Skip to Content

Republican Priorities Included in Financial Services Committee Views & Estimates Document

| Posted in Press Releases

WASHINGTON – Today, the House Financial Services Committee held a markup to consider and approve the views and estimates for matters within the committee’s jurisdiction for fiscal year 2020. Republican committee members offered 7 amendments to the Democrats’ proposed views, including multiple amendments which garnered bipartisan support to address youth homelessness, bolster…

Republicans Press Powell on Balance Sheet & Economic Outlook

| Posted in Press Releases

WASHINGTON – Today, Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee at the semiannual hearing entitled: Monetary Policy and the State of the Economy. Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), began by highlighting the economy’s “remarkable growth” over the last two and a half years, and…

Financial Services Republican Leader Examines Lack of Innovation, Competition in Credit Reporting System

| Posted in Press Releases

WASHINGTON – Today, CEO’s of the three major Credit Reporting Agencies, Equifax, TransUnion, and Experian North America, testified before the House Financial Services Committee at a hearing entitled: Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System. Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), pressed the…

Republicans Push for Comprehensive Approach to Addressing Homelessness

| Posted in Press Releases

WASHINGTON – Today, the House Financial Services Committee held its first full committee hearing of the 116th Congress entitled Homeless in America: Examining the Crisis and Solutions to End Homelessness. Ranking Member Patrick McHenry (NC-10) delivered an opening statement highlighting the far-reaching issue of homelessness and the importance of evaluating our government programs to…

Financial Institutions Subcommittee Examines Proposed Cannabis Banking Legislation

| Posted in Press Releases

WASHINGTON – Today, the Subcommittee on Consumer Protection and Financial Institutions held its first hearing of the 116th Congress entitled Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses to consider the Secure and Fair Enforcement (SAFE) Banking Act of 2019. The Ranking Member of the Subcommittee, Blaine Luetkemeyer (MO-03) delivered opening remarks…

McHenry Applauds Nomination of Malpass for World Bank President

| Posted in Press Releases

WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, issued the following statement in support of the nomination of Treasury Under Secretary David Malpass to be the next President of the World Bank: “I applaud the Trump Administration for proposing Treasury Under Secretary David Malpass as the next President of the World Bank. In…

House Financial Services Ranking Member on CFPB Proposed Rulemaking on Payday Lending

| Posted in Press Releases

WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, issued the following statement after the Consumer Financial Protection Bureau (CFPB) announced two Notices of Proposed Rulemaking (NPRMs) that update the Bureau's stance on payday loans: “I am encouraged to see Director Kraninger relying on facts and robust data, rather than…

McHenry Statement on President Trump’s State of the Union Address

| Posted in Press Releases

WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, issued the following statement in response to President Donald Trump’s State of the Union address: “Tonight, Congress, and the American people, had the opportunity to hear directly from our Commander in Chief on his vision for our nation as we continue to build on the gains…

McHenry Statement on Senate Banking Housing Finance Reform Outline

| Posted in Press Releases

WASHINGTON – Today, Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, issued the following statement in response to Senate Banking Committee Chairman Mike Crapo’s (R-ID) recently released outline for housing finance reform legislation: “It is critical we explore all paths toward responsibly ending the government sponsorship of Fannie Mae…

McHenry Examines Chinese Attempt to Use Complex Financing Scheme to Obtain Restricted Satellite Technology

| Posted in Press Releases

WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent a letter requesting information from Boeing Co. to shed light on a potential attempt by the Chinese government to skirt U.S. laws to obtain restricted satellite technology. In the letter, Ranking Member McHenry detailed the intended 2016 sale of a Boeing satellite to Los…