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McHenry on Defense Production Act: This is an Aggressive and Necessary Move
Mar 18, 2020
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WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Trump invoked the Defense Production Act (DPA) in the ongoing fight against coronavirus (COVID-19): “This is an aggressive and necessary move b...
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Trump Administration Suspends Foreclosures and Evictions During Coronavirus
Mar 18, 2020
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Today, the Federal Housing Finance Agency (FHFA) and the Trump Administration took a bold step to prevent homeowners with loans insured by the Federal Housing Administration (FHA) or owned by Fannie Mae or Freddie Mac from being foreclosed upon or evicted during this national emergency. Key facts fr...
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Regulators make it easier for banks to lend under stress
Mar 17, 2020
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By Victoria Guida | March 17, 2020 Federal bank regulators today moved to make it easier for lenders to reduce their loss-absorbing capital as they aim to clear the path for banks to keep credit flowing amid economic stress from the coronavirus pandemic. The move adjusts capital rules so the penalt...
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McHenry Highlights Ways to Mitigate Coronavirus Impact on Financial Health
Mar 17, 2020
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As coronavirus (COVID-19) continues to affect Americans from all walks of life, borrowers can take action now to mitigate the impact of a missed mortgage payment. The Federal Housing Finance Agency (FHFA) and Federal Housing Administration (FHA) have taken steps to remind borrowers of hardship forbe...
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Republican Leaders Work to Protect Seniors from Coronavirus Financial Scams
Mar 16, 2020
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Today, Republican leaders of the House Financial Services Committee, led by Ranking Republican Patrick McHenry (NC-10), sent a letter to Consumer Financial Protection Bureau (CFPB) Director, Kathleen Kraninger, asking for her assistance in protecting seniors from coronavirus-fueled scams. The Republ...
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McHenry, Stivers Call on Public Housing Authorities to Prepare for Impact of Coronavirus on Residents
Mar 16, 2020
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WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), and Republican leader of the Subcommittee on Housing, Community Development, and Insurance, Steve Stivers (OH-15), sent letters to the nation’s largest Public Housing Authority (PHA) leaders...
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McHenry Statement on President Trump’s National Emergency Declaration
Mar 13, 2020
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to President Trump’s national emergency declaration to combat the coronavirus (COVID-19): “The President has called for a whole-of-government response to the coron...
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Republican Committee Leaders Take on Coronavirus Impact with Innovative Solutions
Mar 12, 2020
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Today, Republican leaders of the House Financial Services Committee introduced eight bills in the ongoing effort to combat the economic and public health impact of coronavirus (COVID-19) through innovation and technology solutions. In response to President Trump’s call for a whole-of-government appr...
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Crowdfunding to Combat the Coronavirus Act: Proposed Legislation Creates $1 billion Prize to Crowdfund COVID-19 Vaccine
Mar 12, 2020
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Representative Patrick McHenry, Ranking Member on the House Financial Services Committee, has proposed legislation to crowdfund a vaccine for the Coronavirus entitled “Crowdfunding to Combat the Coronavirus Act.” The bill creates a $1 billion prize for anyone that develops a vaccine for COVID-19 tha...
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Relief for Small Businesses Through Micro-Offerings Act of 2020: Legislation Seeks to Create Micro-Offering Hosted by Funding Portals
Mar 12, 2020
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Representative Patrick McHenry distributed multiple legislative proposals today designed to mitigate the impact of the Coronavirus pandemic. While the inevitable outcome is unknown, what is clear is that the economy will take a hit – most likely impacting small businesses disproportionately. McHenry...
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