WASHINGTON – House Financial Services Committee Democrats brought several pieces of legislation before the full committee for a markup. In all, ten bills were considered, six of which addressed diversity and inclusion and housing, receiving bipartisan support.
However, the remaining four bills to amend the Fair Credit Reporting Act (FCRA), received solely Democrat, partisan backing.… Read more »
WASHINGTON – Today, the House Financial Services Committee held its semi-annual hearing with Federal Reserve Chairman Jerome Powell on monetary policy and the state of the economy.
Republican leader of the Committee, Patrick McHenry (NC-10), delivered opening remarks highlighting the positive economic trends as a result of Republican tax cuts and regulatory reform. To ensure continued… Read more »
Fed Chair Jay Powell is set to testify later Wednesday morning in front of the House Financial Services Committee as well as the Senate Banking Committee on Thursday. Rep. Patrick McHenry (R-N.C.), who is the ranking member of the Financial Services Committee, joins "Squawk Box" to discuss what he expects from the hearings.
Rep. Patrick McHenry on Fed independence, whether… Read more »
WASHINGTON – Today, the U.S. House of Representatives advanced two Republican-led Financial Services bills: H.R. 2919, the “Improving Investment Research for Small and Emerging Issuers Act,” introduced by Congressman Bill Huizenga (MI-02), and H.R. 3050, the “Expanding Investment in Small Businesses Act of 2019,” introduced by Congressman Bryan Steil (WI-01).
Each bill requires the… Read more »
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Trump signed H.R. 3151, the Taxpayer First Act of 2019 into law. This legislation included provisions from H.R. 2007, the IRS Data Verification Modernization Act of 2019, introduced by Ranking Member McHenry and Congressman Earl… Read more »
The simulation of human intelligence processes by computer systems is not without both benefits and challenges, said U.S. Rep. French Hill (R-AR), ranking member of the U.S. House Financial Services Committee Task Force on Artificial Intelligence (AI), during its first meeting on Wednesday.
“Over the next few months, I look forward to working with my colleagues on both sides of the aisle… Read more »
The House Financial Services Committee invited Facebook to testify at a July hearing about its cryptocurrency plans. Ranking Republican on the committee Congressman Patrick McHenry (R-N.C.) joins "Squawk Box" to discuss.
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Rep. Patrick McHenry wants to know about Facebook’s plans for its cryptocurrency.
“There are so many open questions here, and I think we should actually be better informed,” he says.
Facebook announces on Tuesday it will launch its cryptocurrency in 2020.
Rep. Patrick McHenry has questions about Facebook’s plan for its cryptocurrency.
The Republican from North… Read more »
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), called on Chairwoman Maxine Waters (CA-43) to hold a hearing on Facebook’s new global cryptocurrency project, “Project Libra.” In his letter, he highlights the potential for this new technology to foster “financial inclusion and faster payments,” but stated many questions remain, and… Read more »
WASHINGTON, D.C. -- Lawmakers on Capitol Hill are working on a five-year extension to the National Flood Insurance Program (NFIP).
Earlier this week, a compromise plan advanced out of a House committee with unanimous, biptartisan support - the first step on Capitol Hill for the legislation.
For years now, the program aimed at keeping people afloat after a flood has been on… Read more »
