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 »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the confirmation of Mark Calabria to be Director of the Federal Housing Finance Agency (FHFA):
“Mark Calabria has a long history as a thoughtful leader in the housing finance reform conversation. This, coupled with his knowledge of our nation’s… Read more »
This week, the House Committee on Financial Services held a mark-up of five pieces of legislation:
H.R. 389, the "Kleptocracy Asset Recovery Rewards Act"
H.R. 1856, the "Ending Homelessness Act of 2019"
H.R. 1815, the "SEC Disclosure Effectiveness Testing Act"
H.R. 1595, the "Secure and Fair Enforcement Banking Act of 2019"
H.R. 1500, the "Consumers First… Read more »
In response to a speech given by Dr. Peter Navarro, Director of the Office of Trade and Manufacturing Policy, at the 2019 Annual Conference of the Export-Import Bank of the United States (EXIM), House Financial Services Committee Ranking Member Patrick McHenry (NC-10) released the following statement:
“As antagonistic regimes like China continue to prop up their domestic… Read more »
WASHINGTON – This week, Republican leaders of the House Financial Services Committee, Patrick McHenry (NC-10) and the Consumer Protection and Financial Institutions Subcommittee, Blaine Luetkemeyer (MO-03), sent a letter to Chairs Maxine Waters and Gregory Meeks requesting they delay consideration of H.R. 1595, “until the Committee has a better understanding of the full range of… Read more »
WASHINGTON – At today’s House Financial Services Committee hearing on reauthorization of the National Flood Insurance Program (NFIP), Republican committee members highlighted the need to modernize the 51 year old program that continues to accumulate debt.
In a January letter to Chairwoman Maxine Waters, Ranking Member McHenry listed NFIP reform as a top priority and urged the Chairwoman… Read more »
WASHINGTON – Today, the House Financial Services Committee held a hearing to receive testimony from Wells Fargo CEO, Tim Sloan. Republican members of the committee examined the Bank’s efforts to identify and remediate all impacted customers as well as change the culture that contributed to widespread misconduct, including the creation of an estimated 3.5 million unauthorized accounts, in… Read more »
WASHINGTON – Today, the House Financial Services Committee held its semi-annual hearing to receive testimony from the Consumer Financial Protection Bureau (CFPB) Director, Kathy Kraninger.
Republican leader of the Committee, Patrick McHenry (NC-10), began by highlighting the flawed organization of the Bureau under the Dodd-Frank Wall Street Reform and Consumer Protection Act, “creating… Read more »
