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McHenry Statement on Treasury’s Outbound Investment Proposed Rule

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Department of the Treasury’s notice of proposed rulemaking (NPRM) implementing the White House’s Executive Order on outbound U.S. investment to China: “This rulemaking appears to be a step in the right direction, and I look…

HEARING NOTICE: Subcommittees on National Security, Illicit Finance, and International Financial Institutions & Capital Markets

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings: National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing Entitled: “The Role of the Export-Import (Ex-Im) Bank of the United States Amid Intensifying Economic Competition with China” Time: 10:00 AM…

HEARING NOTICE: Subcommittees on Housing and Insurance & Financial Institutions and Monetary Policy

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings: Housing and Insurance Subcommittee Hearing Entitled: “Housing Oversight: Testimony of the HUD and FHFA Inspectors General” Time: 10:00 AM ET Date: Wednesday, June 26, 2024 Place: 2128 Rayburn House Office Building Additional information regarding the…

McHenry to CFPB Director Chopra: This So-Called Independent Agency Has Become an Arm of President Biden’s Political Operation

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. Republicans are taking Director Chopra’s CFPB to task for its politicized agenda and unaccountability.   Watch Chairman McHenry’s opening remarks here.   Read Chairman McHenry’s…

McHenry Statement on Nomination of Christy Goldsmith Romero to Succeed Disgraced FDIC Chair Martin Gruenberg

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Today, House Financial Services Committee Chairman Patrick McHenry (NC-10) issued a statement after the White House announced its intent to nominate Christy Goldsmith Romero to succeed Martin Gruenberg as Chair of the Federal Deposit Insurance Corporation (FDIC) following widespread reports of toxic workplace culture and misconduct at the agency under his…

Financial Services & General Government Appropriations Legislation Includes Key Committee Republican Priorities

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Today, the House Committee on Appropriations will consider Financial Services General Government (FSGG) appropriations legislation at a full committee markup. The fiscal year (FY) 2025 bill includes several Committee Republican priorities to rein in Biden’s rogue financial regulators, restore fiscal responsibility, and protect Americans’ financial privacy. Read an overview of…

McHenry at Hearing to Conduct Oversight of the FDIC: “Deep Institutional Changes at the FDIC are Needed Now, Not Later”

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Today, the House Financial Services Committee is holding a hearing to conduct oversight of the Federal Deposit Insurance Corporation’s (FDIC) failed leadership and toxic workplace culture. Lawmakers will hear testimony from FDIC Special Review Committee Co-Chairs Michael Hsu and Jonathan McKernan, as well as independent investigators from Cleary Gottleib, as Republicans dig…

McHenry Statement on CFPB’s Proposal to Upend American Credit and Health Care Systems

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Today, House Financial Services Committee Chairman Patrick McHenry (NC-10) issued the following statement after the Consumer Financial Protection Bureau released a notice of proposed rulemaking that would prevent the consideration of medical debt when constructing credit reports: “Director Chopra is once again acting as a political arm of the White House, rather than as an…

Flood Delivers Remarks on the House Floor in Support of the Forgotten Heroes of the Holocaust Congressional Gold Medal Act

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Today, U.S. Representative Mike Flood (NE-01), led Republicans on the House floor as lawmakers debated H.R. 537, the Forgotten Heroes of the Holocaust Congressional Gold Medal Act. H.R. 537 would award the Congressional Gold Medal to 60 diplomats posthumously in recognition of their brave and vital service of saving Jews from the Nazis during the Holocaust.   Watch Rep.…

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: Thursday, June 13, 2024 Place: 2128 Rayburn House Office Building  Additional information regarding the…