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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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House Committee on Financial Services to Hold First Markup of the 118th Congress
Feb 23, 2023
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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:...
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McHenry, Scott, Huizenga Demand Information from Gensler on Disastrous Climate Disclosure Proposal
Feb 22, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (R-NC), the Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, Tim Scott (R-SC), and the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (R-MI), sent a letter to Sec...
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McHenry, Luetkemeyer Send Comment Letter Rebuking FinCEN’s Proposal Regarding Access to Beneficial Ownership Information
Feb 16, 2023
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House Financial Services Committee Chairman Patrick McHenry (NC-10) and National Security, Illicit Finance, and International Financial Institutions Subcommittee Chairman Blaine Luetkemeyer (MO-03) sent a comment letter to Treasury Secretary Janet Yellen and Financial Crimes Enforcement Network (Fin...
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McHenry Statement on CBO Debt Limit “X-Date” Projection
Feb 15, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Congressional Budget Office (CBO) released its projection of the so-called “X-Date,” or when the U.S. will exhaust extraordinary measures and become unable to meet its ob...
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