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House bill would reform credit reporting agencies
Jul 23, 2019
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Legislation introduced in the U.S. House of Representatives last week seeks to reform the supervision of credit reporting agencies. The bill, introduced by Rep. Patrick McHenry (R-NC), is designed to ensure that credit files are accurate and transparent and personally identifiable information is pro...
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GOP lawmaker: Innovation should not go to Washington ‘to die’
Jul 17, 2019
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Amid bipartisan backlash against Libra, Facebook’s new cryptocurrency project, some House Republicans are urging Congress to keep an open mind about emerging technologies. The top Republican on the House Financial Services committee warned his colleagues not to make Facebook a “political talking poi...
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Congressman McHenry Looks to Support Responsible Innovation During Libra Hearing
Jul 17, 2019
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Congressman Patrick McHenry, Ranking Member on the House Financial Services Committee, told his fellow members at the Libra hearing today to “go beyond the headlines” when probing Facebook’s project to create a global payment ecosystem. The hours-long hearing saw David Marcus, head of Libra, hammere...
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Rep. McHenry: Hearing Is 90% Facebook, 10% Digital Currency
Jul 17, 2019
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Rep. Patrick McHenry (R-North Carolina) discusses hearings with Facebook and thoughts on their digital currency. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas."
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Rep. Patrick McHenry: 'There's no capacity to kill Bitcoin'
Jul 17, 2019
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Rep. Patrick McHenry (R-N.C.), ranking member of the Financial Services Committee, joins "Squawk Box" to discuss the tech hearing on Capitol Hill. Rep. Patrick McHenry: 'There's no capacity to kill Bitcoin' from CNBC.
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Rep. Patrick McHenry on Fed Independence
Jul 10, 2019
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Fed Chair Jay Powell is set to testify later Wednesday morning in front of the House Financial Services Committee as well as the Senate Banking Committee on Thursday. Rep. Patrick McHenry (R-N.C.), who is the ranking member of the Financial Services Committee, joins "Squawk Box" to discuss what he ...
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Hill leads new bipartisan AI task force on mission to foster innovation in financial sector
Jun 28, 2019
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The simulation of human intelligence processes by computer systems is not without both benefits and challenges, said U.S. Rep. French Hill (R-AR), ranking member of the U.S. House Financial Services Committee Task Force on Artificial Intelligence (AI), during its first meeting on Wednesday. “Over th...
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Rep. Patrick McHenry on his concern over Facebook's new cryptocurrency
Jun 26, 2019
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The House Financial Services Committee invited Facebook to testify at a July hearing about its cryptocurrency plans. Ranking Republican on the committee Congressman Patrick McHenry (R-N.C.) joins "Squawk Box" to discuss.
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Rep. McHenry calls for a hearing on Facebook’s cryptocurrency: ‘We should be better informed’
Jun 21, 2019
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Rep. Patrick McHenry wants to know about Facebook’s plans for its cryptocurrency. “There are so many open questions here, and I think we should actually be better informed,” he says. Facebook announces on Tuesday it will launch its cryptocurrency in 2020. Rep. Patrick McHenry has questions about Fa...
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U.S. House Lawmakers Work on 5 Yr. Extension of National Flood Insurance Program
Jun 14, 2019
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WASHINGTON, D.C. -- Lawmakers on Capitol Hill are working on a five-year extension to the National Flood Insurance Program (NFIP). Earlier this week, a compromise plan advanced out of a House committee with unanimous, biptartisan support - the first step on Capitol Hill for the legislation. For year...
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