The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), reintroduced H.R. 9556, the Financial Services Innovation Act, to modernize and streamline how innovators interact with regulators to build a more inclusive financial system.
“It’s critical for our regulatory process to work with financial innovation, instead of against it,” said Chairman-elect… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Task Force on Financial Technology, Warren Davidson (OH-08), sent a letter to Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen. In light of tightening financial conditions due to the Federal Reserve’s fight against Democrat-induced… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Financial Crimes Enforcement Network’s (FinCEN) release of a Notice of Proposed Rulemaking regarding access to beneficial ownership information.
“Today’s Notice of Proposed Rulemaking issued by FinCEN does not prioritize… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Treasury Secretary Janet Yellen urging her to prioritize rulemaking under the digital asset reporting provisions of the Infrastructure Investment and Jobs Act and delay the effective date to allow market participants to conform to any new requirements. Treasury must clarify the scope of… Read more »
Ahead of today’s hearing, all Republicans on the House Financial Services Committee—led by Chairman-elect Patrick McHenry (NC-10)—sent a letter to Consumer Financial Protection Bureau (CFPB) Rohit Chopra. Republicans are raising concerns with Director Chopra’s recent actions related to nonbank financial firms that exceed the CFPB’s statutory authority and harm the very consumers the… Read more »
Today, the House Financial Services Committee is holding a hearing with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. In light of Director Chopra’s regulatory overreach and disregard for the rulemaking process, the incoming House Republican majority will pursue aggressive oversight to rein in the unaccountable CFPB.
In advance of today’s hearing, all Committee… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the changes to equity market structure proposed today by the Securities and Exchange Commission (SEC):
“The U.S. has the most liquid and efficient capital markets in the world,” said Chairman-elect McHenry. “Chair Gensler’s market structure… Read more »
Today, the House Financial Services Committee is holding a bipartisan hearing to investigate the events surrounding the collapse of digital asset trading platform FTX. Committee Members will question current FTX CEO John Ray to get the answers the firm’s customers and the American people deserve.
Watch Chairman-elect Patrick McHenry’s (NC-10) opening remarks here.
Read Chairman-elect… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), announced several Committee Republican initiatives were included in the final text of the National Defense Authorization Act for fiscal year 2023 (NDAA). The House of Representatives is expected to vote on the legislation later today.
Committee Republican Priorities in the FY2023… Read more »
Today, Congressman Patrick McHenry (R-NC, the top Republican on the House Financial Services Committee, and Congresswoman Carolyn B. Maloney (D-NY), a Senior Member of the House Financial Services Committee, applauded the final House passage of the Financial Transparency Act as an amendment to the FY 2023 National Defense Authorization Act. This legislation would require all financial… Read more »
