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House Financial Services Committee Advances Regulatory Oversight, Financial Innovation Legislation to Full House for Consideration

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), reported 13 pieces of legislation out of Committee to the full House for consideration. Included among the measures is a slate of Congressional Review Act (CRA) resolutions to nullify a series of gross regulatory oversteps on the part of Biden’s regulators. The Committee…

Vice Chair Kim Delivers Remarks at Hearing to Examine How Ransomware Endangers Our Financial System

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Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Subcommittee Vice Chair Young Kim (CA-40), is holding a hearing entitled “Held for Ransom: How Ransomware Endangers Our Financial System.”   Watch Vice Chair Kim’s opening remarks here.   Read Vice Chair Kim’s…

House Passes Slate of Bipartisan Financial Services Legislation to Hold Iran Accountable for Acts of International Aggression

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The U.S. House of Representatives passed four pieces of bipartisan financial services legislation to hold Iran accountable for acts of international aggression and financing of terrorism. The financial services bills passed by the House include:  H.R. 5923, the "Iran-China Energy Sanctions Act of 2023," sponsored by Rep. Mike Lawler (NY-17), expands the secondary sanctions regime…

Barr Delivers Remarks at Hearing to Review CFPB Financial Reporting & Transparency

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Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr (KY-06), is holding a hearing entitled “Agency Audit: Reviewing CFPB Financial Reporting & Transparency.”   Watch Chairman Barr’s opening remarks here.   Read Chairman Barr’s opening remarks as prepared for…

McHenry on H.R. 6323: When it Comes to Iran, the Status Quo is Simply Unsustainable

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), led debate on the House floor in support of H.R. 6323, the Iran Counterterrorism Act of 2023.  H.R. 6323, sponsored by Rep. Young Kim (CA-40), requires Iran to cease support for acts of international terrorism as a condition for the President to waive secondary sanctions imposed on the…

Rep. Kim Testifies in Support of the Iran Counterterrorism Act of 2023

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Today, Representative Young Kim (CA-40) appeared before the House Committee on Rules to speak in support of her bill, H.R. 6323, the Iran Counterterrorism Act of 2023. H.R. 6323 requires Iran to cease support for acts of international terrorism as a condition for the President to waive secondary sanctions imposed on the regime in Tehran. The bill also provides for a…

MARKUP NOTICE: Full Committee Markup of Various Regulatory Oversight Measures

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following markup:   Full Committee Markup of H.R. 5535, H.R. 802, H.R. 7437, H.R. 7440, H.R. 7428, H.R. 4206, H.R. 4116, H.J. Res. 127, H.J. Res. 122, H.J. Res. 120, H.J. Res. 125, H.J. Res. 126, H.J. Res. 124   Time: 10:00 AM ET Date: Wednesday, April 17,…

Chairman McHenry, Rep. Pettersen Reintroduce Bill to Protect America’s Critical Financial Infrastructure from Ransomware Attacks

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House Financial Services Committee Chairman Patrick McHenry (R-NC) and U.S. Representative Brittany Pettersen (D-CO) today introduced the bipartisan Ransomware and Financial Stability Act. This legislation will protect the critical financial infrastructure that makes daily economic activity possible by deterring hackers and setting commonsense guide rails for financial institutions…

McHenry: The SEC’s Final Climate Disclosure Rule Would Be Catastrophic for Our Markets and American Competitiveness

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing on the Securities and Exchange Commission’s (SEC) disastrous climate risk disclosure final rule. Republicans will examine the numerous consequences of this fatally flawed rule which exceeds the agency’s authority, threatens our economy, and overwhelms investors with…

HEARING NOTICE: Subcommittees on National Security, Illicit Finance, and International Financial Institutions & Financial Institutions and Monetary Policy

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing Entitled: “Held for Ransom: How Ransomware Endangers Our Financial System”   Time: 10:00 AM ET Date: Tuesday, April 16, 2024 Place: 2128 Rayburn…

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