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GOP lawmaker: Innovation should not go to Washington ‘to die’
Jul 17, 2019
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Amid bipartisan backlash against Libra, Facebook’s new cryptocurrency project, some House Republicans are urging Congress to keep an open mind about emerging technologies. The top Republican on the House Financial Services committee warned his colleagues not to make Facebook a “political talking poi...
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Congressman McHenry Looks to Support Responsible Innovation During Libra Hearing
Jul 17, 2019
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Congressman Patrick McHenry, Ranking Member on the House Financial Services Committee, told his fellow members at the Libra hearing today to “go beyond the headlines” when probing Facebook’s project to create a global payment ecosystem. The hours-long hearing saw David Marcus, head of Libra, hammere...
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Rep. McHenry: Hearing Is 90% Facebook, 10% Digital Currency
Jul 17, 2019
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Rep. Patrick McHenry (R-North Carolina) discusses hearings with Facebook and thoughts on their digital currency. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas."
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Rep. Patrick McHenry: 'There's no capacity to kill Bitcoin'
Jul 17, 2019
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Rep. Patrick McHenry (R-N.C.), ranking member of the Financial Services Committee, joins "Squawk Box" to discuss the tech hearing on Capitol Hill. Rep. Patrick McHenry: 'There's no capacity to kill Bitcoin' from CNBC.
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Republicans Fight Democrat Proposals to Impede Credit Access, Increase Cost
Jul 12, 2019
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WASHINGTON – House Financial Services Committee Democrats brought several pieces of legislation before the full committee for a markup. In all, ten bills were considered, six of which addressed diversity and inclusion and housing, receiving bipartisan support. However, the remaining four bills to am...
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McHenry Continues Push for Regulatory Relief, Financial Inclusion, & Innovation at Fed Hearing
Jul 10, 2019
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WASHINGTON – Today, the House Financial Services Committee held its semi-annual hearing with Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy. Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks highlighting the positive econom...
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Rep. Patrick McHenry on Fed Independence
Jul 10, 2019
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Fed Chair Jay Powell is set to testify later Wednesday morning in front of the House Financial Services Committee as well as the Senate Banking Committee on Thursday. Rep. Patrick McHenry (R-N.C.), who is the ranking member of the Financial Services Committee, joins "Squawk Box" to discuss what he ...
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House Passes Republican-Led Bills to Bolster Small Business Access to Capital
Jul 9, 2019
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WASHINGTON – Today, the U.S. House of Representatives advanced two Republican-led Financial Services bills: H.R. 2919, the “Improving Investment Research for Small and Emerging Issuers Act,” introduced by Congressman Bill Huizenga (MI-02), and H.R. 3050, the “Expanding Investment in Small Businesses...
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Ranking Member McHenry Applauds Signing of the Taxpayer First Act
Jul 1, 2019
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WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Trump signed H.R. 3151, the Taxpayer First Act of 2019 into law. This legislation included provisions from H.R. 2007, the IRS Data Verification Mod...
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Hill leads new bipartisan AI task force on mission to foster innovation in financial sector
Jun 28, 2019
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The simulation of human intelligence processes by computer systems is not without both benefits and challenges, said U.S. Rep. French Hill (R-AR), ranking member of the U.S. House Financial Services Committee Task Force on Artificial Intelligence (AI), during its first meeting on Wednesday. “Over th...
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