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Pelosi’s Partisan Wish List No Closer to Becoming Law Following Committee Hearing

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Today, the House Financial Services Committee spent nearly five hours in a hearing on Speaker Pelosi’s partisan wish list, the so-called “HEROES” Act. This legislation passed the house more than two months ago, with bipartisan opposition, and stands no chance of becoming law. The Top 10 “Greatest Hits” in Democrats’ Partisan Wish List 1.     H.R. 6800 incentivizes…

Top House Republicans Urge Administration to Hold CCP Hackers Accountable

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Today, Congressmen Michael McCaul (R-TX), Greg Walden (R-OR), and Patrick McHenry (R-NC), Republican Leaders on the House Foreign Affairs Committee, House Energy and Commerce Committee, and House Financial Services Committee sent a letter to President Trump, urging the Administration to impose consequences on China-linked hackers who have targeted U.S. institutions, including through…

McHenry Statement on OCC’s Proposed True Lender Rule

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Office of the Comptroller of the Currency’s (OCC) proposed “true lender” rule: “Today’s move by the OCC is another important step toward providing clarity to banks and non-banks on the ‘true lender’ doctrine. Clarity will foster greater innovation…

McHenry to Waters: Americans Need Us to Find Bipartisan Solutions, Not Play Politics

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Chairwoman Maxine Waters (CA-43) expressing his disappointment with Democrats’ decision to hold a hearing on the partisan H.R. 6800, the so-called HEROES Act. Despite the bill being pushed through the House by Democrats in May, the Committee will use its limited time to discuss…

McHenry Statement on Supreme Court Ruling on the President’s Financial Records

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the Supreme Court ruled to send the Trump v. Mazars case, concerning President Trump and his family’s financial records, back to lower courts for further consideration: “The Court recognized what Republicans have said all along: this was a partisan fishing…

McHenry Statement on CFPB’s Small-Dollar Lending Final Rule

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the Consumer Financial Protection Bureau (CFPB) issued its final rule on small-dollar lending: “Now more than ever, it is critical families in need have access to every option to cover unexpected costs. For millions of Americans, small-dollar, short-term…

Committee Democrats Waste Hearing on Hyper-Partisan Wish List

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Today, the Subcommittee on National Security, International Development, and Monetary Policy, led by Ranking Republican French Hill (AR-02), held a virtual legislative hearing on H.R. 6918, a bill to hold workers and their employers hostage unless they consent to a Democrat wish list of social mandates. This legislation introduced by Congresswoman Jayapal—which was too extreme for Speaker…

McHenry: The Main Street Lending Program Will Help Ensure a Strong Economic Recovery

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Federal Reserve Bank of Boston announced the Main Street Lending Program (MSLP) is now fully operational: “Businesses and families across our country are experiencing this pain through no fault of their own. It’s important to remember, this pandemic is…

Committee Holds Hearing with Treasury, Federal Reserve on Coronavirus Economic Response

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Today, the Committee on Financial Services, led by Republican Leader Patrick McHenry (NC-10), held its first quarterly oversight hearing under the CARES Act with Secretary of the Treasury, Steven Mnuchin, and Chairman of the Federal Reserve, Jerome Powell, to discuss the response to the economic crisis caused by the COVID-19 global pandemic. In his opening remarks, Republican Leader…

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