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CNBC: Republican draft bill would tighten rules for finance firms using customer information
Jun 23, 2022
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By Lauren Feiner, CNBC A new draft bill lays the groundwork for how House Republicans will tackle financial data privacy if they win back the majority in the chamber this November. The discussion draft would modernize a financial data protection law known as the Gramm-Leach-Bliley Act. It could end ...
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McHenry: Not One of the Bills We Are Discussing Today Will Bring Down the Cost of Food, Gas, or Housing
Jun 22, 2022
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Today, the House Financial Services Committee is holding a markup of mostly unrelated, partisan legislation that will do nothing to stabilize consumer prices, bring down the cost of gas, or fix our broken supply chains. Committee Democrats are more focused on scoring “wins” for vulnerable members th...
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McHenry Statement on CFPB Proposal on Credit Card Fees
Jun 22, 2022
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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 the Consumer Financial Protection Bureau’s (CFPB) Advance Notice of Proposed Rulemaking regarding credit card fees. “This is another attempt by the Biden Admini...
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McHenry, Lummis Urge Environmental Protection Agency to Consider the Benefits, Realities of Digital Asset Mining
Jun 21, 2022
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House Financial Services Committee Republican Leader Patrick McHenry (NC-10) and U.S. Senator Cynthia Lummis (R-WY), along with 12 of their colleagues, sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan urging him to fully study the potential environmental impacts of ...
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McHenry, McMorris Rodgers, 129 House GOP Colleagues Demand SEC Rescind Climate Disclosure Proposal
Jun 17, 2022
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This week, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the House Energy and Commerce Committee, Cathy McMorris Rodgers (WA-05), led a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler regarding the SEC’s proposa...
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McHenry: H.R. 2543 Will Do Nothing to Bring Down Consumer Prices or Help Struggling Families
Jun 15, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), spoke on the House floor in opposition to H.R. 2543, the Diverting Attention from Democrats’ Dismal Economy Act. Instead of addressing forty-year high inflation, surging gas prices, and broken supply chains...
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McHenry Announces New Member of Financial Services Committee
Jun 9, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), announced House Republicans’ selection of Congressman Ralph Norman (SC-05) as the newest member of the Financial Services Committee. “I’m proud to welcome Congressman Ralph Norman as the newest Republican m...
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McHenry to Treasury IG: Use Oversight Authority to Ensure SSBCI Funding is Not Vulnerable to Waste, Fraud, or Abuse
May 31, 2022
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to the Treasury Department’s Deputy Inspector General, Richard Delmar, regarding the State Small Business Credit Initiative (SSBCI). After Democrats injected billions of dollars into the opaque SSBCI...
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McHenry: Congress Should Not Rush to Issue a CBDC. Nor Should the Fed.
May 26, 2022
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Today, the House Financial Services Committee is holding a hearing with Federal Reserve (Fed) Vice Chair Lael Brainard to discuss a potential U.S. Central Bank Digital Currency (CBDC). Prior to today’s hearing, all Committee Republicans sent a letter to Fed Chair Jerome Powell reiterating their prin...
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Committee Republicans to Fed Chair Powell: Do the Potential Benefits of a CBDC Outweigh the Risks?
May 19, 2022
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Ahead of next week’s hearing to examine a U.S. Central Bank Digital Currency (CBDC), Ranking Member Patrick McHenry (NC-10) led all Committee Republicans in a letter to Federal Reserve (Fed) Chair Jerome Powell regarding the Fed’s recent CBDC white paper. In the letter, Committee Republicans reitera...
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