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McHenry Statement on CFPB Move to Implement Debt Bondage Repair Act
Apr 7, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the Consumer Financial Protection Bureau’s (CFPB) Notice of Proposed Rulemaking to implement his bill, H.R. 2332, the Debt Bondage Repair Act: “I’m glad to see the C...
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McHenry to Yellen: We Must Exert Maximum Pressure on Moscow
Apr 6, 2022
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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 hold the Biden Administration accountable for the Treasury Department’s international activities, specifically those a...
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McHenry Releases Report Marking 10 Years of the JOBS Act
Apr 5, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released a Staff Report entitled, “Ten Years of the Jumpstart Our Business Startups (JOBS) Act of 2012: How the Law Spurred Capital Formation, and How Congress Can Build on Its Success.” Read the full repor...
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Committee Republicans Demand Answers on CFPB’s Attack on Financial Products and Services Americans Rely On
Mar 31, 2022
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Ahead of today’s hearing on financial fees, Committee Republicans sent a letter outlining Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra’s recent actions that could stifle financial inclusion and eliminate consumer choice. A majority of the Republican Members, led by Ranking Membe...
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The SEC’s Climate-Change Overreach
Mar 21, 2022
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By Patrick McHenry and Jay Clayton | March 20, 2022 The Securities and Exchange Commission will propose sweeping new rules this week requiring publicly traded, and perhaps even private, companies to disclose extensive climate-related data and additional “climate risks.” Setting climate policy is th...
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McHenry Statement on SEC Proposal to Require Disclosures Related to Climate Change
Mar 21, 2022
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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 the Securities and Exchange Commission’s (SEC’s) proposal to mandate disclosure of mostly immaterial information related to climate change: “The Biden Administr...
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McHenry: These Are Good and Necessary Legislative Efforts to Hold Russia Accountable for Their Actions
Mar 17, 2022
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Today, the House Financial Services Committee is holding a markup of several bills to further isolate the Putin regime from the international financial system in response to Russia’s invasion of Ukraine. Of the five pieces of legislation being considered at today’s markup, four of the bills are bipa...
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McHenry, Smith Introduce Legislation to Modernize IRS Filings for Job Creators
Mar 15, 2022
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Today, Rep. Patrick McHenry (NC-10), the top Republican on the House Financial Services Committee, and Rep. Adrian Smith (NE-03), a senior Republican on the House Ways and Means Committee, introduced the Eliminating Paperwork for Startups Act. This legislation will modernize how 83(b) election forms...
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McHenry Statement on Biden Executive Order Regarding Digital Assets
Mar 9, 2022
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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 Biden’s Executive Order regarding digital assets: “One thing that today’s action makes clear—Congress must legislate,” said Republican Leader McHenry....
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McHenry: If Democrats are Looking to Crack the Code on the “Inflation Equation,” I Would Suggest a Little Self-Reflection
Mar 8, 2022
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Today, the House Financial Services Committee is holding the House of Representative’s first hearing solely on inflation entitled, “The Inflation Equation: Corporate Profiteering, Supply Chain Bottlenecks, and COVID-19.” After months of consumer prices surging at a record pace, Democrats have finall...
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