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McHenry, Barr, Huizenga, Scott Lead Bicameral Amicus Brief Challenging CFPB’s Funding Structure

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Chairman Patrick McHenry (R-N.C.-10) of the House Financial Services Committee; Representative Andy Barr (R-Ky.-06), the Chairman of the Subcommittee on Financial Institutions and Monetary Policy;  Representative Bill Huizenga (R-Mich.-04), the Chairman of the Subcommittee on Oversight and Investigations; and Ranking Member Tim Scott (R-S.C.) of the Senate Committee on Banking,…

HEARING NOTICE: Subcommittee on National Security, Illicit Finance, and International Financial Institutions

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing:   National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing Entitled: “Potential Consequences of FinCEN’s Beneficial Ownership Rulemaking”   Time: 2:00 PM ET Date: Tuesday, July 18, 2023 Place: 2128 Rayburn…

HEARING NOTICE: Subcommittees on Capital Markets and Financial Institutions & Monetary Policy

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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 Corporation Finance” Time: 10:00 AM ET Date: Tuesday, July 18, 2023 Place: 2128 Rayburn House Office Building  Additional information regarding the…

House Passes Slate of Bipartisan Financial Services Legislation

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Today, the U.S. House of Representatives passed three pieces of bipartisan financial services legislation to facilitate capital formation and mint a commemorative coin in honor of the 250th anniversary of the United States Marine Corps.   The financial services bills passed by the House include:   H.R. 2622, a bill to amend the Investment Advisers Act of 1940 to…

HEARING NOTICE: How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing

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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: “How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing” Time: 9:00 AM ET Date: Friday, July 14, 2023 Place: 2128 Rayburn House Office Building Additional information regarding…

HEARING NOTICE: Subcommittees on Capital Markets and Oversight & Investigations

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings:   Capital Markets Subcommittee Hearing Entitled: “Reforming the Proxy Process to Safeguard Investor Interests”   Time: 10:00 AM ET Date: Thursday, July 13, 2023 Place: 2128 Rayburn House Office Building  Additional information regarding…

HEARING NOTICE: Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation

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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: “Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation”   Time: 10:00 AM ET Date: Wednesday, July 12, 2023 Place: 2128 Rayburn House Office Building   Additional…

Top House Republicans Blast Gensler SEC’s Lack of Transparency

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the House Judiciary Committee, Jim Jordan (OH-04), and the Chairman of the House Oversight and Accountability Committee, James Comer (KY-01), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. The Chairmen identify significant concerns with Chair Gensler’s…

McHenry Speaks in Support of Middle Class Borrower Protection Act

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), delivered remarks in support of H.R. 3564, the Middle Class Borrower Protection Act, on the House floor. H.R. 3564, offered by Housing and Insurance Subcommittee Chairman Warren Davidson (OH-08), will reverse the Biden Administration’s changes to the Federal House Finance Agency’s (FHFA) Loan…

House Passes Subcommittee Chairman Davidson’s Middle-Class Borrower Protection Act

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The U.S. House of Representatives today passed Subcommittee on Housing and Insurance Chairman Warren Davidson’s (R-OH) Middle-Class Borrower Protection Act of 2023. Under the Biden administration’s Loan-Level Price Adjustment (LLPA) mortgage rule, responsible homebuyers with good credit are forced to subsidize those with bad credit. The Middle-Class Borrower Protection Act reverses…

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