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McHenry, Emmer, Luetkemeyer Demand Answers from CFPB Director Chopra Regarding Alleged Improper Collusion with State AGs

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), the top Republican on the Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), and the top Republican on the Subcommittee on Consumer Protection and Financial Institutions, Blaine Luetkemeyer (MO-03), sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit…

McHenry to Democrats: Changing the Definition of ‘Recession’ or Touting a ‘Biden Boom’ Doesn’t Change the Fact that 80 Percent of Americans Agree the Economy is on the Wrong Track

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Today, the House Financial Services Committee is holding a markup of a grab bag of mostly partisan legislation that does nothing to address the most pressing issues for Americans or provide relief for struggling families. Instead of working to ease the pain of Democrat-induced inflation or a potential recession, Democrats are more focused on distracting from their atrocious economic…

Senators Braun and Scott (FL) Introduce McHenry’s REIN IN Inflation Act in the Senate

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Today, Senator Mike Braun and Senator Rick Scott introduced the Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Inflation Act. This bill would require the administration to publish the inflationary impact of executive actions before enacting them. The companion legislation was introduced by House Budget Committee Republican Leader Jason Smith (MO-08), House…

McHenry: Democrats’ Blatant Mismanagement of Our Housing Finance System Has Done Real and Lasting Damage to American Households

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Today, the House Financial Services Committee is holding an oversight hearing of the Federal Housing Finance Agency with Director Sandra Thompson. While failing to conduct oversight of the Biden Administration’s housing finance plans, Democrats have pursued a far-left agenda that will exacerbate the rising cost of housing and inject unnecessary risk into the U.S. housing finance…

McHenry and Maloney Celebrate Inclusion of the Financial Transparency Act in FY 2023 NDAA

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Today, Congressman Patrick McHenry (R-NC), the top Republican on the House Financial Services Committee, and Congresswoman Carolyn B. Maloney (D-NY), Senior Member of the House Financial Services Committee applauded the passage of their Financial Transparency Act as an amendment to the FY 2023 National Defense Authorization Act. This legislation would require all of the…

McHenry, Stefanik, Smith Introduce REIN IN Inflation Act

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House Committee on Financial Services Republican Leader Patrick McHenry (R-NC), Congresswoman Elise Stefanik (R-NY), and House Budget Committee Republican Leader Jason Smith (R-MO) today introduced the Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Inflation Act. This bill would require the administration to publish the inflationary impact of executive actions…

McHenry to Democrats: We Need to Get Serious About Creating a Sustainable Housing Finance System That Can Withstand the Pressures of a Market Downturn

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Today, the House Financial Services Committee is holding a hearing on the housing market. While Democrats’ out-of-control spending unleashed record inflation, pushing the dream of homeownership out of the reach of many American families, Committee Republicans are focused on creating a sustainable housing finance system that can withstand a market downturn. Watch Republican Leader Patrick…

McHenry, Luetkemeyer Demand CFPB Director Chopra Clarify Conflicting Testimony on FDIC Power Grab

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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 Protections and Financial Institutions, Blaine Luetkemeyer (MO-03) sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. The letter demands Director Chopra clarify conflicting testimony he delivered to the House…

McHenry, Hill Urge Waters to Call on FHFA Director to Testify on Growing Threats to Housing Finance System

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Housing, Community Development, and Insurance Subcommittee, French Hill (AR-02), sent a letter to Chairwoman Maxine Waters (CA-43) calling on her to invite Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson to testify before the Committee at next…

Republicans Correct the Record Regarding the Meme Stock Event of January 2021

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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 Committee Democrats’ report regarding the “meme stock” event of January 2021: “I first called for a hearing on the GameStop situation to understand the facts on the ground,” said Republican Leader McHenry. “This was an opportunity to explore ways to…

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