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McHenry, Toomey Demand Answers on Chair Gensler’s Mismanagement of the SEC Following Alarming IG Report

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The top Republican on the House Financial Services Committee, Patrick McHenry (R-NC), and the top Republican on the Senate Banking Committee, Pat Toomey (R-PA), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. Following the Inspector General (IG) report released last month, the Republican Leaders are demanding answers regarding the troubling issues created by…

Top House Republicans Press SEC for Skirting Record-Keeping and Transparency Laws

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House Financial Services Committee Ranking Member Patrick McHenry (R-NC), House Judiciary Committee Ranking Member Jim  Jordan (R-OH), House Oversight and Reform Committee Ranking Member James Comer (R-KY), and House Financial Services Subcommittee on Oversight and Investigations Ranking Member Tom Emmer (R-MN) recently sent a letter to SEC Chair Gary Gensler…

McHenry, Huizenga Demand Chairwoman Waters Convene a Hearing with SEC Chair Gensler

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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee, Bill Huizenga (MI-02), sent a letter to Chairwoman Maxine Waters (CA-43). In light of the “technical glitch,” a damning Inspector General report, and an expansive regulatory agenda, the Republican…

Financial Services, Ways & Means Republicans Launch Investigation into Far-Left Treasury Advisory Committee

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As inflation crushes American families and the U.S. faces a cruel Biden recession, the Biden Administration is politicizing the Treasury Department with a new far-left advisory committee. In a letter to Treasury Secretary Janet Yellen, the top Republican on the House Financial Services Committee, Rep. Patrick McHenry (R-NC), the top Republican on the House Ways and Means Committee, Rep.…

McHenry Applauds 5th Circuit Decision Ruling CFPB Funding Mechanism Unconstitutional

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the 5th Circuit’s decision ruling the Consumer Financial Protection Bureau’s (CFPB) independent funding mechanism unconstitutional: “As Republicans have said all along, the CFPB’s ‘double-insulated,’ independent funding mechanism is unconstitutional and…

Republicans Raise Concerns with SEC “Technical Glitch,” Integrity of Rulemakings During Chair Gensler’s Tenure

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Republicans on the House Financial Services Committee’s Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets—led by Republican Leaders Patrick McHenry (NC-10) and Bill Huizenga (MI-02)—sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler demanding answers regarding the recent “technical glitch” at the SEC and the integrity of impacted…

McHenry, Hill Urge Yellen to Support Financing for Nuclear Energy Projects at Global Financial Institutions

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Following last week’s Annual Meetings of the International Monetary Fund and the World Bank Group, House Financial Services Committee Republican Leader Patrick McHenry (NC-10) and Rep. French Hill (AR-02), sent a letter to Treasury Secretary Janet Yellen urging her to support and advocate for nuclear energy investments at the European Bank for Reconstruction and Development (EBRD) and…

Top Financial Services, Energy & Commerce Republicans Seek Answers Regarding PayPal’s Anti-Free Speech Policy

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Today, House Financial Services Committee Republican Leader Patrick McHenry (NC-10) and House Energy and Commerce Committee Republican Leader Cathy McMorris Rodgers (WA-05), along with Tom Emmer (MN-06) and Morgan Griffith (VA-09), the top Republicans on each Committees’ Oversight Subcommittees, sent a letter to PayPal President and CEO Dan Schulman. The Republican Leaders are seeking…

McHenry, FinTech Task Force Republicans Urge OCC’s Hsu to Provide Certainty for Bank-FinTech Partnerships

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), led Republican members of the Task Force on Financial Technology in sending a letter to the acting head of the Office of the Comptroller of the Currency (OCC), Michael Hsu. FinTech Task Force Republicans are urging Acting Comptroller Hsu to clarify the OCC’s position on partnerships between banks…

McHenry, Hill, Digital Asset Working Group Republicans Request DOJ Assessment on CBDC

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House Financial Services Committee Republican Leader Patrick McHenry (NC-10), Rep. French Hill (AR-02), and all members of the Committee Republicans’ Digital Asset Working Group today sent a letter to Attorney General (AG) Merrick Garland requesting his assessment of whether legislation is necessary for a U.S. Central Bank Digital Currency (CBDC). To read the full letter, click…

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