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McHenry Reintroduces Legislation to Foster Greater Innovation in Financial Services

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To ensure the United States continues to lead the world in financial innovation, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), reintroduced the Financial Services Innovation Act. This legislation establishes federal regulatory “sandboxes” through Financial Services Innovation Offices (FSIOs) at federal financial regulators, allowing…

Davidson Delivers Remarks at Housing and Insurance Subcommittee Field Hearing

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Today, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Warren Davidson (OH-08), is holding a field hearing entitled “Restoring Prosperity in American Communities: Examining the Failures of Status Quo Housing Policy.”   Watch Chairman Davidson’s opening remarks here.   Read Chairman Davidson’s opening…

Barr Delivers Remarks at Hearing to Examine Issues with the Fed Discount Window and Emergency Lending

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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 “Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending.”   Watch Chairman Barr’s opening remarks here.   Read Chairman Barr’s opening remarks as prepared for…

Hill Delivers Remarks at Hearing to Examine Approaches to Combat Illicit Activity in Digital Assets

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Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, led by Chairman French Hill (AR-02), is holding a hearing entitled “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.”   Watch Chairman Hill’s opening remarks here.   Read Chairman Hill’s opening remarks as…

FIELD HEARING NOTICE: Subcommittee on Housing and Insurance Field Hearing

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following field hearing:   Housing and Insurance Subcommittee Field Hearing Entitled: “Restoring Prosperity in American Communities: Examining the Failures of Status Quo Housing Policy”   Time: 10:00 AM ET Date: Thursday, February 22, 2024 Place: Rockland County…

McHenry to Treasury Officials: Until FinCEN Can Show Congress it Can do its Current Job, I’m Skeptical of Providing Greater Authorities and Resources

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing with Treasury Department officials from the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI). Republicans are conducting oversight of FinCEN and TFI, including implementation of the Corporate Transparency Act’s…

HEARING NOTICE: Subcommittees on Financial Institutions and Monetary Policy & Digital Assets, Financial Technology and Inclusion

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:   Financial Institutions and Monetary Policy Subcommittee Hearing Entitled: “Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending” Time: 10:00 AM ET Date: Thursday, February 15, 2024 Place: 2128 Rayburn House Office…

HEARING NOTICE: Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   Full Committee Hearing Entitled: “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)” Time: 10:00 AM ET Date: Wednesday, February 14, 2024 Place: 2128 Rayburn House Office…

McHenry to Yellen: Under the Current Leadership, We’ve Seen FSOC Expand its Regulatory Reach to Fit the Administration’s Political Priorities

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing with Treasury Secretary Janet Yellen on the annual report of the Financial Stability Oversight Council (FSOC). Republicans are bringing much-needed accountability to Secretary Yellen’s FSOC for its failure to fulfill its statutory mission of identifying and responding to…

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