Today, the House Financial Services Committee is holding another hearing on the partisan housing provisions in Democrats’ massive spending bill, the so-called Build Back Better Act. At the same time, Democrats’ own party leadership is considering cutting the housing provisions from the bill altogether. Democrats’ reckless tax-and-spending spree would destroy our economic… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), sent a letter to the Inspector General (IG) for the Consumer Financial Protection Bureau (CFPB), Mark Bialek. The Republican Leaders demand the IG turn over any findings from his investigation into… Read more »
Today, House Committee on Financial Services Republican Leader Patrick McHenry and House Committee on Small Business Republican Leader Blaine Luetkemeyer sent a letter to Administrator Guzman of the Small Business Administration (SBA) voicing significant concerns with the lack of communication and responsiveness from the SBA to the nation’s smallest businesses, their lenders, and… Read more »
In advance of a Consumer Financial Protection Bureau (CFPB) oversight hearing later this month, all Financial Services Committee Republicans, led by Patrick McHenry (NC-10), sent a letter to the new Director of the CFPB, Rohit Chopra. The letter outlines Republicans’ concerns with three partisan, anti-consumer actions recently taken by the CFPB, while awaiting a permanent… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), along with the top Republican on the Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), and the top Republican on the Task Force on Financial Technology, Warren Davidson (OH-08), sent a letter to Treasury Secretary Janet Yellen. The letter asks Secretary Yellen to clarify how Treasury… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement regarding the Biden Administration’s decision not to seek the removal of Kristalina Georgieva as the International Monetary Fund Managing Director:
“This decision reflects terribly on U.S. leadership at the IMF. Republicans and Democrats in… Read more »
Following Tuesday’s Financial Services Committee hearing with Securities and Exchange Commission (SEC) Chairman Gary Gensler, Republican Committee leaders are calling for an in-person hearing with the full Commission no later than next Spring. In a letter to Chairwoman Maxine Waters (CA-43), Republican Leader Patrick McHenry (NC-10) and Republican Leader of the Investor Protection,… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. The letter requests Chair Gensler clarify his concerning and contradictory public remarks regarding the SEC’s authority to regulate the digital asset ecosystem.
Read Republican Leader McHenry’s full letter to… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced the Clarity for Digital Tokens Act of 2021. This legislation ensures our regulatory framework embraces new technology and innovation by providing a “safe harbor” for startup digital asset projects, while maintaining important investor protections. By doing so, this bill will provide… Read more »
Today the House Financial Services Committee is holding a hearing with Securities and Exchange Commission (SEC) Chair Gary Gensler. Chair Gensler’s recent actions raise concern that he will run roughshod over appropriate process to implement Democrats’ agenda—which will harm everyday investors, weaken our capital markets, and put the U.S. at a competitive disadvantage.
Ranking… Read more »
