Today, Republican leaders of the House Financial Services Committee introduced eight bills in the ongoing effort to combat the economic and public health impact of coronavirus (COVID-19) through innovation and technology solutions. In response to President Trump’s call for a whole-of-government approach, Republicans are proposing these first steps to help businesses of all sizes,… Read more »
Representative Patrick McHenry, Ranking Member on the House Financial Services Committee, has proposed legislation to crowdfund a vaccine for the Coronavirus entitled “Crowdfunding to Combat the Coronavirus Act.” The bill creates a $1 billion prize for anyone that develops a vaccine for COVID-19 that is “affordable and widely available.” Any potential vaccine must be determined… Read more »
Representative Patrick McHenry distributed multiple legislative proposals today designed to mitigate the impact of the Coronavirus pandemic. While the inevitable outcome is unknown, what is clear is that the economy will take a hit – most likely impacting small businesses disproportionately.
McHenry, the Ranking Member on the House Financial Services Committee, has submitted a… Read more »
Today, the House Financial Services Committee held its second in a series of three hearings this month on Wells Fargo. The Committee heard from Elizabeth Duke and James Quigley, former members of the Wells Fargo Board during the 2016 sales practices scandal. The third Republican staff report issued last week found that both Duke and Quigley did not ensure the company was making progress… Read more »
Today, the House Financial Services Committee held a hearing with Wells Fargo CEO Charles Scharf. Last week, Committee Republicans issued the third Republican staff report on Wells Fargo’s sales practices scandal, which proves the Bank was not too big to manage—but was grossly mismanaged.
This is the first in a series of three hearings scheduled by Committee Democrats on Wells Fargo… Read more »
WASHINGTON – Today, House Financial Services Committee Republican leaders, led by Ranking Member Patrick McHenry (NC-10), sent a letter to the Chairman of the Financial Stability Oversight Council (FSOC), Secretary Steven Mnuchin. In the letter, Committee leaders requested FSOC convene a meeting to ensure they are prepared to address the potential threat of coronavirus to our financial… Read more »
Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the resignation of Wells Fargo Board Chair Elizabeth Duke and Board Member James Quigley:
“Fresh perspectives on the Board will help move Wells Fargo forward. The Republican report shows, time and time again, the Bank’s reliance on the status… Read more »
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), and Republican leader of the Subcommittee on Oversight and Investigations, Andy Barr (KY-6), issued the third Republican staff report on Wells Fargo’s sales practices scandal. The report found Wells Fargo’s uniquely flawed structure and gross mismanagement have stunted the… Read more »
Note: At 10:00 am ET TODAY the Subcommittee on National Security, International Development, and Monetary Policy will launch the Counter-Trafficking Initiative with a hearing entitled: The Traffickers’ Roadmap: How Bad Actors Exploit Financial Systems to Facilitate the Illicit Trade in People, Animals, Drugs, and Weapons.
Watch live and learn more about the hearing here.
Today,… Read more »
Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Chairwoman Maxine Waters (CA-43), urging her to hold a hearing on the potentially devastating impact of Democrats’ proposed Financial Transaction Tax (FTT) on Americans’ retirement savings.
WATCH: Ranking Member McHenry joins… Read more »
