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HEARING NOTICE: Subcommittee on National Security, Illicit Finance, and International Financial Institutions

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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: “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes” Time: 10:00 AM ET Date: Tuesday,…

Huizenga Delivers Remarks at Hearing to Conduct Oversight of the SEC’s Proposed Climate Disclosure Rule

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Today, the House Financial Services Subcommittee on Oversight and Investigations, led by Chairman Bill Huizenga (MI-04), is holding a hearing entitled “Oversight of the SEC’s Proposed Climate Disclosure Rule: A Future of Legal Hurdles.”   Watch Chairman Huizenga’s opening remarks here.   Read Chairman Huizenga’s opening…

McHenry, Barr Bash Harmful CFPB Overdraft Proposal

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) proposed rule regarding overdraft fees. “The proposed rule issued today by the CFPB would…

Luetkemeyer Delivers Remarks at Hearing to Examine the International Financing of Nuclear Energy

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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 “International Financing of Nuclear Energy.”   Watch Chairman Luetkemeyer’s opening remarks here. Read Chairman Luetkemeyer’s opening…

TIME CHANGE: National Security, Illicit Finance, and International Financial Institutions Subcommittee

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced a change to the following hearing:    TIME CHANGE: National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing Entitled: “International Financing of Nuclear Energy”   Time: 2:00 PM ET Date: Wednesday, January 17, 2024 Place:…

House Passes Slate of Bipartisan Financial Services Legislation to Strengthen U.S. National Security

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 Today, the U.S. House of Representatives passed five pieces of bipartisan financial services legislation to bolster our national security by confronting the generational economic threat posed by the Chinese Communist Party’s (CCP), combatting terrorism financing, and decreasing global reliance on Russian agriculture exports. The financial services bills passed by the House…

McHenry to Secretary Fudge: Congress Will Carry Out Its Oversight Duties, We Will Get the Answers the American People Deserve

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing featuring Housing and Urban Development (HUD) Secretary Marcia Fudge. Republicans are holding Secretary Fudge accountable for her routine avoidance of numerous requests to appear before the committee, HUD’s treatment of disabled veterans, and the Department’s gross lack…

McHenry, Waters Announce Creation of Bipartisan AI Working Group

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and Ranking Member Maxine Waters (CA-43) announced the formation of the Committee’s bipartisan Working Group on Artificial Intelligence (AI), led by Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02) and Subcommittee Ranking Member Stephen F. Lynch…

HEARING NOTICE: Subcommittee on Oversight and Investigations

| Posted in Press Releases

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:    Oversight and Investigations Subcommittee Hearing Entitled: “Oversight of the SEC’s Proposed Climate Disclosure Rule: A Future of Legal Hurdles” Time: 10:00 AM ET Date: Thursday, January 18, 2024 Place: 2128 Rayburn House Office…

New Year, More Burdensome Red Tape for American Small Businesses

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On January 1, 2024, new beneficial ownership information (BOI) reporting requirements went into effect. The reporting requirements were implemented under the Corporate Transparency Act (CTA), which was designed to strengthen national security tools by identifying shell companies that may be used for illicit activity. The goal of the CTA was to balance the national security interests of…

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