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How Bitcoin Is Already Changing the World, with Rep. Patrick McHenry
Feb 13, 2020
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined Congressman Dan Crenshaw’s (TX-2) recently launched podcast to discuss the technology behind cryptocurrencies, like Bitcoin, and its potential to foster greater financial inclusion—and help you get to work ...
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McHenry: Sustaining our Economic Prosperity Hinges on the Federal Reserve Having Good Policy
Feb 11, 2020
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Today, the House Committee on Financial Services is holding its semi-annual hearing with the Chairman of the Board of Governors of the Federal Reserve System, Jerome Powell, on monetary policy and the state of the economy. Republican Members will highlight the regulatory rightsizing championed by Co...
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McHenry Responds to Indictment of Chinese Military Hackers in Equifax Breach
Feb 10, 2020
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Today, Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the indictment of four members of the Chinese military for their involvement in the 2017 Equifax data breach: “The 2017 Equifax breach jeopardized nearly 150 m...
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Democrats Created One of the Most Unaccountable and Unconstitutional Bureaucracies Ever
Feb 6, 2020
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Today, the House Committee on Financial Services is holding its semi-annual hearing with Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger. Republicans will discuss recent actions taken by the Bureau to improve transparency, clarify supervision and enforcement standards, and en...
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Republicans Promote Greater Financial Inclusion, Technological Innovation Through Bank-Nonbank Partnerships
Feb 5, 2020
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Today, the House Financial Services Committee is holding a hearing on the consumer benefits of partnerships between banks and nonbank lenders, including bank-fintech partnerships. When properly regulated, these partnerships can provide greater financial inclusion, spur technological innovation, and ...
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McHenry Statement on the Senate Vote Acquitting President Trump
Feb 5, 2020
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WASHINGTON - Today, Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, released the following statement on the Senate vote acquitting President Donald J. Trump on the two articles of impeachment passed by the House: "The 2016 election outcome was a shoc...
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McHenry on President Trump's State of the Union Address
Feb 4, 2020
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WASHINGTON - Tonight, Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, released the following statement on President Trump's State of the Union address: “Tonight, President Trump delivered a powerful message highlighting all that has been accomplished...
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McHenry: The Current Community Reinvestment Act is an Analog Approach to a Digital World
Jan 29, 2020
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Today, the House Financial Services Committee is holding a hearing with Comptroller of the Currency Joseph Otting on the recent joint proposal from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to modernize the Community Reinvestment Act (CR...
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McHenry: Clearview's Facial Recognition Tool Raises Serious Privacy and Public Safety Concerns
Jan 29, 2020
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Republican Leader of the House Financial Services Committee Patrick McHenry (NC-10) is seeking answers from Clearview AI, following concerning reports that the company has developed a facial recognition tool based on a collection of images of people’s faces scraped from the internet, including “empl...
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Democrats’ Credit Reporting Bill Will Only Hurt the Very Consumers We Are Trying to Help
Jan 29, 2020
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Today, Republican Leader of the House Financial Services Committee Patrick McHenry (NC-10) delivered remarks on the House floor in opposition to Democrats’ partisan legislation, H.R. 3621, appropriately renamed by Republicans as the “Cutting Consumers’ Credit Act.” This bill will weaken underwriting...
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