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McHenry Introduces Legislation to Bring Transparency and Accountability to FinCEN, Protect Small Business Data

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), introduced two pieces of legislation, the Accountability Through Confirmation Act and the Protecting Small Business Information Act, to reform the Financial Crimes Enforcement Network (FinCEN). These bills will bring much-needed transparency and accountability to the agency, while…

McHenry, Lawmakers Demand Clarity from FinCEN, Treasury Regarding Beneficial Ownership Reporting Requirements

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House Financial Services Committee Chairman Patrick McHenry (NC-10), along with National Security, Illicit Finance, and International Financial Institutions Subcommittee Chairman Blaine Luetkemeyer (MO-03), House Committee on Small Business Chairman Roger Williams (TX-25), and House Appropriations Subcommittee on Financial Services and General Government Chairman Steve Womack (AR-03),…

Luetkemeyer Delivers Remarks at Hearing on Preserving the U.S. Dollar’s Status as the Global Reserve Currency

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Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), is holding a hearing entitled “Dollar Dominance: Preserving the U.S. Dollar’s Status as the Global Reserve Currency."   Watch Chairman Luetkemeyer’s opening remarks here. Read…

HEARING NOTICE: The Semi-Annual Report of the Bureau of Consumer Financial Protection

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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: “The Semi-Annual Report of the Bureau of Consumer Financial Protection”   Time: 10:00 AM ET Date: Wednesday, June 14, 2023 Place: 2128 Rayburn House Office Building   Additional information regarding the…

Barr Delivers Remarks at Hearing to Enhance Transparency Regarding Treasury’s X-Date Projection

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Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr (KY-06), is holding a hearing entitled “Uncertain Debt Management: Treasury Markets and Financial Institutions.” Watch Chairman Barr’s opening remarks here. Read Chairman Barr’s opening remarks as prepared for…

HEARING NOTICE: The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System

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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: “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System”   Time: 10:00 AM ET Date: Tuesday, June 13, 2023 Place: 2128 Rayburn House Office…

HEARING NOTICE: The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem

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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: “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem”   Time: 2:00 PM ET Date: Tuesday, June 13, 2023 Place: 2128 Rayburn House Office Building   Additional information regarding…

House Passes Additional Slate of Bipartisan Financial Services Capital Formation Legislation

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This week, the U.S. House of Representatives passed seven pieces of bipartisan financial services legislation to facilitate capital formation by strengthening public markets, helping small businesses and entrepreneurs, and creating opportunities for all investors. This builds on the four pieces of bipartisan capital formation legislation passed last week.    The…

McHenry, Thompson, Hill, Johnson Release Digital Asset Market Structure Proposal

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Today, Patrick McHenry (NC-10), Chairman of the House Financial Services Committee, and Glenn "GT" Thompson (PA-15), Chairman of the House Committee on Agriculture, released a discussion draft of legislation providing a statutory framework for digital asset regulation intended to provide clarity, fill regulatory gaps, and foster innovation, while providing adequate consumer…

House Passes Bipartisan Financial Services Capital Formation Legislation

| Posted in Press Releases

This week, the U.S. House of Representatives passed four pieces of bipartisan financial services legislation to facilitate capital formation by strengthening public markets, helping small businesses and entrepreneurs, and creating opportunities for all investors. The financial services bills passed by the House include: H.R. 2792, the Small Entity Update Act,…