News List

The House Financial Services Committee invited Facebook to testify at a July hearing about its cryptocurrency plans. Ranking Republican on the committee Congressman Patrick McHenry (R-N.C.) joins "Squawk Box" to discuss. Read more »

Rep. Patrick McHenry wants to know about Facebook’s plans for its cryptocurrency. “There are so many open questions here, and I think we should actually be better informed,” he says. Facebook announces on Tuesday it will launch its cryptocurrency in 2020. Rep. Patrick McHenry has questions about Facebook’s plan for its cryptocurrency. The Republican from North… Read more »

WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), called on Chairwoman Maxine Waters (CA-43) to hold a hearing on Facebook’s new global cryptocurrency project, “Project Libra.” In his letter, he highlights the potential for this new technology to foster “financial inclusion and faster payments,” but stated many questions remain, and… Read more »

WASHINGTON, D.C. -- Lawmakers on Capitol Hill are working on a five-year extension to the National Flood Insurance Program (NFIP). Earlier this week, a compromise plan advanced out of a House committee with unanimous, biptartisan support - the first step on Capitol Hill for the legislation. For years now, the program aimed at keeping people afloat after a flood has been on… Read more »

WASHINGTON – Today, the House Financial Services Committee passed two pieces of bipartisan legislation to reauthorize the National Flood Insurance Program (NFIP) through September 30, 2024 and implement much-needed reforms to the outdated program. Watch Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), deliver remarks in support of the bipartisan NFIP… Read more »

Bipartisan bill aims to spur private flood insurance and lower costs for lower-income homeowners   WASHINGTON—Lawmakers in the House advanced a bipartisan plan to overhaul the federal flood-insurance program, which has struggled to keep pace with record disaster payouts in recent years. The bill, approved unanimously Wednesday by the House Financial Services Committee, aims to… Read more »

WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), delivered the following opening remarks today at a committee markup of: H.R. 2162, H.R. 2513, H.R. 2763, H.R. 3018, H.R. 3111, H.R. 3141, H.R. 3154, and the “National Flood Insurance Program Reauthorization Act of 2019.” Ranking Member Patrick McHenry’s opening remarks as delivered: “I… Read more »

GOP Leaders of Financial Services Panel Lay Out Top Priorities for This Year WASHINGTON, DC — The Ripon Society hosted a breakfast discussion Wednesday morning with the Ranking Member and subcommittee Ranking Members of the House Financial Services Committee, who discussed the legislative approach they are taking in the 116th Congress and some of the top legislative priorities they… Read more »

WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the U.S. Securities and Exchange Commission’s (SEC) finalization of a package of rulemakings and interpretations on financial advice for retail investors including its Regulation Best Interest (Reg BI) rule: “Protecting everyday investors who… Read more »

WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), called for the modernization and diversification of the more than 80-year-old U.S. Export-Import (Ex-Im) Bank. He highlighted the increased focus of the Bank today as “a tool of our national interests, and even our national security interests,” in light of China’s “unparalleled… Read more »