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Wagner Delivers Remarks at Hearing on Reforms to Encourage Capital Formation and Investment Opportunities for All Americans

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Today, the House Financial Services Subcommittee on Capital Markets, led by Chairman Ann Wagner (MO-02), is holding a hearing entitled "A Roadmap for Growth: Reforms to Encourage Capital Formation and Investment Opportunities for All Americans." Watch Chairman Wagner’s opening remarks here.   Read Chairman Wagner’s opening remarks as prepared for…

Huizenga Demands Briefing from CFPB on Major Data Breach

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Today, the Chairman of the Financial Services Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), released a letter he sent to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. Chairman Huizenga is demanding a staff briefing regarding a “major incident,” in which a CFPB employee made an unauthorized transfer of sensitive records. This breach…

Committee Republicans Blast Chair Gensler’s Misrepresentation of Non-Existent Digital Asset Trading Platform Registration Process

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In advance of today’s hearing, all Republicans on the House Financial Services Committee—led by Chairman Patrick McHenry (NC-10)—sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. Republicans are slamming the Commission’s approach to digital asset regulation and attempts to force digital asset trading platforms to “come in and register” under the…

Committee Republicans are Holding Chair Gensler’s SEC Accountable

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Ahead of today’s hearing with Securities and Exchange Commission (SEC) Chair Gary Gensler, Republicans on the House Financial Services Committee are holding the Commission accountable. From its reckless rulemaking agenda to regulation by enforcement of the digital asset ecosystem to ignoring the capital formation piece of its statutory mission, Chair Gensler’s SEC is threatening…

McHenry to Chair Gensler: We Have a Constitutional Duty to Conduct Oversight of the Agencies Under Our Jurisdiction and We Will Continue to Do So Aggressively

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing to conduct oversight of the Securities and Exchange Commission. Committee Republicans are committed to holding Chair Gensler accountable for his regulation by enforcement approach towards the digital asset ecosystem, reckless rulemaking agenda, and disregard for the…

McHenry, Smith, DelBene, Velazquez Reintroduce Bipartisan Legislation to Modernize IRS Filings for Job Creators

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and Representatives Adrian Smith (NE-03), Susan DelBene (WA-01) and Nydia M. Velázquez (NY-07) reintroduced the Eliminating Paperwork for Startups Act for the 118th Congress. This legislation will modernize how 83(b) election forms are filed with the Internal Revenue Service (IRS)—making these…

McHenry, Wagner Slam Chair Gensler for Ignoring the SEC’s Capital Formation Mandate

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), along with the Chairman of the Subcommittee on Capital Markets, Ann Wagner (MO-02), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler slamming the Commission for ignoring its capital formation mission during his tenure. The lawmakers are demanding the SEC revise its…

McHenry, Huizenga Call Out Chair Gensler’s “Unacceptable” Failure to Provide Information on Charges Against Sam Bankman-Fried

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), along with the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler demanding that the SEC provide a staff recommendation memo and other information related to charges filed by the agency against…

HEARING NOTICE: Subcommittees on Digital Assets, Financial Technology and in Inclusion & Capital Markets

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearings: Digital Assets, Financial Technology and Inclusion Subcommittee Hearing Entitled: “Understanding Stablecoins’ Role in Payments and the Need for Legislation” Time: 10:00 AM ET Date: Tuesday, April 19, 2023 Place: 2128 Rayburn House Office Building Additional…

HEARING NOTICE: Full Committee Hearing on Oversight of the Securities and Exchange Commission

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Full Committee Hearing Entitled: “Oversight of the Securities and Exchange Commission” Time: 10:00 AM ET Date: Tuesday, April 18, 2023 Place: 2128 Rayburn House Office Building Additional information regarding the hearing—including the livestream and committee…

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