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Maloney & McHenry Introduce Bipartisan Financial Transparency Act

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Washington – Congresswoman Carolyn B. Maloney (D-NY), Chair of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, Tuesday introduced The Financial Transparency Act. The legislation will make financial data more easily available and…

Top Republican Introduces New Bill to Combat Growing Cybersecurity Threat

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WASHINGTON – Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10) introduced new legislation to ensure the Federal Reserve is prioritizing cybersecurity and modernization to combat the growing threat of cyberattacks to our financial system. “This summer, more than a million people fell victim to the most recent high-profile theft of customer…

Republicans Push SEC for Additional Regulatory Right-Sizing, Modernization to Benefit Everyday Investors

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Today, the Committee held a hearing with all five of the U.S. Securities and Exchange Commission (SEC) commissioners under the Democrats’ false pretense that the Commission is not fulfilling its mission. While Committee Democrats pushed their partisan, anti-growth agenda and criticized the SEC’s work to right-size regulations that hampered our public markets, Republicans took the…

Republicans Continue to Fight for Commonsense Consumer & Investor Focused Legislation

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WASHINGTON – This week, the Committee held a markup to consider the following bills: H.R. 123, the “FHA Additional Credit Pilot Program Reauthorization Act” H.R. 132, the “North American Development Bank Improvement Act of 2019” H.R. 4029, the “Tribal Eligibility for Homeless Assistance Grants Act of 2019” H.R. 4067, the “Financial Inclusion in Banking Act of…

Ranking Member McHenry Applauds Move to Right-size Margin Requirement

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WASHINGTON – The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after regulators announced a proposal to amend burdensome inter-affiliate margin requirements: “Republicans have made commonsense regulatory reform a cornerstone of our efforts to spur economic growth and competition. There has been bipartisan agreement,…

Republicans Propose Innovative Solutions to Promote Clean Energy

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WASHINGTON – Today, the Subcommittee on National Security, International Development, and Monetary Policy held a hearing to examine the economic impacts of a changing climate. While proposed Democrat solutions, like the Green New Deal, would have devastating consequences for the American people and our economy, Republicans are advocating for innovative solutions that promote job creation…

McHenry: This is a Crisis, but it is a Crisis that Government Created

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WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), delivered the following remarks at a full committee hearing on the student loan crisis and the impact of Democrat’s nationalization of the student loan industry: Watch Ranking Member McHenry’s remarks here or by clicking on the image below. …

House Passes Five Bipartisan Financial Services Bills

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WASHINGTON – Today, the U.S. House of Representatives advanced five bipartisan Financial Services bills: H.R. 2852, the Homebuyer Assistance Act of 2019; H.R. 281, the Ensuring Diverse Leadership Act of 2019; H.R. 1690, the CO ALERTS Act of 2019; H.R. 241, the Bank Service Company Examination Coordination Act; and H.R. 3620, the Strategy and Investment in Rural Housing Preservation Act of…

McHenry Responds to Trump Administration’s Housing Finance Reform Plan

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WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Trump Administration’s proposed housing finance reform plan: “Americans deserve better than the status quo. The Trump Administration’s proposal is a positive first step on the multi-year path to building a housing finance system that…

Ranking Member McHenry Thanks Rep. Duffy for his Leadership, Friendship, and Public Service

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WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Ranking Member of the Subcommittee on Housing, Community Development, and Insurance, Sean Duffy (WI-7), announced his resignation from Congress next month to support his family as they await the arrival of their ninth child: “I remember meeting…

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