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McHenry Applauds Proposal to Strengthen the Community Reinvestment Act Through Modernization
Dec 12, 2019
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WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation’s (FDIC) joint proposal to modernize the Community ...
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Barr’s Otto Warmbier Act Included in NDAA to Toughen Mandatory Sanctions on North Korea
Dec 11, 2019
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WASHINGTON – Today, the House of Representatives passed the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act as part of the National Defense Authorization Act for Fiscal Year 2020 (NDAA). The Otto Warmbier legislation imposes some of the toughest mandatory sanctions ever on North Kore...
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McHenry: Democrats Seem to be Focused on the Quantity of Bills Reported Out of the Committee, Not the Quality
Dec 10, 2019
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Today, the House Financial Services Committee is holding a markup of H.R. 1731, H.R. 2445, H.R. 4545, H.R. 5287, H.R. 5294, H.R. 5332, H.R. 5330, H.R. 5322, H.R. 5315, and resolutions to extend the Task Forces on Artificial Intelligence and Financial Technology. Ranking Member Patrick McHenry’s ope...
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Committee Republicans Work to Ensure Stability and Security of U.S. Financial System
Dec 5, 2019
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Today, the House Financial Services Committee held a hearing with Secretary of the Treasury Steven Mnuchin in his role as Chairman of the Financial Stability Oversight Council (FSOC) to discuss the Council’s work to identify and mitigate risks facing the U.S. financial system. At the hearing, Commit...
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McHenry Amendment Accepted to Improve Insider Trading Bill, Protect Good-Faith Traders
Dec 5, 2019
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WASHINGTON –Today, the House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act. As a result of an amendment offered by the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and accepted by the House, the bill received bipartisan support. While ...
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McHenry to Prudential Regulators: Regulatory Rightsizing Ensures our Economy, Small Businesses, & Consumers Remain Vibrant and Strong
Dec 4, 2019
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WASHINGTON –Today, the House Financial Services Committee is holding a hearing with prudential regulators, including Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, Randal Quarles; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; and Chair of...
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Financial Services Republicans Call to Protect Americans’ Personal Information from Disclosure in Democrats’ Impeachment Probe
Nov 21, 2019
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Today, every Republican member of the House Financial Services Committee signed a letter to Chairwoman Maxine Waters (CA-43) expressing concern with the process by which documents, containing private American citizens’ personal financial information, may be transmitted to the House Judiciary Committ...
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Top Republican asks Mnuchin to probe Warren’s proposal to tax stock trades
Nov 20, 2019
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A top Republican is seeking additional answers on the potential impact of a financial transaction tax on the markets and U.S. economy. In a letter obtained by FOX Business, Ranking Member of the House Financial Services Committee Patrick McHenry asked Treasury Secretary Steven Mnuchin to analyze the...
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Top Republican Urges Treasury to Examine Negative Consequences of Democrat Tax Proposals
Nov 20, 2019
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Treasury Secretary Steven Mnuchin urging him to conduct an in-depth analysis of the impact of a financial transaction tax (FTT) on the U.S. economy. As several Democrats have proposed and s...
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McHenry: Private Equity Creates Investment Opportunities that Lead to Jobs
Nov 19, 2019
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Today, the House Financial Services Committee is holding a hearing on the role of private equity in U.S. capital markets and their impact on the American economy. Committee Democrats attached several pieces of legislation to the hearing for consideration including the House companion to Senator Eliz...
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