The Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), and the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), sent letters to Financial Stability Oversight Council (FSOC) Chair Janet Yellen and Chair of the Council of Inspectors General on Financial Oversight, Richard Delmar, demanding information on a March… Read more »
Republicans on the House Financial Services Committee are demanding the California and New York state-level regulators that supervised Silicon Valley Bank and Signature Bank, respectively, prior to their failures provide information regarding their supervisory efforts, coordination with federal regulators, and decision making regarding the failed banks.
The Chairman of the… Read more »
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, “Follow the Money: The CCP’s Business Model Fueling the Fentanyl Crisis.”
Watch Chairman Luetkemeyer’s opening remarks here.
Read Chairman Luetkemeyer’s opening… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Vice Chairman of the House Financial Services Committee, French Hill (AR-02), sent letters to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg and Treasury Secretary Janet Yellen. In the letters, McHenry and Hill demand detailed information regarding the Biden Administration’s… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Member of the House Financial Services Committee, Maxine Waters (CA-43), announced a bipartisan hearing with federal financial regulators in response to the failures of Silicon Valley Bank (SVB) and Signature Bank to be held at 10:00 AM ET on March 29, 2023. This will be the first… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (R-N.C.), and the Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, Tim Scott (R-S.C.), are formally demanding information from the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) regarding their regulatory activities with respect to Silicon Valley Bank (SVB) and… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Member of the House Financial Services Committee, Maxine Waters (CA-43), announced a bipartisan hearing with federal financial regulators in response to the failures of Silicon Valley Bank (SVB) and Signature Bank to be held on March 29, 2023. The Committee will hold additional hearings… Read more »
Today, Congressman Patrick McHenry (R-NC), Chair of the House Financial Services Committee, and Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services sent a letter to the Government and Accountability Office (GAO) calling on the office to begin a study and an investigation into the recent collapse of Silicon Valley Bank and Signature Bank.… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:
Subcommittee on National Security, Illicit Finance, and International Financial Institutions Hearing Entitled: “Follow the Money: The CCP’s Business Model Fueling the Fentanyl Crisis”
Time: 10:00 AM ET
Date: Thursday, March 23, 2023
Place: 2128 Rayburn… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the announcement by several U.S. financial institutions that they will make substantial deposits at First Republic Bank to shore up its liquidity.
“The shoring up of First Republic Bank by other financial institutions is welcome news,” said… Read more »
