Amid bipartisan backlash against Libra, Facebook’s new cryptocurrency project, some House Republicans are urging Congress to keep an open mind about emerging technologies.
The top Republican on the House Financial Services committee warned his colleagues not to make Facebook a “political talking point,” as Facebook faced a second day of questions and criticism from lawmakers on… Read more »
Congressman Patrick McHenry, Ranking Member on the House Financial Services Committee, told his fellow members at the Libra hearing today to “go beyond the headlines” when probing Facebook’s project to create a global payment ecosystem.
The hours-long hearing saw David Marcus, head of Libra, hammered with many tough questions.
While many of the Representatives voiced support for… Read more »
Rep. Patrick McHenry (R-North Carolina) discusses hearings with Facebook and thoughts on their digital currency. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas."
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Rep. Patrick McHenry (R-N.C.), ranking member of the Financial Services Committee, joins "Squawk Box" to discuss the tech hearing on Capitol Hill.
Rep. Patrick McHenry: 'There's no capacity to kill Bitcoin' from CNBC. Read more »
WASHINGTON – House Financial Services Committee Democrats brought several pieces of legislation before the full committee for a markup. In all, ten bills were considered, six of which addressed diversity and inclusion and housing, receiving bipartisan support.
However, the remaining four bills to amend the Fair Credit Reporting Act (FCRA), received solely Democrat, partisan backing.… Read more »
WASHINGTON – Today, the House Financial Services Committee held its semi-annual hearing with Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy.
Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks highlighting the positive economic trends as a result of Republican tax cuts and regulatory reform. To ensure continued… Read more »
Fed Chair Jay Powell is set to testify later Wednesday morning in front of the House Financial Services Committee as well as the Senate Banking Committee on Thursday. Rep. Patrick McHenry (R-N.C.), who is the ranking member of the Financial Services Committee, joins "Squawk Box" to discuss what he expects from the hearings.
Rep. Patrick McHenry on Fed independence, whether… Read more »
WASHINGTON – Today, the U.S. House of Representatives advanced two Republican-led Financial Services bills: H.R. 2919, the “Improving Investment Research for Small and Emerging Issuers Act,” introduced by Congressman Bill Huizenga (MI-02), and H.R. 3050, the “Expanding Investment in Small Businesses Act of 2019,” introduced by Congressman Bryan Steil (WI-01).
Each bill requires the… Read more »
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Trump signed H.R. 3151, the Taxpayer First Act of 2019 into law. This legislation included provisions from H.R. 2007, the IRS Data Verification Modernization Act of 2019, introduced by Ranking Member McHenry and Congressman Earl… Read more »
The simulation of human intelligence processes by computer systems is not without both benefits and challenges, said U.S. Rep. French Hill (R-AR), ranking member of the U.S. House Financial Services Committee Task Force on Artificial Intelligence (AI), during its first meeting on Wednesday.
“Over the next few months, I look forward to working with my colleagues on both sides of the aisle… Read more »
