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Rep. Hill Testifies Before Rules Committee in Support of the Financial Innovation and Technology for the 21st Century Act
May 21, 2024
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Today, Congressman French Hill, the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, appeared before the House Committee on Rules to speak in support of H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21) and H.R. 5403, the CBDC Anti...
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House Passes Bills Honoring America’s Working Dogs, Congressional Gold Medal Recipient on the House Floor
May 21, 2024
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Today, the U.S. House of Representatives passed H.R. 807, the “Working Dog Commemorative Coin Act,” and H.R 1097, the “Everett Alvarez, Jr. Congressional Gold Medal Act of 2023.” H.R. 807 honors the working dogs who protect Americans at home and abroad and the extraordinary people that benefit from ...
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McHenry on Gruenberg’s Intent to Resign: This Announcement is Too Little, Too Late
May 20, 2024
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after disgraced Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg announced his intent to resign once a successor is confirmed. “Chair Gruenberg is once again putt...
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McHenry Leads Bipartisan, Bicameral Letter to Regulators Urging Timely Implementation of the Financial Data Transparency Act
May 16, 2024
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The Chairman of the House Financial Services Committee, Patrick McHenry (R-NC), Ranking Member Maxine Waters (D-CA), U.S. Senator Mike Crapo (R-ID), and U.S. Senator Mark Warner (D-VA) sent a letter to federal financial regulators urging them to implement their respective obligations under the Finan...
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McHenry Statement Regarding SCOTUS Ruling on CFPB Funding Structure
May 16, 2024
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Supreme Court of the United States (SCOTUS) released its decision in Consumer Financial Protection Bureau et al. v. Community Financial Services Association of America, Lt...
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McHenry Delivers Remarks at Markup of Financial Institutions, Capital Markets, and Housing Legislation
May 16, 2024
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Today, the House Financial Services Committee is holding a markup of various measures. These include a slate of financial institutions, capital markets, and housing legislation to improve efficiency and accountability at federal agencies, as well as expand economic opportunity. Watch Chairman McHenr...
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House Financial Services Committee Advances Slate of Bills to Full House for Consideration
May 16, 2024
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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), reported eleven pieces of legislation out of Committee favorably to the full House for consideration. These include a slate of financial institutions, capital markets, and housing legislation to improve efficienc...
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McHenry to Gruenberg: Showing Up Today is Not an Act of Courage, It’s an Act of Hubris
May 15, 2024
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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing to conduct oversight of Biden’s prudential banking regulators. Republicans will hold Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg to account following the publication o...
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HEARING NOTICE: Subcommittee on Housing and Insurance
May 15, 2024
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Housing and Insurance Subcommittee Hearing Entitled: “PHA Oversight: How Scandals and Mismanagement Harm Residents and Taxpayers” Time: 10:00 AM ET Date: Wednesday, May 22, 2024 P...
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Financial Services Committee Republicans Lead Effort to Hold Chair Gruenberg Accountable for Misconduct, Toxic Workplace Culture at the FDIC
May 14, 2024
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Last week, the law firm Cleary Gottlieb released an independent, apolitical report confirming reports of widespread and entrenched misconduct at the Federal Deposit Insurance Corporation (FDIC). The report outlines a toxic workplace culture at the agency, as well as verbally abusive behavior by Cha...
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