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McHenry: Americans Shouldn’t Have to Mortgage Their Future Because of Democrats’ Reckless Spending

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Today, the House Financial Services Committee is holding its semi-annual hearing with Federal Reserve (Fed) Chair Pro Tempore Jerome Powell. After President Biden misled the American people about the state of our economy last night, Republicans will set the record straight. Democrats’ reckless agenda has led to skyrocketing consumer prices, broken supply chains, and disruptions in our…

McHenry, Luetkemeyer Send Letter Demanding Beneficial Ownership Rulemaking Protect Small Businesses and Adhere to Congressional Intent

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the House Small Business Committee, Blaine Luetkemeyer (MO-03), sent a comment letter regarding the Treasury Department’s Notice of Proposed Rulemaking (NPRM) on Beneficial Ownership Information Reporting Requirements. The Republican Leaders highlight numerous concerns…

Financial Services Committee Republicans Introduce Legislation Responding to Putin’s Invasion of Ukraine

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Today, Republicans on the House Financial Services Committee introduced a package of legislation in response to Vladimir Putin’s invasion of Ukraine. Each of the bills in this coordinated response will counter Russia’s unprovoked aggression by further isolating Putin’s regime from the international financial system and imposing real costs on Russia. Rep. Andy Barr (KY-06), the top…

McHenry, Luetkemeyer Demand Regulators Protect Americans’ Access to Financial System from Government Overreach

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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), sent letters to the federal prudential regulators seeking answers on efforts to protect Americans’ access to our financial system. Following Canada’s unprecedented use of…

McHenry Statement in Response to Biden’s State of the Union Address

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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’s State of the Union address: “Tonight, President Biden had the opportunity to address his Administration’s failures and offer solutions for the problems his policies created,” said Republican Leader McHenry. “Rather than offering a…

McHenry Statement on Russia’s Invasion of Ukraine

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding Russia’s invasion of Ukraine: “Vladimir Putin’s invasion of Ukraine is as evil as it is dangerous,” said Republican Leader McHenry. “Americans stand with our democratic ally while praying for the safety of its people. Putin’s quest to rewrite the…

McHenry: American Families and Workers are Hurting, and Democrat Polices are to Blame

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Today, the House Committee on Financial Services is holding a hearing to evaluate the Emergency Capital Investment Program’s (ECIP) support for Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). Unfortunately, Democrats’ reckless agenda has slowed our economic recovery—harming the communities this program was intended to support. Watch…

McHenry Demands More Robust Oversight of ERA Programs in Letters to Yellen and Treasury’s OIG

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent letters to Treasury Secretary Janet Yellen and Deputy Inspector General of the Treasury Department Richard Delmar regarding oversight of the Emergency Rental Assistance (ERA) programs. The letters blast Treasury’s willful neglect of oversight of the ERA programs and urge Treasury and the…

McHenry Statement on Biden Executive Order Seizing Afghanistan’s Reserve Assets in the U.S.

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement on the Executive Order issued today by the Biden Administration regarding Afghanistan’s reserve assets held in the United States: “This is the result of President Biden’s failed approach to foreign policy in Afghanistan,” said Republican Leader…

McHenry Slams Treasury for Leaving ERA Programs Vulnerable to Fraud and Abuse, Following GAO Report

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement following the Government Accountability Office’s (GAO) release of a new report outlining Treasury’s failure to conduct basic oversight of the Emergency Rental Assistance programs. Republican Leader McHenry requested this GAO report in a letter last year. “As I said…

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