By Lauren Feiner, CNBC
A new draft bill lays the groundwork for how House Republicans will tackle financial data privacy if they win back the majority in the chamber this November.
The discussion draft would modernize a financial data protection law known as the Gramm-Leach-Bliley Act.
It could end up applying to companies like Intuit-owned Mint and Plaid by including… Read more »
Today, the House Financial Services Committee is holding a markup of mostly unrelated, partisan legislation that will do nothing to stabilize consumer prices, bring down the cost of gas, or fix our broken supply chains. Committee Democrats are more focused on scoring “wins” for vulnerable members than addressing the economic devastation caused by their reckless policies.
Watch Republican… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) Advance Notice of Proposed Rulemaking regarding credit card fees.
“This is another attempt by the Biden Administration to force through a progressive priority that Democrats don’t have the votes to… Read more »
House Financial Services Committee Republican Leader Patrick McHenry (NC-10) and U.S. Senator Cynthia Lummis (R-WY), along with 12 of their colleagues, sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan urging him to fully study the potential environmental impacts of digital asset mining, including beneficial uses, before considering environmental… Read more »
This week, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the House Energy and Commerce Committee, Cathy McMorris Rodgers (WA-05), led a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler regarding the SEC’s proposal to require extensive climate change-related disclosures from public companies.
The… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), spoke on the House floor in opposition to H.R. 2543, the Diverting Attention from Democrats’ Dismal Economy Act. Instead of addressing forty-year high inflation, surging gas prices, and broken supply chains, Democrats are wasting valuable floor time on another partisan messaging bill that will… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), announced House Republicans’ selection of Congressman Ralph Norman (SC-05) as the newest member of the Financial Services Committee.
“I’m proud to welcome Congressman Ralph Norman as the newest Republican member of the Financial Services Committee,” said Republican Leader McHenry. “Ralph brings… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to the Treasury Department’s Deputy Inspector General, Richard Delmar, regarding the State Small Business Credit Initiative (SSBCI). After Democrats injected billions of dollars into the opaque SSBCI through their failed American Rescue Plan, the letter asks Deputy Inspector General Delmar… Read more »
Today, the House Financial Services Committee is holding a hearing with Federal Reserve (Fed) Vice Chair Lael Brainard to discuss a potential U.S. Central Bank Digital Currency (CBDC). Prior to today’s hearing, all Committee Republicans sent a letter to Fed Chair Jerome Powell reiterating their principles to guide the discussion surrounding a potential U.S. CBDC, as well as outline their… Read more »
Ahead of next week’s hearing to examine a U.S. Central Bank Digital Currency (CBDC), Ranking Member Patrick McHenry (NC-10) led all Committee Republicans in a letter to Federal Reserve (Fed) Chair Jerome Powell regarding the Fed’s recent CBDC white paper. In the letter, Committee Republicans reiterate their principles to guide the discussion surrounding a potential U.S. CBDC, as well as… Read more »
