A top Republican is seeking additional answers on the potential impact of a financial transaction tax on the markets and U.S. economy.
In a letter obtained by FOX Business, Ranking Member of the House Financial Services Committee Patrick McHenry asked Treasury Secretary Steven Mnuchin to analyze the effects of a new levy on stock trades -- a policy favored by several Democratic… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Treasury Secretary Steven Mnuchin urging him to conduct an in-depth analysis of the impact of a financial transaction tax (FTT) on the U.S. economy.
As several Democrats have proposed and supported this new tax, claiming it will boost revenue while only placing a burden on the… Read more »
Today, the House Financial Services Committee is holding a hearing on the role of private equity in U.S. capital markets and their impact on the American economy. Committee Democrats attached several pieces of legislation to the hearing for consideration including the House companion to Senator Elizabeth Warren’s bill, H.R. 3848. One study found that in a “modest-case scenario,” the bill… Read more »
Today, the House of Representatives passed with broad bipartisan support H.R. 4634, the “Terrorism Risk Insurance Program Reauthorization Act of 2019.” This bipartisan legislation extends the Terrorism Risk Insurance Act (TRIA) for an additional seven years and modernizes the program to meet 21st century threats.
H.R. 4634 includes Ranking Republican Patrick McHenry’s (NC-10) provision… Read more »
Today, Republicans and Democrats made clear that there is bipartisan opposition to H.R. 4863, the “U.S. Export Finance Agency Act.” The bill, introduced by Chairwoman Maxine Waters (CA-43), stripped all Republican provisions from a previously bipartisan compromise between the Chairwoman and Ranking Republican Patrick McHenry (NC-10). Most importantly, these provisions would have limited… Read more »
WASHINGTON – The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10) delivered the following opening statement at the full committee markup of H.R. 3490, H.R. 3948, H.R. 4403, H.R. 5021, H.R. 2398, H.R. 5003, H.R. 5001, H.R. 5013, and H.R. 2445, the Self-Employed Mortgage Access Act, introduced by Congressman Tom Emmer (MN-6):
“Thank you, Chairwoman… Read more »
This week, Committee Democrats abandoned an opportunity to consider a bipartisan Export-Import (Ex-Im) Bank reauthorization deal, which included provisions to combat the Communist Party of China’s abhorrent human rights abuses, military aggression, and plan to dominate the global economy.
The Committee instead held a mark up to consider Democrats’ partisan H.R. 4863, the “United States… Read more »
Today, the House Financial Services Committee passed H.R. 4458, the “Cybersecurity and Financial System Resilience Act of 2019,” a bill introduced by the top Republican on the committee, Patrick McHenry (NC-10), last month. This legislation, which passed with broad bipartisan support, will ensure regulators are prioritizing cybersecurity to combat the growing threat of cyberattacks to our… Read more »
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Today, the House Financial Services Committee will consider Democrats’ H.R. 4863, the United States Export Finance Agency Act of 2019, a partisan bill to reauthorize the Export-Import (Ex-Im) Bank. This comes after Democrats walked away from a bipartisan reauthorization… Read more »
WASHINGTON – Today, the House of Representatives passed H.R. 4860, the Crowdfunding Amendments Act. This legislation, introduced by the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), will ensure investment crowdfunding can best support American small businesses and entrepreneurs seeking to raise capital.
Ranking Member McHenry on the Crowdfunding… Read more »
