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Huizenga Delivers Remarks at Hearing to Hold the Biden Administration Accountable for Wasteful Spending and Regulatory Overreach

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Today, the House Financial Services Subcommittee on Oversight and Investigations, led by Chairman Bill Huizenga (MI-04), held a hearing entitled, “Holding the Biden Administration Accountable for Wasteful Spending and Regulatory Overreach.”   Watch Chairman Huizenga’s opening remarks here.   Read Chairman Huizenga’s opening remarks as prepared for…

McHenry, Torres, Colleagues Reintroduce Bipartisan Legislative Fix to Digital Asset Reporting Requirements

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), reintroduced the Keep Innovation in America Act for the 118th Congress alongside Rep. Ritchie Torres (NY-15) and a bipartisan group of lawmakers. The legislation will fix the digital asset reporting provisions in the Infrastructure Investment and Jobs Act, now law (PL 117-58),…

HEARING NOTICE: Housing and Insurance Subcommittee Hearing on Encouraging Greater Flood Insurance Coverage in America

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings: Subcommittee on Housing and Insurance Hearing Entitled: “How Do We Encourage Greater Flood Insurance Coverage in America?” Time: 9:00 AM ET Date: Friday, March 10, 2023 Place: 2128 Rayburn House Office Building Additional information regarding the…

HEARING NOTICE: Subcommittees on Capital Markets; Financial Institutions and Monetary Policy; Digital Assets, Financial Technology and Inclusion

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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: “U.S. Public Markets Built for the 21st Century: Exploring Reforms to Make Our Public Markets Attractive for Small and Emerging Companies Raising Capital” Time: 10:00 AM ET Date: Thursday, March 9, 2023 Place: 2128…

McHenry, Lummis Send Letter Seeking Clarity on Digital Asset Accounting Regulations

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House Financial Services Committee Chairman Patrick McHenry (R-NC-10) and U.S. Senator Cynthia Lummis (R-WY) sent a letter to the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the National Credit Union Administration following up on a letter seeking clarification on Staff Accounting Bulletin 121 (SAB…

House Passes REIN IN Inflation Act

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House Financial Services Committee Chairman Patrick McHenry (R-NC), Congresswoman Elise Stefanik (R-NY), House Ways and Means Chairman Jason Smith (R-MO), and House Committee on Oversight and Accountability Chairman James Comer (R-KY), today celebrated the House passage of the Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Inflation Act. This bill requires the…

HEARING NOTICE: Full Committee Hearing with Fed Chair Powell; Oversight & Investigations Subcommittee Hearing on Biden Administration’s Wasteful Spending and Regulatory Overreach

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings: Full Committee Hearing Entitled: “The Federal Reserve’s Semi-Annual Monetary Policy Report” Time: 10:00 AM ET Date: Wednesday, March 8, 2023 Place: 2128 Rayburn House Office Building Witness: The Honorable Jerome H. Powell, Chair, Board of Governors of the…

McHenry Delivers Opening Remarks at First Markup of the 118th Congress

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Today, the House Financial Services Committee is holding its first markup of the 118th Congress. The Committee will consider several proposals to combat the economic threat posed by the Chinese Communist Party, the bipartisan Bank Service Company Examination Coordination Act of 2023, and Chairman Patrick McHenry’s (NC-10) Data Privacy Act of 2023 to give consumers more control…

Financial Services Committee Advances Bipartisan Bills to Combat Economic Threat from China

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Today, the House Financial Services Committee advanced several bipartisan bills during its first markup of the 118th Congress to combat the generational threat posed by the Chinese Communist Party’s (CCP) economic aggression. This comes after the Committee held its first hearing of the Congress on combatting the economic threat from China.   The following…

McHenry Demands Transparency from Treasury on Debt Limit X-Date Projection

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to U.S. Treasury Secretary Janet Yellen demanding Treasury provide its current projection of the debt limit X-Date and details on the state of U.S. federal debt. Treasury must be fully transparent with the American people about the federal debt, projections about how long…

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