News List

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 Inflation Negatively Impacting the Nation (REIN IN) Inflation Act. This bill requires the… Read more »

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 Building Witness: The Honorable Jerome H. Powell, Chair, Board of Governors of the… Read more »

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 Patrick McHenry’s (NC-10) Data Privacy Act of 2023 to give consumers more control… Read more »

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 combatting the economic threat from China.   The following… Read more »

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 with the American people about the federal debt, projections about how long… Read more »

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 collected and used—without stifling innovation in the United States.   Watch… Read more »

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 Republicans have said for years, the CFPB’s unconstitutional funding structure improperly… Read more »

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 innovation in the United States. “Republicans are putting American consumers back in… Read more »

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 in managing international companies and driving investment to developing countries… Read more »

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following markup: Markup of H.R. 554; H.R. 555; H.R. 1166; H.R. 1076; H.R. 510; H.R. 839; H.R. 1156; H.R. 803; H.R. 1137; H.R. 540; H.R. 1109; H.R. 1165; H.R. 1164; H.R. 1161 Time: 10:00 AM ET   Date: Tuesday, February 28, 2023   Place: 2128 Rayburn… Read more »