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McHenry Selected as Chairman of House Financial Services Committee

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Today, Congressman Patrick McHenry (NC-10) issued the following statement after being selected as Chairman of the House Financial Services Committee for the 118th Congress by the House Republican Steering Committee: “I’m honored to have been selected by my colleagues as the next Chairman of the House Financial Services Committee,” said Chairman-elect McHenry. “After serving on this…

McHenry at Hearing on Housing Inflation: Doubling Down on Failed Housing Policies is Not the Answer

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Today, the House Financial Services Committee is holding a hearing on housing inflation. While Democrats advocate for dumping more taxpayer dollars into ineffective programs and an already overheated housing market, Republicans are pushing for commonsense solutions to make homeownership more accessible by expanding our housing supply. Watch Republican Leader Patrick McHenry’s opening…

McHenry, Emmer Lead Inquiry into Boston Fed-Led CBDC Effort

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Republican on the House Financial Services Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), led a letter to Susan Collins, President of the Federal Reserve Bank of Boston, about “Project Hamilton,” an initiative to research the development of a central bank digital…

McHenry, Waters Announce December Hearing to Investigate FTX Collapse

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Today, the Ranking Member of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), and the Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), announced a bipartisan hearing into the collapse of FTX and the broader consequences for the digital asset ecosystem. In December, the Committee expects to hear from the companies and…

McHenry to Prudential Regulators: Instead of Lessening the Pain Our Constituents Are Feeling, You All Are Making the Situation Worse

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Today, House Financial Services Committee is holding an oversight hearing with the prudential regulators, including Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, Michael Barr; acting Chair of the Federal Deposit Insurance Corporation, Martin Gruenberg; acting Comptroller of the Currency, Michael Hsu; and Chair of the National Credit Union…

McHenry Slams Nomination of Martin Gruenberg to Lead the FDIC

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to President Biden announcing his intent to nominate Martin Gruenberg to serve as Chair of the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors. “President Biden’s appointment of Martin Gruenberg as Chair of the FDIC shows this…

McHenry Statement on Recent Events Involving Digital Assets Trading Platforms FTX and Binance

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding recent events in digital asset markets that led to Binance announcing its intent to acquire FTX. “For years, I have advocated for Congress to develop a clear regulatory framework for the digital asset ecosystem, including trading platforms,” said…

McHenry, Toomey Demand Answers on Chair Gensler’s Mismanagement of the SEC Following Alarming IG Report

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The top Republican on the House Financial Services Committee, Patrick McHenry (R-NC), and the top Republican on the Senate Banking Committee, Pat Toomey (R-PA), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. Following the Inspector General (IG) report released last month, the Republican Leaders are demanding answers regarding the troubling issues created by…

Top House Republicans Press SEC for Skirting Record-Keeping and Transparency Laws

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House Financial Services Committee Ranking Member Patrick McHenry (R-NC), House Judiciary Committee Ranking Member Jim  Jordan (R-OH), House Oversight and Reform Committee Ranking Member James Comer (R-KY), and House Financial Services Subcommittee on Oversight and Investigations Ranking Member Tom Emmer (R-MN) recently sent a letter to SEC Chair Gary Gensler…

McHenry, Huizenga Demand Chairwoman Waters Convene a Hearing with SEC Chair Gensler

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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee, Bill Huizenga (MI-02), sent a letter to Chairwoman Maxine Waters (CA-43). In light of the “technical glitch,” a damning Inspector General report, and an expansive regulatory agenda, the Republican…

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