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McHenry Statement on Senate Banking Housing Finance Reform Outline

| Posted in Press Releases

WASHINGTON – Today, Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, issued the following statement in response to Senate Banking Committee Chairman Mike Crapo’s (R-ID) recently released outline for housing finance reform legislation: “It is critical we explore all paths toward responsibly ending the government sponsorship of Fannie Mae…

McHenry Examines Chinese Attempt to Use Complex Financing Scheme to Obtain Restricted Satellite Technology

| Posted in Press Releases

WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent a letter requesting information from Boeing Co. to shed light on a potential attempt by the Chinese government to skirt U.S. laws to obtain restricted satellite technology. In the letter, Ranking Member McHenry detailed the intended 2016 sale of a Boeing satellite to Los…

House Member Presses Boeing on China-Backed Satellite Deal

| Posted in In Case You Missed It

The ranking GOP member of the House Financial Services Committee requested Boeing Co.BA +0.24% turn over documents about its relationship with a Chinese-backed satellite startup, adding to pressure on the aerospace giant after a Wall Street Journal investigation. In the letter sent Thursday, Rep. Patrick McHenry told Boeing that the committee was trying to…

McHenry Announces Republican Financial Services Subcommittee Assignments

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WASHINGTON – Following today’s House Financial Services Committee Organizational Meeting, Ranking Member Patrick McHenry (NC-10), announced Republican subcommittee assignments for the 116th Congress. “The committee took another important step toward organizing in the new Congress and I look forward to working with each of my Republican Colleagues in their new roles,” said Ranking Member…

House advances three bills to improve financial oversight

| Posted in In Case You Missed It

The U.S. House of Representatives advanced three bills that seek to foster better financial oversight of potential bad actors and illegal activities.   One of the bills is the Promoting Transparent Standards for Corporate Insiders Act (H.R. 624), sponsored by House Financial Services Chair Rep. Maxine Waters (D-CA) and Ranking Member Rep. Patrick McHenry (R-NC). This bill would…

House Passes Three Bipartisan Financial Services Bills

| Posted in Press Releases

WASHINGTON – Today, the U.S. House of Representatives overwhelmingly passed three bipartisan House Financial Services Committee bills geared toward responsible oversight to protect the American people. The Promoting Transparent Standards for Corporate Insiders Act, H.R. 624, sponsored by Chairwoman Maxine Waters (CA-43) and Ranking Member Patrick McHenry (NC-10), protects ‘Mom and Pop’…

Republican Congressman Ranks Cybersecurity, FinTech High on the Priority List

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Patrick McHenry says the House should look closely at the effectiveness of regulators' fintech innovation initiatives, as well as the industry's readiness to protect personal information. Congressman Patrick McHenry (R-N.C.) is calling on the House Financial Services Committee to hold hearings in the next couple months on issues he believes are critical to regulating the financial…

McHenry pushes for financial services hearings, Deutsche Bank records

| Posted in In Case You Missed It

While most of the focus concerning the House Financial Services Committee in recent weeks has been on the return of Democratic leadership, Rep. Patrick McHenry (R-N.C.) is doing his best to ensure his party’s perspective. This week, the Republican leader of the Committee sent a letter to Chairwoman Maxine Waters (D-Calif.) requesting hearings in “critical areas that the committee should…

Fintech in Brief: Ranking Member McHenry Calls for House Financial Services Committee Hearing on Financial Innovation

| Posted in In Case You Missed It

Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, recently requested in a January 22, 2019 letterto Congresswoman Maxine Waters (D-CA), Chairwoman of the Financial Services Committee, among other topics, a hearing on the regulation of Fintech as a means of ensuring all consumers have “fair and transparent access to the financial products…

McHenry Seeks Answers from Deutsche Bank on Efforts to Stop Illegal Financial Transactions

| Posted in Press Releases

WASHINGTON – Today, Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent Deutsche Bank Chief Executive Officer, Christian Sewing, a letter initiating an investigation into the Bank’s anti-money laundering operations. Ranking Member McHenry detailed the past “compliance deficiencies” within the Bank’s system to prevent and detect illegal…

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