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HEARING NOTICE: How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Housing and Insurance Subcommittee Hearing Entitled: “How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing” Time: 9:00 AM ET Date: Friday, July 14, 2023 Place: 2128 Rayburn House Office Building Additional information regarding…

HEARING NOTICE: Subcommittees on Capital Markets and Oversight & Investigations

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:   Capital Markets Subcommittee Hearing Entitled: “Reforming the Proxy Process to Safeguard Investor Interests”   Time: 10:00 AM ET Date: Thursday, July 13, 2023 Place: 2128 Rayburn House Office Building  Additional information regarding…

HEARING NOTICE: Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   Full Committee Hearing Entitled: “Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation”   Time: 10:00 AM ET Date: Wednesday, July 12, 2023 Place: 2128 Rayburn House Office Building   Additional…

Top House Republicans Blast Gensler SEC’s Lack of Transparency

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the House Judiciary Committee, Jim Jordan (OH-04), and the Chairman of the House Oversight and Accountability Committee, James Comer (KY-01), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. The Chairmen identify significant concerns with Chair Gensler’s…

McHenry Speaks in Support of Middle Class Borrower Protection Act

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), delivered remarks in support of H.R. 3564, the Middle Class Borrower Protection Act, on the House floor. H.R. 3564, offered by Housing and Insurance Subcommittee Chairman Warren Davidson (OH-08), will reverse the Biden Administration’s changes to the Federal House Finance Agency’s (FHFA) Loan…

House Passes Subcommittee Chairman Davidson’s Middle-Class Borrower Protection Act

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The U.S. House of Representatives today passed Subcommittee on Housing and Insurance Chairman Warren Davidson’s (R-OH) Middle-Class Borrower Protection Act of 2023. Under the Biden administration’s Loan-Level Price Adjustment (LLPA) mortgage rule, responsible homebuyers with good credit are forced to subsidize those with bad credit. The Middle-Class Borrower Protection Act reverses…

Republican ESG Working Group Releases Interim Report

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Today, the Republican Environmental, Social, and Governance (ESG) Working Group—led by Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04)—released an interim report outlining Republicans’ efforts to protect the financial interest of everyday investors from progressive activists who are using our institutions to force far-left ideology on Americans. The…

Wagner Delivers Remarks at Hearing to Conduct Oversight of the SEC’s Division of Trading and Markets

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Today, the House Financial Services Subcommittee on Capital Markets, led by Chairman Ann Wagner (MO-02), is holding a hearing entitled, “Oversight of the SEC’s Division of Trading and Markets.”   Watch Chairman Wagner’s opening remarks here.   Read Chairman Wagner’s opening remarks as prepared for delivery. “Thank you all for joining us this…

McHenry to Chair Powell: Uncertainty from Fed Supervision and Regulation is the Last Thing the Banking System Needs Now

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Today, the House Financial Services Committee is holding its semi-annual hearing with Federal Reserve Chairman Jerome Powell. In the aftermath of recent bank failures fueled by accelerated interest rate risk, the Fed must avoid pursuing initiatives outside its statutory authority, while redoubling its efforts to stabilize prices and promote financial stability.   Watch…

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