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Luetkemeyer Delivers Remarks at Hearing to Conduct Oversight of the Financial Crimes Enforcement Network and the Office of Terrorism and Financial Intelligence

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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 “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI).”  Watch…

Hill Delivers Remarks at Hearing on Identifying the Regulatory Gaps in Digital Asset Market Structure

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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 “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure.”   Watch Chairman Hill’s opening remarks here.   Read…

Committee Republicans Demand Information from Banking Regulators, Advance Efforts to Get to the Bottom of Recent Bank Failures

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Ahead of upcoming reports from the Government Accountability Office (GAO) and federal banking regulators, Committee Republicans sent letters to Treasury Secretary Janet Yellen, Acting Inspector General of the Treasury Richard Delmar, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg demanding additional information regarding the supervisory efforts of their…

McHenry Delivers Opening Remarks at Markup of Capital Formation and CFPB Reform Legislation

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Today, the House Financial Services Committee is holding a markup of capital formation and Consumer Financial Protection Bureau (CFPB) reform legislation. The Committee will consider proposals that strengthen public markets, help small businesses and entrepreneurs, and create opportunities for all investors. The Committee will also consider a measure that reforms the CFPB to deliver…

McHenry, Hill, Huizenga Demand Information from Prudential Regulators Regarding Efforts to De-Bank the Digital Asset Ecosystem

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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 letters to the Chair of the Board of Governors of the Federal Reserve System, Jerome Powell, Chairman of the Federal Deposit Insurance Corporation…

McHenry Statement on Passage of Limit, Save, Grow Act

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after House Republicans passed the Limit, Save, Grow Act to responsibly raise the debt ceiling while limiting federal spending, saving taxpayer money, and growing the economy.   “It’s critical that we raise the debt ceiling with as little brinksmanship as…

House Financial Services Committee Reports Capital Formation, CFPB Reform Legislation to Full House for Consideration

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Today, Committee Republicans reported 14 legislative proposals out of Committee that strengthen public markets, help small businesses and entrepreneurs, and create opportunities for all investors. Lawmakers passed an additional measure that brings accountability and transparency to the Consumer Financial Protection Bureau (CFPB).  More information on all 15 bills recently…

McHenry, Davidson Demand FHFA Reverse Changes to the Loan Level Pricing Adjustment Structure

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Chairman of the Subcommittee on Housing and Insurance, Warren Davidson (OH-08), sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson. The lawmakers blast the FHFA’s recent changes to the loan level pricing adjustment (LLPA) structure that amounts to a tax on…

HEARING NOTICE: Subcommittee on Housing and Insurance

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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: “The Reauthorization of the National Flood Insurance Program: FEMA’s Perspective” Time: 9:00 AM ET Date: Friday, April 28, 2023 Place: 2128 Rayburn House Office Building Additional information regarding…

McHenry Announces Markup of Capital Formation and CFPB Reform Legislation

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following markup: Markup of H.R. 835, H.R. 1579, H.R. 1548, H.R. 2792, the Equal Opportunity for All Investors Act, H.R. 2793, H.R. 2610, H.R. 2608, H.R. 1807, the Enhancing Multi-Class Share Disclosures Act, the Senior Security Act, the Middle Mark IPO Act, the Promoting…