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McHenry Continues Push for Federal Bureaucracy Oversight

| Posted in Press Releases

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…

Rep. McHenry Probes Agencies' IGs for Cost Cutting Measures

| Posted in In Case You Missed It

The new ranking member on the House Financial Services Committee wants SEC, Treasury, CFPB to tell him by Jan. 24 how the agencies plan to reduce waste, fraud and abuse. Rep. Patrick McHenry, R-N.C., the new ranking member on the House Financial Services Committee, wants eight Inspectors General of the agencies within the committee’s jurisdiction to provide updates on their efforts to…

McHenry Elected to Serve as Ranking Member of the House Financial Services Committee

| Posted in Press Releases

Today, Congressman Patrick McHenry (NC-10) was elected by members of the House Republican Conference to lead the House Financial Services Committee as Ranking Member. McHenry released the following statement after his election: “I am honored to have been selected by my colleagues to serve as the Republican leader of the House Financial Services Committee. Having served on the Committee…

Hensarling Opening Statement at Hearing with Federal Reserve Vice Chairman for Supervision

| Posted in Member Corner

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with the Federal Reserve’s Vice Chairman for Supervision Randal Quarles: This morning, we welcome back for his semi-annual testimony, The Honorable Randy Quarles, the Federal Reserve’s Vice Chairman for Supervision. As we know all too well, the Dodd-Frank Act…

Hensarling Announces Departure of Staff Director Shannon McGahn, Congratulates Incoming Staff Director Ed Skala

| Posted in Press Releases

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that Shannon McGahn, the committee’s Staff Director, will be departing the committee in the coming weeks. “Shannon has been by my side as a trusted advisor and friend throughout some of the most pivotal moments of my career. Her leadership and strategic counsel have been invaluable to this…

Chairman Hensarling Delivers Opening Statement at FHFA Oversight Hearing

| Posted in Press Releases

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing to examine the Federal Housing Finance Agency’s (FHFA) role as conservator and regulator of the Government Sponsored Enterprises. Ten years ago, at the time of the financial crisis, Fannie and Freddie were thinly capitalized, they bought loans for as…

Committee Advances 12 Bills

| Posted in Press Releases

Today, the Financial Services Committee approved 12 important pieces of legislation to improve the lives of Americans and protect our financial institutions. “Today, we met to consider a dozen pieces of legislation to improve the lives of every day Americans. From ensuring our veterans are able to access mortgages to buy a home, to protecting our financial system from traffickers and…

House Passes 2 Financial Services Bills

| Posted in Press Releases

The House of Representatives passed two bills from the Financial Services Committee this week. “I’m pleased to see these important measures pass the House today to bring greater accountability and transparency to the Federal Reserve and to move the Committee’s efforts to thwart terrorism forward by ensuring appropriate processes are in place to protect our financial networks from…

MEDIA ADVISORY: Committee Announces September FHFA Oversight Hearing

| Posted in Press Releases

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Oversight and Investigations Subcommittee Chairman Ann Wagner (R-MO) announced today that the Committee plans to hold a hearing no later than Thursday, September 27, 2018 as a part of its ongoing investigations into various allegations of waste, fraud and abuse at the Federal Housing Finance Administration…

Committee Advances Seven Bills

| Posted in Press Releases

Today, the Financial Services Committee approved seven important pieces of legislation to safeguard our financial system and improve access for all Americans to financial services and products. “Today, we meet to consider seven important bills… to help the lives of every day Americans and help protect our financial system,” said Committee Chairman Jeb Hensarling (R-TX) in his opening…