WASHINGTON – Today, the House Financial Services Committee is holding a hearing to learn more about Facebook’s recently announced digital currency proposal, Project Libra. Republican leader of the Committee, Patrick McHenry (NC-10), who called for this hearing last month, delivered opening remarks urging his colleagues to fight the knee-jerk reaction of Washington to stifle innovation and… Read more »
WASHINGTON – Today’s House Financial Services Committee hearing on Facebook’s digital currency proposal, Project Libra, provided an opportunity for Republican committee members to “go beyond the headlines” as Ranking Member Patrick McHenry (NC-10) called for in his opening remarks. Republicans pressed Facebook’s David Marcus on issues ranging from the association’s plan to comply with… Read more »
WASHINGTON – House Financial Services Committee Democrats brought several pieces of legislation before the full committee for a markup. In all, ten bills were considered, six of which addressed diversity and inclusion and housing, receiving bipartisan support.
However, the remaining four bills to amend the Fair Credit Reporting Act (FCRA), received solely Democrat, partisan backing.… Read more »
WASHINGTON – Today, the House Financial Services Committee held its semi-annual hearing with Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy.
Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks highlighting the positive economic trends as a result of Republican tax cuts and regulatory reform. To ensure continued… Read more »
WASHINGTON – Today, the U.S. House of Representatives advanced two Republican-led Financial Services bills: H.R. 2919, the “Improving Investment Research for Small and Emerging Issuers Act,” introduced by Congressman Bill Huizenga (MI-02), and H.R. 3050, the “Expanding Investment in Small Businesses Act of 2019,” introduced by Congressman Bryan Steil (WI-01).
Each bill requires the… Read more »
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Trump signed H.R. 3151, the Taxpayer First Act of 2019 into law. This legislation included provisions from H.R. 2007, the IRS Data Verification Modernization Act of 2019, introduced by Ranking Member McHenry and Congressman Earl… Read more »
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), called on Chairwoman Maxine Waters (CA-43) to hold a hearing on Facebook’s new global cryptocurrency project, “Project Libra.” In his letter, he highlights the potential for this new technology to foster “financial inclusion and faster payments,” but stated many questions remain, and… Read more »
WASHINGTON – Today, the House Financial Services Committee passed two pieces of bipartisan legislation to reauthorize the National Flood Insurance Program (NFIP) through September 30, 2024 and implement much-needed reforms to the outdated program.
Watch Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), deliver remarks in support of the bipartisan NFIP… Read more »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), delivered the following opening remarks today at a committee markup of: H.R. 2162, H.R. 2513, H.R. 2763, H.R. 3018, H.R. 3111, H.R. 3141, H.R. 3154, and the “National Flood Insurance Program Reauthorization Act of 2019.”
Ranking Member Patrick McHenry’s opening remarks as delivered:
“I… Read more »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the U.S. Securities and Exchange Commission’s (SEC) finalization of a package of rulemakings and interpretations on financial advice for retail investors including its Regulation Best Interest (Reg BI) rule:
“Protecting everyday investors who… Read more »
