Confronting the generational threat posed by the Chinese Communist Party (CCP) has been a top priority for the House Financial Services Committee under Republican leadership. Building on Financial Services Republicans’ work in the 117th Congress, the Committee has used hearings, legislation, and letters to lead House Republicans’ efforts to stand up to the CCP.
Financial… Read more »
Today, the U.S. House of Representatives passed bipartisan financial services legislation to combat the economic threat from China by deterring Chinese Communist Party (CCP) aggression towards Taiwan and preventing the CCP from co-opting international financial institutions, like the International Monetary Fund (IMF).
The financial services bills passed by the House… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:
Financial Institutions and Monetary Policy Subcommittee Hearing Entitled: “Transparency in Global Governance”
Time: 10:00 AM ET
Date: Wednesday, September 11, 2024
Place: 2128 Rayburn House Office Building
Additional information… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:
Digital Assets, Financial Technology and Inclusion Subcommittee Hearing Entitled: “Decoding DeFi: Breaking Down the Future of Decentralized Finance”
Time: 10:00 AM ET
Date: Tuesday, September 10, 2024
Place: 2128 Rayburn House Office… Read more »
House Financial Services Committee Chairman Patrick McHenry (NC-10) was joined by all six subcommittee chairmen in a letter to U.S. Treasury Secretary Janet Yellen in response to Treasury’s Request for Information (RFI) on Artificial Intelligence (AI) in financial services. The lawmakers explain that AI holds great potential for the financial services sector and financial… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), sent a comment letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra with Financial Services Committee Republicans in response to the CFPB’s Notice of Proposed Rulemaking (NPRM) regarding the agency’s proposal to upend American credit and health care systems.… Read more »
All Financial Services Committee Republicans—led by Chairman Patrick McHenry (NC-10)—sent a letter to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg demanding his immediate resignation. Despite announcing his intent to resign, Chair Gruenberg continues to push partisan regulatory initiatives while failing to take appropriate steps to address the widespread and… Read more »
Today, the Republican Environmental, Social, and Governance (ESG) Working Group—led by Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04)—released its final staff report. This report is the culmination of the Working Group’s comprehensive examination of the factors contributing to the rise of ESG initiatives and the consequences for everyday investors, in… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), was joined by all Committee Republicans in a letter to Federal Reserve Chairman Jerome Powell. The lawmakers are demanding that the Fed withdraw and re-propose the misguided Basel III Endgame rulemaking in its entirety, given the substantial changes to its original form. The letter follows… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), named Kim Betz as the new staff director for the Committee.
“I’m proud to announce Kim Betz as my next staff director at the House Financial Services Committee,” said Chairman McHenry. “Kim has been my close confidant and a top advisor for the entirety of my tenure leading… Read more »
