The Failures of Dodd-Frank

  • Top Republican rebukes Democrats on bank subpoenas
    Apr 17, 2019 - The top Republican on the House Financial Services Committee today accused Democrats of playing politics by using their investigative powers to subpoena nine big banks as part of probes into President Donald Trump and Russians' illicit use of the financial system. In a letter to Financial Services C... More
  • Washington Examiner: Don't relitigate Dodd-Frank when there are newer, more pressing financial challenges
    Apr 10, 2019 - On Wednesday, for the first time in 10 years, the CEOs of America’s largest banks will appear before Congress to testify at the Financial Services Committee. The last time these banks were assembled before the committee, Chairman Barney Frank, D-Mass., sat atop the dais and the economy had just suff... More
  • McHenry: Democrats are Holding this Hearing in Search of a Headline
    Apr 10, 2019 - WASHINGTON – Today, the House Financial Services Committee received testimony from seven Global Significantly Important Bank (GSIB) CEOs, including: Citigroup, JP Morgan Chase & Co., Morgan Stanley, Bank of America, State Street Corporation, Bank of New York Mellon, and Goldman Sachs. Republican lea... More
  • Dodd Frank required banks to be bigger, says Rep. Patrick McHenry
    Apr 10, 2019 - The CEOs of America's largest banks will testify on Capitol Hill this morning about how the industry has transformed in the 10 years following the financial crisis. Rep. Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee , joins "Squawk Box" ahead of the hearing. Dodd... More
  • Take away from banking hearing was banks are giving consumers a lot of choice: McHenry
    Apr 10, 2019 - CNBC's Wilfred Frost talks with Rep. Patrick McHenry (R-N.C.), the ranking republican on the House Financial Services Committee, about the outcome of the big bank CEOs testifying on Capitol Hill. Takeaway from banking hearing was banks are giving consumers a lot of choice: McHenry from CNBC. More
  • Big Bank CEO Hearing 'Searching for a Headline': Rep. McHenry
    Apr 10, 2019 - Representative Patrick McHenry, a North Carolina Republican, discusses the testimony from major U.S. bank chiefs to the House Financial Services Committee with Bloomberg's Kevin Cirilli. (Source: Bloomberg) More
  • McHenry to Secretary Mnuchin: You come before this Committee at a really precarious time for global markets
    Apr 9, 2019 - WASHINGTON - Today, the House Financial Services Committee held its annual hearing to receive testimony from the U.S. Department of Treasury Secretary, Steven Mnuchin, on the state of the International Financial System. The Committee's Republican leader, Patrick McHenry (NC-10) delivered the followi... More
  • McHenry Introduces Bill to Modernize the IRS
    Apr 5, 2019 - Congressman Patrick McHenry (R, NC-10), the Republican Leader of the House Financial Services Committee, introduced H.R. 2007, the IRS Data Verification Modernization Act of 2019. This bipartisan bill will require the Internal Revenue Service (IRS) to automate the Income Verification Express Service... More
  • McHenry Statement on Calabria Confirmation
    Apr 4, 2019 - WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the confirmation of Mark Calabria to be Director of the Federal Housing Finance Agency (FHFA): “Mark Calabria has a long history as a thoughtful leader in the hou... More
  • McHenry warns of 'circus atmosphere' surrounding banks before major hearing
    Apr 2, 2019 - Politically motivated jabs at banks risk distracting lawmakers from addressing serious threats to the U.S. economy, from China's debt bubble to Brexit, the top Republican on the House Financial Services Committee said today. In a speech at the Chamber of Commerce, Rep. Patrick McHenry (R-N.C.) said ... More