In Case You Missed It

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 the next few months, I look forward to working with my colleagues on both sides of the aisle… Read more »

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. Read more »

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 Facebook’s plan for its cryptocurrency. The Republican from North… Read more »

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 years now, the program aimed at keeping people afloat after a flood has been on… Read more »

Bipartisan bill aims to spur private flood insurance and lower costs for lower-income homeowners   WASHINGTON—Lawmakers in the House advanced a bipartisan plan to overhaul the federal flood-insurance program, which has struggled to keep pace with record disaster payouts in recent years. The bill, approved unanimously Wednesday by the House Financial Services Committee, aims to… Read more »

GOP Leaders of Financial Services Panel Lay Out Top Priorities for This Year WASHINGTON, DC — The Ripon Society hosted a breakfast discussion Wednesday morning with the Ranking Member and subcommittee Ranking Members of the House Financial Services Committee, who discussed the legislative approach they are taking in the 116th Congress and some of the top legislative priorities they… Read more »

Representative Patrick McHenry (R-NC), ranking member of the Financial Services Committee, talked about issues related to his committee’s domain. Topics included Federal Reserve Chair Jerome Powell, President Trump’s difficulties with his recent with central bank nominees, the Consumer Financial Protection Bureau, and congressional news.  Read more »

The top Republican on the House Financial Services Committee on Friday pressed federal regulators for updates on their efforts to finalize rule rollbacks signed by President Trump in 2018.  Rep. Patrick McHenry (R-N.C.), asked the chiefs of five federal financial regulatory agencies for status updates on their implementation of a bipartisan law passed to loosen… Read more »

The House today advanced three financial services bills designed to protect both the elderly and young adults. — The Senior Security Act of 2019 H.R. 1876 (116) would create a task force at the SEC to place a priority on senior investors' concerns. — H. Res. 327 (116) seeks to encourage greater public-private sector collaboration to promote financial literacy for… Read more »

The top Republican on the House Financial Services Committee today accused Democrats of playing politics by using their investigative powers to subpoena nine big banks as part of probes into President Donald Trump and Russians' illicit use of the financial system. In a letter to Financial Services Chairwoman Maxine Waters (D-Calif.), Rep. Patrick McHenry (R-N.C.) said he was concerned… Read more »