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HEARING NOTICE: Joint House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion & House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development Hearing

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), along with the Chairman of the House Committee on Agriculture, Glenn "GT" Thompson (PA-15), announced the following joint subcommittee hearing: Joint Financial Services-Agriculture Subcommittee Hearing Entitled: “The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset…

McHenry Statement on Regulator Actions Regarding First Republic Bank

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Today, House Financial Services Committee Chairman Patrick McHenry (NC-10) issued the following statement after the Federal Deposit Insurance Corporation (FDIC) announced actions to place First Republic Bank into receivership and the assumption of First Republic’s assets and deposits by JP Morgan Chase Bank:   “Americans should remain confident in the safety of their deposits at…

McHenry Statement on FDIC Calls to Expand Deposit Insurance

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding calls from the Federal Deposit Insurance Corporation (FDIC) to expand federally backed deposit insurance.   “I’m glad to see the FDIC recognize that any changes to deposit insurance must come from Congress in the form of legislation,” said Chairman…

McHenry Statement on Updated Debt Limit X-Date Projections

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Treasury Department announced its updated debt limit X-date projection and President Biden invited Speaker McCarthy to the White House for a meeting regarding the debt limit: “It’s past time for Biden to join House Republicans at the adult table and negotiate…

Davidson Delivers Remarks at Hearing on the Reauthorization of the National Flood Insurance Program

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Today, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Warren Davidson (OH-08), is holding a hearing entitled “The Reauthorization of the National Flood Insurance Program: FEMA’s Perspective.” Watch Chairman Davidson’s opening remarks here. Read Chairman Davidson’s opening remarks as…

McHenry Statement on Regulator, GAO Reports Regarding Recent Bank Failures

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to reports regarding recent bank failures issued today by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Government Accountability Office.   “I appreciate the GAO providing a timely and independent review. This is the first…

McHenry, Thompson, Hill, Johnson Statement on Joint Efforts to Create Clear Rules of the Road for Digital Assets

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the House Agriculture Committee, Glenn “GT” Thompson (PA-15), the Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02), and the Chairman of the Commodity Markets, Digital Assets, and Rural Development Subcommittee, Dusty Johnson (SD-AL),…

Luetkemeyer Delivers Remarks at Hearing to Conduct Oversight of the Financial Crimes Enforcement Network and the Office of Terrorism and Financial Intelligence

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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 “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI).”  Watch…

Hill Delivers Remarks at Hearing on Identifying the Regulatory Gaps in Digital Asset Market Structure

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Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, led by Chairman French Hill (AR-02), is holding a hearing entitled “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure.”   Watch Chairman Hill’s opening remarks here.   Read…

Committee Republicans Demand Information from Banking Regulators, Advance Efforts to Get to the Bottom of Recent Bank Failures

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Ahead of upcoming reports from the Government Accountability Office (GAO) and federal banking regulators, Committee Republicans sent letters to Treasury Secretary Janet Yellen, Acting Inspector General of the Treasury Richard Delmar, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg demanding additional information regarding the supervisory efforts of their…

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