Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing entitled, “The Federal Regulators’ Response to Recent Bank Failures.” Committee Republicans are committed to getting the facts surrounding recent bank failures to assess federal regulators’ response and deliver transparency for the American people.
Watch Chairman… Read more »
Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), held its first bipartisan hearing to examine the recent failures of Silicon Valley Bank and Signature Bank. At the hearing, Republicans demanded answers from the U.S. Treasury Department, Federal Reserve Board, and Federal Deposit Insurance Corporation to ensure accountability and transparency by… Read more »
Ahead of tomorrow’s hearing to examine recent bank failures, Republicans on the House Financial Services Committee are working to hold regulators accountable for potential supervisory failures. Through a series of letters, Committee Republicans are conducting a comprehensive review of the events leading up to the failure of Silicon Valley Bank (SVB) and Signature Bank, as well as the… Read more »
The Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), and Congresswoman Young Kim (CA-40) sent a letter to Vice Chair for Supervision of the Board of Governors of the Federal Reserve System (FRB) Michael Barr and President and CEO of the Federal Reserve… Read more »
The Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), and the Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), sent letters to Financial Stability Oversight Council (FSOC) Chair Janet Yellen and Chair of the Council of Inspectors General on Financial Oversight, Richard Delmar, demanding information on a March… Read more »
Republicans on the House Financial Services Committee are demanding the California and New York state-level regulators that supervised Silicon Valley Bank and Signature Bank, respectively, prior to their failures provide information regarding their supervisory efforts, coordination with federal regulators, and decision making regarding the failed banks.
The Chairman of the… Read more »
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, “Follow the Money: The CCP’s Business Model Fueling the Fentanyl Crisis.”
Watch Chairman Luetkemeyer’s opening remarks here.
Read Chairman Luetkemeyer’s opening… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Vice Chairman of the House Financial Services Committee, French Hill (AR-02), sent letters to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg and Treasury Secretary Janet Yellen. In the letters, McHenry and Hill demand detailed information regarding the Biden Administration’s… Read more »
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Member of the House Financial Services Committee, Maxine Waters (CA-43), announced a bipartisan hearing with federal financial regulators in response to the failures of Silicon Valley Bank (SVB) and Signature Bank to be held at 10:00 AM ET on March 29, 2023. This will be the first… Read more »
The Chairman of the House Financial Services Committee, Patrick McHenry (R-N.C.), and the Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, Tim Scott (R-S.C.), are formally demanding information from the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) regarding their regulatory activities with respect to Silicon Valley Bank (SVB) and… Read more »
