Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:
Capital Markets Subcommittee Hearing Entitled: “Oversight of the SEC’s Division of Investment Management”
Time: 10:00 AM ET
Date: Tuesday, September 19, 2023
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:
Financial Institutions and Monetary Policy Subcommittee Hearing Entitled: “Implementing Basel III: What’s the Fed’s Endgame?”
Time: 10:00 AM ET
Date: Thursday, September 14, 2023
Place: 2128 Rayburn House Office Building
Additional… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:
Full Committee Hearing Entitled: “Oversight of the Committee on Foreign Investment in the United States (CFIUS) and Other Efforts to Strengthen National Security in the United States”
Time: 10:00 AM ET
Date: Wednesday, September 13,… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), released a statement in response to actions taken at the August Federal Deposit Insurance Corporation (FDIC) board meeting.
“Under Chair Gruenberg’s leadership the FDIC is more focused on exploiting recent bank failures to push pre-determined outcomes than preventing future turmoil in our banking… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Vice Chairman of the Financial Services Committee and Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02), and the Chairman of the Oversight and Investigations Subcommittee, Bill Huizenga (MI-04), sent a letter to Federal Reserve… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the Treasury Department and the Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking on digital asset reporting requirements from the Infrastructure Investment and Jobs Act.
“The notice of proposed rulemaking on digital asset… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and Chairman of the Capital Markets Subcommittee, Ann Wagner (MO-02), sent a letter to the Public Company Accounting Oversight Board (PCAOB) urging the Board to reevaluate the proposed changes in its Exposure Draft regarding Company Noncompliance with Laws and Regulations (NOCLAR) standards. The… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Securities and Exchange Commission (SEC) voted to approve a new rule regarding private fund management.
“Once again, Chair Gensler’s SEC is exceeding its statutory authority to impose onerous and costly mandates—this time on private funds,” said… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), led Republicans on the House Financial Services Committee in sending letters to Financial Industry Regulatory Authority (FINRA) President and CEO Robert Cook and Securities and Exchange Commission (SEC) Chair Gary Gensler regarding the approval of Prometheum Ember Capital LLC as the first and only special… Read more »
By Brian Brooks and Charles W. Calomiris
Stablecoins, blockchain-based assets backed by bank deposits and Treasury securities, are at the heart of a dollar-based revolution happening throughout the developing world. Their price is supposed to stay steady, often at $1. Think of them as digital versions of prepaid cards with the potential to be important tools of American soft… Read more »
