment and Jobs Act, now law (PL 117-58), and provide clarity to technology innovators… Read more »
Today, the House Financial Services Committee is holding a markup of several pieces of legislation, including three bipartisan bills. However, despite the fact inflation just hit a 30-year record and increasing prices are outpacing the rise in wages—nothing on today’s markup agenda will help American families struggling to make ends meet. Additionally, this week House Democrats are… Read more »
Today, Republicans on the House Financial Services Committee, led by Ranking Member Patrick McHenry (NC-10), released principles to guide Congress’ evaluation of potential proposals for a U.S. Central Bank Digital Currency (CBDC). The principles state that a potential Fed-issued digital currency must maintain the dollar as the world’s reserve currency and the preeminence of the U.S.… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced the Ransomware and Financial Stability Act. By deterring hackers and setting commonsense guardrails for financial institutions to respond to ransomware attacks, this legislation will protect the critical financial infrastructure that makes daily economic activity… Read more »
