House Financial Services Committee Chairman Patrick McHenry (NC-10) was joined by all six subcommittee chairmen in a letter to U.S. Treasury Secretary Janet Yellen in response to Treasury’s Request for Information (RFI) on Artificial Intelligence (AI) in financial services. The lawmakers explain that AI holds great potential for the financial services sector and financial… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), sent a comment letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra with Financial Services Committee Republicans in response to the CFPB’s Notice of Proposed Rulemaking (NPRM) regarding the agency’s proposal to upend American credit and health care systems.… Read more »
All Financial Services Committee Republicans—led by Chairman Patrick McHenry (NC-10)—sent a letter to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg demanding his immediate resignation. Despite announcing his intent to resign, Chair Gruenberg continues to push partisan regulatory initiatives while failing to take appropriate steps to address the widespread and… Read more »
Today, the Republican Environmental, Social, and Governance (ESG) Working Group—led by Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04)—released its final staff report. This report is the culmination of the Working Group’s comprehensive examination of the factors contributing to the rise of ESG initiatives and the consequences for everyday investors, in… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), was joined by all Committee Republicans in a letter to Federal Reserve Chairman Jerome Powell. The lawmakers are demanding that the Fed withdraw and re-propose the misguided Basel III Endgame rulemaking in its entirety, given the substantial changes to its original form. The letter follows… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), named Kim Betz as the new staff director for the Committee.
“I’m proud to announce Kim Betz as my next staff director at the House Financial Services Committee,” said Chairman McHenry. “Kim has been my close confidant and a top advisor for the entirety of my tenure leading… Read more »
Today, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Warren Davidson (OH-08), is holding a hearing entitled “Housing Solutions: Cutting Through Government Red Tape.”
Watch Chairman Davidson’s opening remarks here.
Read Chairman Davidson’s opening remarks as prepared for delivery:
“Today’s… Read more »
Today, the House Financial Services Committee announced the postponement of the following hearings:
**POSTPONED: Oversight and Investigations Subcommittee Hearing Entitled: “The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors”
Time: 10:00 AM ET
Date: Tuesday, July 30, 2024
Place: 2128… Read more »
Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing on artificial intelligence (AI) applications in financial services and housing. Committee members will consider existing and growing AI use cases across these industries—including the range of benefits and potential risks the technology poses—and the hurdles to… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:
Oversight and Investigations Subcommittee Hearing Entitled: “The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors”
Time: 10:00 AM ET
Date: Tuesday, July 30, 2024
Place:… Read more »
