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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…

HEARING NOTICE: Subcommittees on Oversight & Investigations and Capital Markets

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:   Oversight & Investigations Subcommittee Hearing Entitled: “Oversight of the SEC”   Time: 9:00 AM ET Date: Thursday, June 22, 2023 Place: 2220 Rayburn House Office Building   Additional information regarding the hearing—including the…

Barr to Chopra: The CFPB is Directly Overstepping its Bounds and Serving as Judge, Jury, and Executioner in the Consumer Financial Marketplace

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Today, the House Financial Services Committee is holding a hearing with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. Republicans will discuss the Director’s role in responding to recent bank failures, the Bureau’s persistent lack of transparency surrounding rulemakings, and its hyper-partisan regulatory agenda.   Watch Subcommittee Chairman Andy…

McHenry Demands FSOC Reverse Course on Nonbank Financial Institution Supervisory Guidance

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to U.S. Treasury Secretary Janet Yellen in her capacity as Chair of the Financial Stability Oversight Council (FSOC). In the letter, Chairman McHenry demands FSOC revisit its April decision to evaluate risks posed by non-bank financial entities based on size, rather than the activities…

HEARING NOTICE: The Federal Reserve’s Semi-Annual Monetary Policy Report

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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 Federal Reserve’s Semi-Annual Monetary Policy Report”   Time: 10:00 AM ET Date: Wednesday, June 21, 2023 Place: 2128 Rayburn House Office Building   Additional information regarding the…

HEARING NOTICE: HUD Oversight: Testimony of the HUD Inspector General

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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: “HUD Oversight: Testimony of the HUD Inspector General”   Time: 2:00 PM ET Date: Wednesday, June 21, 2023 Place: 2128 Rayburn House Office Building   Additional information regarding the…

Hill to Yellen: The International Financial Institutions Seem to Think About Everything Except Economic Growth

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Today, the House Financial Services Committee is holding a hearing with Treasury Secretary Janet Yellen. Republicans will discuss the state of the international financial system and the operations of the international financial institutions.   Watch Vice Chairman French Hill’s (AR-02) opening remarks here.   Read Vice Chairman Hill’s opening remarks as…