Rep. Patrick McHenry (R-N.C.) today asked the Export-Import Bank for information about the agency's efforts to combat fraud.
In a letter to acting Ex-Im Bank President Jeffrey Gerrish, McHenry cited a July 2018 GAO report that made recommendations about how the agency could improve its fraud prevention efforts.
"In light of GAO's findings, the committee is concerned about the adequacy… Read more »
WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent a letter requesting information from Boeing Co. to shed light on a potential attempt by the Chinese government to skirt U.S. laws to obtain restricted satellite technology.
In the letter, Ranking Member McHenry detailed the intended 2016 sale of a Boeing satellite to Los… Read more »
WASHINGTON – Today, Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent letters to the eight Inspectors General (IG) of the agencies within the committee’s jurisdiction requesting an update on the agencies’ efforts to implement the IGs recommendations to reduce waste, fraud, and abuse.
Congressman McHenry highlighted the IGs “shared… Read more »
WASHINGTON – The House Financial Services Committee today released a staff report which reveals that the Financial Stability Oversight Council (FSOC) acts inconsistently and arbitrarily in exercising its power to designate certain non-bank companies as “too big to fail.”
Based on documents requested by the Committee nearly two years ago and the sworn testimony of Treasury Department… Read more »
Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on Thursday after the State Department admitted that the United States would not hand over $400 million in cash to Iran until it released four American hostages:
“There’s a word for that. It’s called ransom. But two weeks ago President Obama insisted to the American people that the… Read more »
The House Financial Services Committee on Monday released a staff report of its investigation into the U.S. Department of Justice’s decision not to prosecute HSBC or any of its executives or employees for serious violations of U.S. anti-money laundering laws and related offenses.
The Committee initiated its investigation in March 2013. The Department of Justice (DOJ) and the… Read more »
Holding Bureaucrats Accountable and Helping Main Street Grow
Two committee priorities – holding Washington accountable and growing Main Street’s economy – were on the House floor this week in the form of Rep. Tom Emmer’s (R-MN) “Financial Stability Oversight Council Reform Act” and Rep. Mia Love’s (R-UT) regulatory relief bill for small community banks. Both passed the House and now… Read more »
The Consumer Financial Protection Bureau (CFPB) has undertaken a dozen large-scale data collection efforts, gathering highly sensitive information on millions of American consumers even as the Bureau’s director has acknowledged that data held by the CFPB is “not 100 percent secure.”
The Financial Services Oversight and Investigations Subcommittee held a hearing today… Read more »
House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the Committee’s schedule for this week.
Wednesday, December 16 at 10:30 a.m. - The Oversight and Investigations Subcommittee will hold a hearing to examine the Consumer Financial Protection Bureau’s Mass Data Collection Program.
In a report last year,… Read more »
