As inflation crushes American families and the U.S. faces a cruel Biden recession, the Biden Administration is politicizing the Treasury Department with a new far-left advisory committee. In a letter to Treasury Secretary Janet Yellen, the top Republican on the House Financial Services Committee, Rep. Patrick McHenry (R-NC), the top Republican on the House Ways and Means Committee, Rep.… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the 5th Circuit’s decision ruling the Consumer Financial Protection Bureau’s (CFPB) independent funding mechanism unconstitutional:
“As Republicans have said all along, the CFPB’s ‘double-insulated,’ independent funding mechanism is unconstitutional and… Read more »
Republicans on the House Financial Services Committee’s Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets—led by Republican Leaders Patrick McHenry (NC-10) and Bill Huizenga (MI-02)—sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler demanding answers regarding the recent “technical glitch” at the SEC and the integrity of impacted… Read more »
Following last week’s Annual Meetings of the International Monetary Fund and the World Bank Group, House Financial Services Committee Republican Leader Patrick McHenry (NC-10) and Rep. French Hill (AR-02), sent a letter to Treasury Secretary Janet Yellen urging her to support and advocate for nuclear energy investments at the European Bank for Reconstruction and Development (EBRD) and… Read more »
Today, House Financial Services Committee Republican Leader Patrick McHenry (NC-10) and House Energy and Commerce Committee Republican Leader Cathy McMorris Rodgers (WA-05), along with Tom Emmer (MN-06) and Morgan Griffith (VA-09), the top Republicans on each Committees’ Oversight Subcommittees, sent a letter to PayPal President and CEO Dan Schulman. The Republican Leaders are seeking… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), led Republican members of the Task Force on Financial Technology in sending a letter to the acting head of the Office of the Comptroller of the Currency (OCC), Michael Hsu. FinTech Task Force Republicans are urging Acting Comptroller Hsu to clarify the OCC’s position on partnerships between banks… Read more »
House Financial Services Committee Republican Leader Patrick McHenry (NC-10), Rep. French Hill (AR-02), and all members of the Committee Republicans’ Digital Asset Working Group today sent a letter to Attorney General (AG) Merrick Garland requesting his assessment of whether legislation is necessary for a U.S. Central Bank Digital Currency (CBDC).
To read the full letter, click… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement on the Treasury Department’s newly-announced Advisory Committee on Racial Equity and raises concerns with recent reports regarding Vice Chair:
“At a time when millions of American families are struggling to make ends meet, Secretary Yellen and Biden’s Treasury… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to National Security Advisor Jake Sullivan urging the Biden Administration to thoughtfully and transparently work with Congress on efforts to confront the generational threat posed by the Chinese Communist Party, rather than acting unilaterally by Executive Order. It is especially critical… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Subcommittee on Consumer Protection and Financial Institutions, Blaine Luetkemeyer (MO-03), released the following statement regarding the Financial Crimes Enforcement Network’s (FinCEN) final rule to implement the new beneficial ownership reporting… Read more »
