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Davidson Delivers Remarks at Hearing on Cutting Through Government Red Tape in Housing

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Today, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Warren Davidson (OH-08), is holding a hearing entitled “Housing Solutions: Cutting Through Government Red Tape.”   Watch Chairman Davidson’s opening remarks here.   Read Chairman Davidson’s opening remarks as prepared for delivery: “Today’s…

POSTPONED: Subcommittees on Oversight and Investigations & Digital Assets, Financial Technology and Inclusion

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Today, the House Financial Services Committee announced the postponement of the following hearings: **POSTPONED: Oversight and Investigations Subcommittee Hearing Entitled: “The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors” Time: 10:00 AM ET Date: Tuesday, July 30, 2024 Place: 2128…

McHenry: Artificial Intelligence Holds the Promise to Enhance—Not Replace—Human Progress

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing on artificial intelligence (AI) applications in financial services and housing. Committee members will consider existing and growing AI use cases across these industries—including the range of benefits and potential risks the technology poses—and the hurdles to…

HEARING NOTICE: Subcommittees on Oversight and Investigations & 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: Oversight and Investigations Subcommittee Hearing Entitled: “The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors” Time: 10:00 AM ET Date: Tuesday, July 30, 2024 Place:…

House Passes Bipartisan Financial Services Legislation to Combat Illicit Finance, Bring Accountability to HUD

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Today, the U.S. House of Representatives passed bipartisan financial services legislation to combat the use of financial technology for illicit finance and bring long overdue accountability to the Department of Housing and Urban Development (HUD). The financial services bills passed by the House include:  H.R. 2969, the “Financial Technology Protection Act of 2023,”…

Chair McHenry, Ranking Member Waters, Representatives Hill and Lynch Release Bipartisan AI Working Group Staff Report

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and Ranking Member Maxine Waters (CA-43) released a staff report from 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…

HEARING NOTICE: Subcommittee on Housing and Insurance

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Housing and Insurance Subcommittee Hearing Entitled: “Housing Solutions: Cutting Through Government Red Tape” Time: 10:30 AM ET Date: Wednesday, July 24, 2024 Place: 2128 Rayburn House Office Building Additional information regarding the…

HEARING NOTICE: AI Innovation Explored: Insights into AI Applications in Financial Services and Housing

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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: “AI Innovation Explored: Insights into AI Applications in Financial Services and Housing”   Time: 10:00 AM ET Date: Tuesday, July 23, 2024 Place: 2128 Rayburn House Office Building    Additional…

Barr Delivers Remarks at Field Hearing on Leveraging Third-Party Relationships to Increase Access to Financial Services

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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 field hearing in Lexington, Kentucky entitled “Financial Institution-Fintech Partnerships: Leveraging Third-Party Relationships to Increase Access to Financial Services.” Watch Chairman Barr’s opening…

McHenry to Chair Powell: Fed Independence Remains at Risk. And Unfortunately, the Calls are Coming from Inside the Building

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Today, the House Financial Services Committee is holding its semi-annual hearing with Federal Reserve Chairman Jerome Powell. As Democrat-induced inflation continues to crush American families, Republicans are urging Chair Powell to reject politicization at the Fed through disastrous proposals like Basel III Endgame.   Watch Chairman McHenry’s opening…