Press Releases

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following markup: Markup of the Increasing Financial Regulatory Accountability and Transparency Act, the Middle Class Borrower Protection Act of 2023, H.R. 2622, H.R. 1553, H.R. 3063, H.R. 2627 Time: 10:00 AM ET   Date: Wednesday, May 24,… Read more »

Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, led by Chairman French Hill (AR-02), is holding a hearing entitled “Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise.” Watch Chairman Hill’s opening remarks here. Read Chairman… Read more »

Today the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing Entitled: “International Financial Institutions in an Era of Great Power Competition”   Time: 9:00 AM ET Date: Thursday, May 25, 2023 Place: 2128… Read more »

Today, the House Financial Services Committee is holding a joint subcommittee hearing to continue its oversight of regional bank failures. Lawmakers from the Subcommittees on Financial Institutions & Monetary Policy and Oversight & Investigations will question two panels of witnesses, including former executives from Silicon Valley Bank (SVB), Signature Bank, and… Read more »

Today, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Warren Davidson (OH-08), is holding a hearing entitled “The Current Mortgage Market: Undermining Housing Affordability with Politics.” Watch Chairman Davidson’s opening remarks here. Read Chairman Davidson’s opening remarks as prepared for… Read more »

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced an additional witness will testify at the following hearing:   Financial Institutions and Monetary Policy and Oversight and Investigations Joint Subcommittee Hearing Entitled: “Continued Oversight Over Regional Bank Failures”   Time: 10:00 AM ET Date: Wednesday, May 17,… Read more »

Today, the House Financial Services Committee is holding a hearing to conduct oversight of the prudential regulators following recent bank failures. Republican lawmakers will examine regulators’ self-assessments of their responses to the collapse of Silicon Valley Bank (SVB) and Signature Bank, push for greater transparency and accountability from regulators, and highlight the… Read more »

Today the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   Full Committee Hearing Entitled: “FHFA Oversight: Protecting Homeowners and Taxpayers”   Time: 10:00 AM ET Date: Tuesday, May 23, 2023 Place: 2128 Rayburn House Office Building   Additional information regarding the hearing—including the… Read more »

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to President Biden’s nomination of Philip Jefferson as the next Vice Chair of the Board of Governors of the Federal Reserve System and Adriana Kugler as his replacement on the Board. “These nominees are seasoned economists with the capacity to contribute… Read more »

Chairman Patrick McHenry (R-N.C.), of the House Financial Services Committee, and Ranking Member Tim Scott (R-S.C.), of the Senate Committee on Banking, Housing, and Urban Affairs, are urging President Biden to implement the 2020 national security finding by the Committee on Foreign Investment in the United States (CFIUS) that TikTok’s operations pose a national security risk to the… Read more »