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WSJ Opinion: Stablecoins Can Keep the Dollar the World’s Reserve Currency
Aug 10, 2023
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By Brian Brooks and Charles W. Calomiris Stablecoins, blockchain-based assets backed by bank deposits and Treasury securities, are at the heart of a dollar-based revolution happening throughout the developing world. Their price is supposed to stay steady, often at $1. Think of them as digital versio...
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McHenry, Luetkemeyer Statement on Biden Administration's Outbound Investment Executive Order
Aug 9, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, Blaine Luetkemeyer (MO-03), issued the following statement in response to the Biden Administra...
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McHenry Statement on PayPal Announcing Launch of Payment Stablecoin
Aug 7, 2023
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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after PayPal announced the launch of its payment stablecoin. This follows the House Financial Services Committee passing the bipartisan Clarity for Payment Stablecoins Act, which identifie...
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McHenry Delivers Opening Remarks at Markup of Stablecoin, ESG Legislation
Jul 27, 2023
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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a markup of legislation to establish a regulatory framework for payment stablecoins, protect self-custody for digital assets, overturn the CFPB’s disastrous small business lending data collection rule,...
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McHenry Statement on Biden Appointees’ Vote to Consider Raising Bank Capital Requirements
Jul 27, 2023
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding federal financial regulators’ actions to consider raising capital requirements and implementing “Basel III” standards on U.S. financial institutions. “While American famil...
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House Financial Services Committee Reports Digital Asset, ESG Legislation to Full House for Consideration
Jul 27, 2023
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Today, the House Financial Services Committee passed seven pieces of legislation out of Committee that establish a regulatory framework for payment stablecoins, protect self-custody for digital assets, overturn the CFPB’s disastrous small business lending data collection rule, and combat the influen...
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McHenry Delivers Opening Remarks at Historic Markup of Comprehensive Digital Asset Market Structure Legislation
Jul 26, 2023
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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a markup of legislation to provide clear rules of the road for the digital asset ecosystem and address national security concerns. The FIT for the 21st Century Act is a historic first step towards achi...
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Republicans Lead Fight for Consumer Protection in the Digital Asset Ecosystem
Jul 26, 2023
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Today, the House Financial Services Committee is considering the Financial Innovation and Technology (FIT) for the 21st Century Act to provide clarity for the digital asset ecosystem. This unprecedented effort, led by House Financial Services Committee Digital Assets, Financial Technology and Inclus...
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House Financial Services Committee Reports Digital Asset Market Structure, National Security Legislation to Full House for Consideration
Jul 26, 2023
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Today, the House Financial Services Committee passed six pieces of legislation out of Committee—many of which received bipartisan support—that provide robust consumer protections and legislative clarity for the digital asset ecosystem, as well as protect our national security. Included among this le...
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Committee Republicans Introduce Measures to Combat the Influence of ESG Initiatives in America’s Financial System
Jul 25, 2023
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Ahead of this week’s legislative markup, Republicans on the House Financial Services Committee introduced four comprehensive bills to address the threats environmental, social, and governance (ESG) initiatives pose to the American financial system. These measures represent the first step in Republic...
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