Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined Kevin Cirilli on Bloomberg TV to discuss the urgent need for Congress to replenish Paycheck Protection Program funding—an essential lifeline for America’s small businesses—as well as President Trump’s guidance for reopening our economy.
… Read more »
By Daniel Roberts | April 14, 2020
Ten days after the launch of the Trump administration’s Paycheck Protection Program (PPP) to provide relief to small businesses slammed by coronavirus, 74% of the allotted funds have been earmarked.
As of Tuesday at 1pm EST, the Small Business Administration (SBA) says 1.1 million loan… Read more »
Republican Leader of the House Financial Services Committee Patrick McHenry (NC-10) joined Cheddar this morning to discuss his efforts to ensure gig workers benefit from coronavirus emergency relief, take part in our economic recovery, and—most importantly—keep their jobs.
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law last week, gig workers… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined After the Bell on Fox Business to discuss the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is currently being considered in the House. This legislation provides critical support to workers, families, and small businesses hardest hit by the coronavirus (COVID-19)… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined Bloomberg Markets: Balance of Power to discuss the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is expected to be considered in the House tomorrow. This legislation provides critical support to workers, families, and small businesses hardest hit by the coronavirus… Read more »
By Victoria Guida | March 17, 2020
Federal bank regulators today moved to make it easier for lenders to reduce their loss-absorbing capital as they aim to clear the path for banks to keep credit flowing amid economic stress from the coronavirus pandemic.
The move adjusts capital rules so the penalties banks face for incremental… 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 »
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 on time.
Listen to the full episode of Hold These Truths, with Ranking Member McHenry,… Read more »
Last year, the Financial Services Committee heard directly from the CEOs of America’s seven largest banks. When asked what kept these leaders up at night, a majority cited cyberattacks as the greatest risk they faced — not productivity growth, not political upheaval overseas, not an economic slowdown in China. Threats… Read more »
