House Financial Services Committee Chairman Patrick McHenry (R-NC) and U.S. Senator Cynthia Lummis (R-WY) led a letter to President Joe Biden urging him to reconsider his threat to veto Staff Accounting Bulletin (SAB) 121 Congressional Review Act (CRA) which passed the Senate and House with strong bipartisan support.
“Given the overwhelming bipartisan votes, we urge… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:
Digital Assets, Financial Technology and Inclusion Subcommittee Hearing Entitled: “Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets”
Time: 9:00 AM ET
Date: Wednesday, June 5, 2024
Place: 2128 Rayburn House… Read more »
Today, the U.S. House of Representatives passed H.R. 5403, the CBDC Anti-Surveillance State Act, sponsored by Majority Whip Tom Emmer (MN-06). H.R. 5403 halts unelected bureaucrats from issuing a central bank digital currency (CBDC)—which would threaten Americans’ right to financial privacy—without explicit authorization from Congress.
Watch Chairman Patrick McHenry’s… Read more »
Today, House Financial Services Committee Chairman Patrick McHenry (NC-10), sent letters to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg, as well as Acting Comptroller of the Currency Michael Hsu and FDIC Director Johnathan McKernan in their capacity as Co-Chairs of the Special Committee of the FDIC. Chairman McHenry is demanding… Read more »
Today, House Financial Services Committee Chairman Patrick McHenry (NC-10), Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02), and Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04) sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler demanding the SEC clarify its position with regard to… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), led Republicans on the House floor as lawmakers debated H.R. 4763, the Financial Innovation and Technology (FIT) for the 21st Century Act. FIT21 provides the robust, time-tested consumer protections and regulatory certainty necessary to allow digital asset innovation to flourish in the… Read more »
Today, the U.S. House of Representatives passed H.R. 4763, the “Financial Innovation and Technology for the 21st Century Act,” in a watershed moment for the U.S. digital asset ecosystem. FIT21 provides the robust, time-tested consumer protections and regulatory certainty necessary to allow digital asset innovation to flourish in the United States.
“Today, the House took a… Read more »
Today, Congressman French Hill, the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, appeared before the House Committee on Rules to speak in support of H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21) and H.R. 5403, the CBDC Anti-Surveillance State Act. The FIT for the 21st Century Act is an… Read more »
Today, the U.S. House of Representatives passed H.R. 807, the “Working Dog Commemorative Coin Act,” and H.R 1097, the “Everett Alvarez, Jr. Congressional Gold Medal Act of 2023.” H.R. 807 honors the working dogs who protect Americans at home and abroad and the extraordinary people that benefit from their service by directing the U.S. Treasury to mint and issue coins in commemoration of… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after disgraced Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg announced his intent to resign once a successor is confirmed.
“Chair Gruenberg is once again putting Democrats’ politicized regulatory agenda ahead of the wellbeing of the… Read more »
