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Barr, Huizenga Demand Gruenberg Recuse Himself from Independent Investigation, Produce Documents and Witnesses for Testimony

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Following the announcement of Committee Republicans’ investigation into allegations of misconduct at the Federal Deposit Insurance Corporation (FDIC), the Chairman of the Financial Institutions and Monetary Policy Subcommittee, Rep. Andy Barr (KY-06), and Chairman of the Oversight and Investigations Subcommittee, Rep. Bill Huizenga (MI-04), sent letters to FDIC Chair Martin Gruenberg…

HEARING NOTICE: The Semi-Annual Report of the Bureau of Consumer Financial Protection

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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 Semi-Annual Report of the Bureau of Consumer Financial Protection” Time: 10:00 AM ET Date: Wednesday, November 29, 2023 Place: 2128 Rayburn House Office Building Additional information regarding the…

Financial Services Committee Republicans Launch Investigation into Gruenberg Misconduct, Toxic Workplace at FDIC

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), and the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), sent a letter to FDIC Chairman Martin Gruenberg informing him of the Committee’s investigation into…

McHenry: Chairman Gruenberg Has a Lot of Explaining to Do

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding allegations of widespread and entrenched misconduct within the Federal Deposit Insurance Corporation (FDIC), including by Chairman Martin Gruenberg.   “Chairman Gruenberg has a lot of explaining to do. Yesterday, he initially…

McHenry, Lummis, Colleagues Urge Prudential Regulators Not to Enforce SAB 121

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The Chairman of the House Financial Services Committee, Patrick McHenry (R-NC), and Senator Cynthia Lummis (R-WY) led a letter with a bipartisan group of colleagues to the prudential regulators—the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board of Governors (Fed), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union…

McHenry to Prudential Regulators: The Stakes are Too High to Take Your Eye Off the Ball—Focus on Safety, Soundness, and Stability of Financial System

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing to conduct oversight of the prudential regulators. Republican lawmakers will address the regulators’ harmful Basel III endgame proposal, ceding of regulatory authority to global governance bodies, failure to adhere to statutory rulemaking processes, and a trend towards…

McHenry, Emmer, Hill, Torres Lead Bipartisan Fact-Finding Mission into Crypto Terrorist Fundraising

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Today, House Financial Services Committee Chairman Patrick McHenry (NC-10), Majority Whip Tom Emmer (MN-06), Digital Asset Subcommittee Chairman French Hill (AR-02), and Congressman Ritchie Torres (NY-15) led 53 of their colleagues on a bipartisan letter to President Biden and Treasury Secretary Janet Yellen to inquire into the size, scope, and duration of Hamas’s crypto…

Hill Delivers Remarks at Hearing on Breaking Down the 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: Breaking Down the Illicit Activity in Digital Assets.”   Watch Chairman Hill’s opening remarks here.   Read Chairman Hill’s opening remarks as…

McHenry, Torres Lead Bipartisan Letter Urging Treasury to Revise Proposed Regulations for Digital Asset Tax Reporting Requirements

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10) and Congressman Ritchie Torres (NY-15), led a bipartisan group of lawmakers in a letter to the United States Department of the Treasury (Treasury) urging the agency to revise its proposed implementation of unworkable digital asset tax reporting requirements as enacted in the Infrastructure Investment…

McHenry, Huizenga, Barr Demand OIG Briefing on FDIC’s Workplace Culture

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), and the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06) sent a letter to the Office of the Inspector General (OIG) for the Federal Deposit Insurance Corporation (FDIC). In…

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