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McHenry, Thompson, Hill, Johnson Press Yellen on FSOC’s Calls to Fill Regulatory Gaps in Spot Market for Non-Security Digital Assets

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), Chairman of the House Committee on Agriculture, Glenn “GT” Thompson (PA-15), Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02), and the Chairman of the Commodity Markets, Digital Assets, and Rural Development Subcommittee, Dusty Johnson…

McHenry, Barr Probe Federal Reserve Regional Banks’ Ties to Unaccountable Global Governance Organizations

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Chairman of the Financial Institutions and Monetary Policy Subcommittee, Andy Barr (KY-06), sent letters to Federal Reserve Bank of San Francisco  President Mary Daly and Federal Reserve Bank of New York President John Williams regarding their banks’ ongoing…

McHenry, Barr, Hill Denounce FDIC’s Lack of Guidance for FinTech Firms and Financial Innovation

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), Chairman of the Financial Institutions and Monetary Policy Subcommittee, Andy Barr (KY-06), and Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02) sent a letter to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg…

Barr Delivers Opening Remarks at Hearing to Examine Insufficient Analysis in the Biden Administration’s Basel III Endgame Proposal

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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 “Rules Without Analysis: Federal Banking Proposals Under the Biden Administration.”   Watch Chairman Barr’s opening remarks here.   Read Chairman Barr’s opening remarks as prepared for…

Financial Services Republicans, Experts Tout Merits of Sanctions & Entity-Based Approach to Restricting U.S. Investment in the CCP’s Military-Industrial Complex

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This week, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), held a hearing entitled “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes.” At the hearing lawmakers…

Bipartisan Agreement: Basel III Endgame Proposal’s Lack of Analysis Leaves Economy Vulnerable

| Posted in Press Releases

Today, the Subcommittee on Financial Institutions and Monetary Policy held a hearing on the lack of economic analysis in the Biden Administration’s massive overhaul of bank capital requirements, also known as the Basel III Endgame. Considering the proposal’s significant impact on the availability of affordable credit for families, small businesses, homebuyers, farmers, and…

Luetkemeyer Delivers Remarks at Hearing on Strengthening U.S. Sanctions Against the CCP

| Posted in Press Releases

Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), is holding a hearing entitled “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes.”   Watch Chairman Luetkemeyer’s opening…

McHenry, Hill, Flood Urge CFPB to Revisit Digital Consumer Payment Proposed Rule

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, Rep. French Hill (AR-02), and Rep. Mike Flood (NE-01) sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra regarding the Bureau’s proposed rule “Defining Larger Participants of a…

HEARING NOTICE: The Annual Report of the Financial Stability Oversight Council

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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: “The Annual Report of the Financial Stability Oversight Council” Time: 10:00 AM ET Date: Tuesday, February 6, 2024 Place: 2128 Rayburn House Office Building  Additional information regarding the…

HEARING NOTICE: Subcommittee on Financial Institutions and Monetary Policy

| Posted in Press Releases

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   Financial Institutions & Monetary Policy Subcommittee Hearing Entitled: “Rules Without Analysis: Federal Banking Proposals Under the Biden Administration” Time: 10:00 AM ET Date: Wednesday, January 31, 2024 Place: 2128 Rayburn House Office…

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