WASHINGTON – Today, the House Financial Services Committee held a hearing to receive testimony from the Chair of the National Credit Union Administration, Rodney Hood; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; Comptroller of the Currency, Joseph Otting; and Vice Chair of Supervision of the Board of Governors of the Federal Reserve System, Randal… Read more »
WASHINGTON – Today, the U.S. House of Representatives advanced four bipartisan Financial Services bills: H.R. 389, the Kleptocracy Asset Recovery Rewards Act; H.R. 1037, the Banking Transparency for Sanctioned Persons Act; H.R. 1060, the BUILD Act; and a short-term extension of the National Flood Insurance Program (NFIP), which was set to expire this month.
Republican leader of the… Read more »
WASHINGTON – This week, the House Financial Services Committee favorably reported five pieces of legislation out of committee, many with strong bipartisan collaboration and support.
Additionally, the Committee passed two resolutions to establish the Financial Technology (FinTech) and Artificial Intelligence (AI) Task Forces within the Financial Services Committee. The Republican leader… Read more »
WASHINGTON – Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Committee on Financial Services, announced that they have introduced legislation (H.R. 2578) to extend the National Flood Insurance Program’s (NFIP) authorization to September 30, 2019. The authorization is due… Read more »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), sent letters to several financial regulators on Friday requesting a status update on their agencies’ efforts to implement regulations that would “promote economic growth and competition in our marketplaces,” which directly benefits consumers.
Many of the regulations referenced by the… Read more »
WASHINGTON – Today, the House Financial Services Committee held a hearing to examine proposed Democrat legislation that would infuse $92.1 billion into government housing programs, with no reform or modernization of these depression-era plans.
Republican leader of the committee, Patrick McHenry (NC-10), began by applauding Democrat’s agreement with Republicans that addressing “barriers… Read more »
WASHINGTON, D.C. – Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Credit and Financial Institutions, delivered the following opening statement at a hearing on short-term, small-dollar lending:
Thank you Mr. Chairman.
Over the years, I’ve heard countless stories from my constituents who… Read more »
WASHINGTON – Today, the House Financial Services Committee received testimony from seven Global Significantly Important Bank (GSIB) CEOs, including: Citigroup, JP Morgan Chase & Co., Morgan Stanley, Bank of America, State Street Corporation, Bank of New York Mellon, and Goldman Sachs.
Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks stating his… Read more »
WASHINGTON - Today, the House Financial Services Committee held its annual hearing to receive testimony from the U.S. Department of Treasury Secretary, Steven Mnuchin, on the state of the International Financial System.
The Committee's Republican leader, Patrick McHenry (NC-10) delivered the following opening remarks:
"Welcome Secretary Mnuchin, welcome back to the… Read more »
Congressman Patrick McHenry (R, NC-10), the Republican Leader of the House Financial Services Committee, introduced H.R. 2007, the IRS Data Verification Modernization Act of 2019.
This bipartisan bill will require the Internal Revenue Service (IRS) to automate the Income Verification Express Services process by creating an Application Programming Interface (API). This will allow small… Read more »
