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McHenry Statement on the Senate Vote Acquitting President Trump
Feb 5, 2020
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WASHINGTON - Today, Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, released the following statement on the Senate vote acquitting President Donald J. Trump on the two articles of impeachment passed by the House: "The 2016 election outcome was a shoc...
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McHenry on President Trump's State of the Union Address
Feb 4, 2020
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WASHINGTON - Tonight, Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, released the following statement on President Trump's State of the Union address: “Tonight, President Trump delivered a powerful message highlighting all that has been accomplished...
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McHenry: The Current Community Reinvestment Act is an Analog Approach to a Digital World
Jan 29, 2020
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Today, the House Financial Services Committee is holding a hearing with Comptroller of the Currency Joseph Otting on the recent joint proposal from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to modernize the Community Reinvestment Act (CR...
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McHenry: Clearview's Facial Recognition Tool Raises Serious Privacy and Public Safety Concerns
Jan 29, 2020
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Republican Leader of the House Financial Services Committee Patrick McHenry (NC-10) is seeking answers from Clearview AI, following concerning reports that the company has developed a facial recognition tool based on a collection of images of people’s faces scraped from the internet, including “empl...
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Democrats’ Credit Reporting Bill Will Only Hurt the Very Consumers We Are Trying to Help
Jan 29, 2020
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Today, Republican Leader of the House Financial Services Committee Patrick McHenry (NC-10) delivered remarks on the House floor in opposition to Democrats’ partisan legislation, H.R. 3621, appropriately renamed by Republicans as the “Cutting Consumers’ Credit Act.” This bill will weaken underwriting...
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Ranking Member McHenry Announces New Member of Financial Services Committee
Jan 16, 2020
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Today, House Republicans selected Congressman Van Taylor (TX-3) to serve on the House Financial Services Committee. The top Republican on the Committee, Patrick McHenry (NC-10), issued the following statement in response: “Congressman Van Taylor’s experience in the financial services sector will mak...
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Morning Consult: Why Protecting Financial Institutions From Cyberattacks Is an Urgent Matter
Jan 16, 2020
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Last year, the Financial Services Committee heard directly from the CEOs of America’s seven largest banks. When asked what kept these leaders up at night, a majority cited cyberattacks as the greatest risk they faced — not productivity growth, not political upheaval overseas, not an economic slowdo...
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House Financial Services Subcommittee Unanimously Expresses Concern Over CECL
Jan 15, 2020
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Today in the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets at a hearing entitled “An Examination of the Financial Accounting Standards Board and the Public Company Accounting Oversight Board,” members from both sides of the aisle expressed serious concern with FASB’s CECL...
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McHenry: To Address the High Cost of Housing, We Need to Address the Root Cause of Local Issues
Jan 14, 2020
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Today, the House Financial Services Committee is holding a hearing on housing affordability challenges, which are most acutely experienced in high-cost, high-tax cities that have enacted counterproductive zoning laws and regulations. Republican Committee Members are examining the local barriers that...
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Committee Republicans Push for Comprehensive Approach to Increase Affordable Housing Options
Jan 14, 2020
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WASHINGTON – Today, the House Financial Services Committee held a hearing on the causes of rising housing costs – most notably, counterproductive state and local regulatory and zoning laws. Republican Committee Members highlighted the negative impact of these local barriers on the cost of constructi...
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