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McHenry Statement Regarding SCOTUS Ruling on CFPB Funding Structure

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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, Ltd., et al.   “Despite the setback from today’s ruling, Republicans…

McHenry Delivers Remarks at Markup of Financial Institutions, Capital Markets, and Housing Legislation

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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 McHenry’s opening remarks here. Read Chairman McHenry’s…

House Financial Services Committee Advances Slate of Bills to Full House for Consideration

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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 efficiency and accountability at federal agencies, as well as expand economic…

McHenry to Gruenberg: Showing Up Today is Not an Act of Courage, It’s an Act of Hubris

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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 of Cleary Gottlieb’s independent report confirming allegations of…

HEARING NOTICE: Subcommittee on Housing and Insurance

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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 Place: 2128 Rayburn House Office Building Additional information…

Financial Services Committee Republicans Lead Effort to Hold Chair Gruenberg Accountable for Misconduct, Toxic Workplace Culture at the FDIC

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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 Chair Martin Gruenberg. Republicans on the House Financial Services Committee are leading the…

MARKUP NOTICE: Full Committee Markup of Various Measures

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following markup:   Full Committee Markup of H.R. 758, H.R. 3161, H.R. 8337, H.R. 8338, H.R. 8339, H.R. 4551, H.J.Res. 100, H.R. 8302. H.R. 3507, H.R. 7480, H.R. 8340   Time: 10:00 AM ET Date: Thursday, May 16, 2024 Place: 2128 Rayburn House Office…

House to Consider Financial Innovation and Technology for the 21st Century Act

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Today, the House Committee on Rules publicly noticed its intent to consider the Financial Innovation and Technology for the 21st Century (FIT21) Act, clearing a pathway for a floor vote later this month. The FIT for the 21st Century Act is an important first step towards achieving regulatory clarity for digital assets. FIT21 provides the robust, time-tested consumer protections and…

McHenry Delivers Remarks on the House Floor in Support of Resolution to Overturn SEC’s SAB 121

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), delivered remarks on the House floor in support of H.J.Res. 109, “Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to ‘Staff Accounting Bulletin No. 121.’”   H.J.Res. 109…

HEARING NOTICE: Oversight of Prudential Regulators

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Full Committee Hearing Entitled: “Oversight of Prudential Regulators” Time: 10:00 AM ET Date: Wednesday, May 15, 2024 Place: 2128 Rayburn House Office Building Additional information regarding the hearing—including the livestream, committee memo, relevant…

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