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McHenry Statement on Updated Debt Limit X-Date Projections

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Treasury Department announced its updated debt limit X-date projection and President Biden invited Speaker McCarthy to the White House for a meeting regarding the debt limit: “It’s past time for Biden to join House Republicans at the adult table and negotiate…

Davidson Delivers Remarks at Hearing on the Reauthorization of the National Flood Insurance Program

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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 “The Reauthorization of the National Flood Insurance Program: FEMA’s Perspective.” Watch Chairman Davidson’s opening remarks here. Read Chairman Davidson’s opening remarks as…

McHenry Statement on Regulator, GAO Reports Regarding Recent Bank Failures

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to reports regarding recent bank failures issued today by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Government Accountability Office.   “I appreciate the GAO providing a timely and independent review. This is the first…

McHenry, Thompson, Hill, Johnson Statement on Joint Efforts to Create Clear Rules of the Road for Digital Assets

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the House Agriculture Committee, Glenn “GT” Thompson (PA-15), the Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02), and the Chairman of the Commodity Markets, Digital Assets, and Rural Development Subcommittee, Dusty Johnson (SD-AL),…

Luetkemeyer Delivers Remarks at Hearing to Conduct Oversight of the Financial Crimes Enforcement Network and the Office of Terrorism and Financial Intelligence

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Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), is holding a hearing entitled “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI).”  Watch…

Hill Delivers Remarks at Hearing on Identifying the Regulatory Gaps in Digital Asset Market Structure

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Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, led by Chairman French Hill (AR-02), is holding a hearing entitled “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure.”   Watch Chairman Hill’s opening remarks here.   Read…

Committee Republicans Demand Information from Banking Regulators, Advance Efforts to Get to the Bottom of Recent Bank Failures

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Ahead of upcoming reports from the Government Accountability Office (GAO) and federal banking regulators, Committee Republicans sent letters to Treasury Secretary Janet Yellen, Acting Inspector General of the Treasury Richard Delmar, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg demanding additional information regarding the supervisory efforts of their…

McHenry Delivers Opening Remarks at Markup of Capital Formation and CFPB Reform Legislation

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Today, the House Financial Services Committee is holding a markup of capital formation and Consumer Financial Protection Bureau (CFPB) reform legislation. The Committee will consider proposals that strengthen public markets, help small businesses and entrepreneurs, and create opportunities for all investors. The Committee will also consider a measure that reforms the CFPB to deliver…

McHenry, Hill, Huizenga Demand Information from Prudential Regulators Regarding Efforts to De-Bank the Digital Asset Ecosystem

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House Financial Services Committee Chairman Patrick McHenry (NC-10), Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02), and Oversight and Investigations Subcommittee Chairman Bill Huizenga (MI-04) sent letters to the Chair of the Board of Governors of the Federal Reserve System, Jerome Powell, Chairman of the Federal Deposit Insurance Corporation…

McHenry Statement on Passage of Limit, Save, Grow Act

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after House Republicans passed the Limit, Save, Grow Act to responsibly raise the debt ceiling while limiting federal spending, saving taxpayer money, and growing the economy.   “It’s critical that we raise the debt ceiling with as little brinksmanship as…

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