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Financial Services Republicans Bash Gensler Over Failure to Assess Cumulative Impact of Rulemakings, Consider Stakeholder Feedback

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Ahead of today’s hearing, all Republicans on the House Financial Services Committee—led by Chairman Patrick McHenry (NC-10)—sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler slamming the agency for its persistent failure to conduct thorough economic analysis or consider stakeholder feedback regarding its regulatory agenda. Committee Republicans…

McHenry to SEC Chair Gensler: While Your Time in This Role May be Temporary, the Repercussions of Your Actions May be Permanent for the Agency

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing to conduct oversight of the Securities and Exchange Commission (SEC) with testimony from Chairman Gary Gensler. Republicans will hold Chair Gensler accountable for his reckless approach to rulemaking, lack of a capital formation agenda, crusade against the digital asset…

HEARING NOTICE: Oversight of the Securities and Exchange Commission

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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: “Oversight of the Securities and Exchange Commission”   Time: 10:00 AM ET Date: Wednesday, September 27, 2023 Place: 2128 Rayburn House Office Building  Additional information regarding the hearing—including…

McHenry at Markup of National Security, Privacy, & Anti-CBDC Legislation: Today, the House Financial Services Committee is Walking the Walk

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a markup of measures to strengthen American national security, protect Americans’ financial privacy, and prohibit the issuance of a central bank digital currency (CBDC).   Watch Chairman McHenry’s opening remarks here.   Read Chairman McHenry’s opening remarks as…

House Financial Services Committee Advances National Security, Financial Privacy, Anti-CBDC Legislation

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Today, the House Financial Services Committee passed eleven pieces of legislation out of Committee that strengthen national security, protects Americans’ financial privacy, and prevents the issuance of a central bank digital currency (CBDC) without explicit authorization from Congress. More information on all eleven bills reported out of the Financial Services Committee can be…

Wagner Delivers Opening Remarks at Hearing to Conduct Oversight of the SEC’s Division of Investment Management

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Today, the House Financial Services Subcommittee on Capital Markets, led by Chairman Ann Wagner (MO-02), is holding a hearing entitled “Oversight of the SEC’s Division of Investment Management.”   Watch Chairman Wagner’s opening remarks here.   Read Chairman Wagner’s opening remarks as prepared for delivery:   “This hearing will examine…

Barr Delivers Opening Remarks at Hearing to Conduct a Holistic Review of Regulators, Regulatory Overreach, and Economic Consequences

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Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr (KY-06), is holding a hearing entitled “A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences.”   Watch Chairman Barr’s opening remarks here.   Read Chairman Barr’s opening remarks as prepared for…

McHenry Blasts Treasury Net-Zero Financing Guidance

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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 Treasury Department issuing “Net-Zero Financing Guidance,” which would politicize capital allocation and advance progressive climate priorities at the expense of sound economic management.   “With Treasury’s most recent guidance, the Biden…

McHenry Announces Markup of Legislation to Strengthen American National Security, Prevent the Issuance of a Central Bank Digital Currency

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following markup:   Markup of H.R. 3378, H.R. 5409, H.R. 760, H.R. 5472, H.R. 5485, H.R. 5119, the Combatting Foreign Surveillance Spyware Sanctions Act, the Financial Access Improvements Act, the Russia and Belarus Financial Sanctions Act of 2023, the Foreign Affiliates…

McHenry, Financial Services Republicans Demand Prudential Regulators Withdraw Basel III Endgame Proposal

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Ahead of today’s hearing entitled “Implementing Basel III: What’s the Fed’s Endgame?”, all Republicans on the House Financial Services Committee—led by Chairman Patrick McHenry (NC-10)—sent a letter to Federal Reserve Vice Chair for Supervision (Fed) Michael Barr, Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg, and Acting Comptroller of the…

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