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McHenry Leads Bipartisan Legislative Fix to New Digital Asset Reporting Requirements
Nov 18, 2021
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), has introduced the Keep Innovation in America Act, alongside Congressman Tim Ryan (OH-13) and a bipartisan group of lawmakers. The legislation will fix the digital asset reporting provisions in the Infrastructure ...
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McHenry: Democrats Are Out of Touch with the Needs of the American People
Nov 16, 2021
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Today, the House Financial Services Committee is holding a markup of several pieces of legislation, including three bipartisan bills. However, despite the fact inflation just hit a 30-year record and increasing prices are outpacing the rise in wages—nothing on today’s markup agenda will help America...
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Committee Republicans Release Central Bank Digital Currency Principles
Nov 15, 2021
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Today, Republicans on the House Financial Services Committee, led by Ranking Member Patrick McHenry (NC-10), released principles to guide Congress’ evaluation of potential proposals for a U.S. Central Bank Digital Currency (CBDC). The principles state that a potential Fed-issued digital currency mus...
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McHenry Introduces Bill to Protect America’s Critical Financial Infrastructure from Ransomware Attacks
Nov 10, 2021
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced the Ransomware and Financial Stability Act. By deterring hackers and setting commonsense guardrails for financial institutions to respond to ransomware attacks, this legislation will protect the critica...
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McHenry Statement on Departure of Fed Governor Quarles
Nov 8, 2021
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding Randal Quarles’ announcement of his forthcoming departure from the Federal Reserve Board of Governors: “Governor Quarles has been a tireless advocate for strengtheni...
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Luetkemeyer Holds Roundtable on Democrats’ Outrageous IRS Reporting Regime Proposal
Nov 5, 2021
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Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Consumer Protection & Financial Institutions Subcommittee and House Small Business Committee, held a roundtable discussion with members of the House Financial Services Committee and House Small Business Committee on the Democrats’ ...
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McHenry Statement on Passage of Democrats’ Spending Bill Under Guise of Infrastructure
Nov 5, 2021
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement on House Democrats’ vote to pass their partisan spending bill under the guise of infrastructure: “Today the House voted on a $1.2 trillion dollar bill full of progressive prio...
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McHenry Statement on Updated SEC Guidance on Shareholder Proposals Regarding Social Issues
Nov 3, 2021
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement, which echoes the concerns expressed by Republican Commissioners Hester Peirce and Elad Roisman, regarding the guidance issued today by the Securities and Exchange Commissio...
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McHenry Statement on President’s Working Group on Financial Markets, Along With the FDIC and OCC, Report on Stablecoins
Nov 1, 2021
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement regarding the report on stablecoins released by the President’s Working Group on Financial Markets, along with the Federal Deposit Insurance Corporation (FDIC) and the Offic...
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Committee Republicans are Taking Action to Rein in Unaccountable CFPB
Oct 27, 2021
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In advance of today’s hearing with the new Consumer Financial Protection Bureau (CFPB) Director, Rohit Chopra, Committee Republicans are taking action to rein in the unaccountable agency. Since its inception, the CFPB’s structure and funding mechanisms have insulated it from transparency and account...
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