Today, the House Financial Services Committee is holding a markup of H.R. 1731, H.R. 2445, H.R. 4545, H.R. 5287, H.R. 5294, H.R. 5332, H.R. 5330, H.R. 5322, H.R. 5315, and resolutions to extend the Task Forces on Artificial Intelligence and Financial Technology.
Ranking Member Patrick McHenry’s opening remarks as delivered:
“Thank you, Chairwoman Waters, and thank you for holding this… Read more »
Today, the House Financial Services Committee held a hearing with Secretary of the Treasury Steven Mnuchin in his role as Chairman of the Financial Stability Oversight Council (FSOC) to discuss the Council’s work to identify and mitigate risks facing the U.S. financial system.
At the hearing, Committee Republicans expressed their concerns on issues including Democrats’ harmful financial… Read more »
WASHINGTON –Today, the House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act. As a result of an amendment offered by the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and accepted by the House, the bill received bipartisan support. While H.R. 2534 as amended does not include all Republican priorities, including an exclusivity… Read more »
WASHINGTON –Today, the House Financial Services Committee is holding a hearing with prudential regulators, including Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, Randal Quarles; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; and Chair of the National Credit Union Administration, Rodney Hood.
… Read more »
Today, every Republican member of the House Financial Services Committee signed a letter to Chairwoman Maxine Waters (CA-43) expressing concern with the process by which documents, containing private American citizens’ personal financial information, may be transmitted to the House Judiciary Committee as part of the ongoing impeachment investigation. These documents were obtained through… Read more »
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 »
