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McHenry, Thompson Statement on U.S. District Court Ruling in SEC v. Ripple

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Chairman of the House Agriculture Committee, Glenn “GT” Thompson (PA-15), issued the following statement regarding the U.S. District Court of the Southern District of New York’s ruling in SEC v. Ripple Labs Inc. et al. and the need for legislative clarity in the digital asset…

WSJ Editorial Board: Cracking the Proxy Advisory Duopoly

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By The Editorial Board Corporations these days face an onslaught of environmental, social, and governance (ESG) proxy resolutions from progressive investors. But the real driving force behind this campaign is the proxy advisory duopoly, Glass Lewis and Institutional Shareholder Services (ISS). On Thursday the House Financial…

Wagner Delivers Remarks at Hearing on Reforming the Proxy Process to Safeguard Investor Interests

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Today, the House Financial Services Subcommittee on Capital Markets, led by Chairman Ann Wagner (MO-02), is holding a hearing entitled "Reforming the Proxy Process to Safeguard Investor Interests."   Watch Chairman Wagner’s opening remarks here.   Read Chairman Wagner’s opening remarks as prepared for delivery:   “Thank you for…

McHenry: It’s Time to Get Politics out of Corporate Boardrooms

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing to examine environmental, social, and governance (ESG) policy in financial regulation. Republicans are fighting to protect everyday investors with proposals to reform the proxy voting system, promote accountability in the proxy advisory system, and address the Biden…

McHenry, Barr, Huizenga, Scott Lead Bicameral Amicus Brief Challenging CFPB’s Funding Structure

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Chairman Patrick McHenry (R-N.C.-10) of the House Financial Services Committee; Representative Andy Barr (R-Ky.-06), the Chairman of the Subcommittee on Financial Institutions and Monetary Policy;  Representative Bill Huizenga (R-Mich.-04), the Chairman of the Subcommittee on Oversight and Investigations; and Ranking Member Tim Scott (R-S.C.) of the Senate Committee on Banking,…

HEARING NOTICE: Subcommittee on National Security, Illicit Finance, and International Financial Institutions

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing Entitled: “Potential Consequences of FinCEN’s Beneficial Ownership Rulemaking”   Time: 2:00 PM ET Date: Tuesday, July 18, 2023 Place: 2128 Rayburn…

HEARING NOTICE: Subcommittees on Capital Markets and Financial Institutions & Monetary Policy

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:    Capital Markets Subcommittee Hearing Entitled: “Oversight of the SEC’s Division of Corporation Finance” Time: 10:00 AM ET Date: Tuesday, July 18, 2023 Place: 2128 Rayburn House Office Building  Additional information regarding the…

House Passes Slate of Bipartisan Financial Services Legislation

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Today, the U.S. House of Representatives passed three pieces of bipartisan financial services legislation to facilitate capital formation and mint a commemorative coin in honor of the 250th anniversary of the United States Marine Corps.   The financial services bills passed by the House include:   H.R. 2622, a bill to amend the Investment Advisers Act of 1940 to…

HEARING NOTICE: How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Housing and Insurance Subcommittee Hearing Entitled: “How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing” Time: 9:00 AM ET Date: Friday, July 14, 2023 Place: 2128 Rayburn House Office Building Additional information regarding…