The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced the Ransomware and Financial Stability Act. By deterring hackers and setting commonsense guardrails for financial institutions to respond to ransomware attacks, this legislation will protect the critical financial infrastructure that makes daily economic activity… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding Randal Quarles’ announcement of his forthcoming departure from the Federal Reserve Board of Governors:
“Governor Quarles has been a tireless advocate for strengthening our financial system throughout his time on the Federal Reserve Board," said… Read more »
Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Consumer Protection & Financial Institutions Subcommittee and House Small Business Committee, held a roundtable discussion with members of the House Financial Services Committee and House Small Business Committee on the Democrats’ IRS financial account reporting regime.
… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement on House Democrats’ vote to pass their partisan spending bill under the guise of infrastructure:
“Today the House voted on a $1.2 trillion dollar bill full of progressive priorities and reckless spending,” said Republican Leader McHenry. Instead… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement, which echoes the concerns expressed by Republican Commissioners Hester Peirce and Elad Roisman, regarding the guidance issued today by the Securities and Exchange Commission (SEC) regarding shareholder proposals:
“This is yet another example of the dangerous… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement regarding the report on stablecoins released by the President’s Working Group on Financial Markets, along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC):
“The Biden Administration seems determined… Read more »
In advance of today’s hearing with the new Consumer Financial Protection Bureau (CFPB) Director, Rohit Chopra, Committee Republicans are taking action to rein in the unaccountable agency. Since its inception, the CFPB’s structure and funding mechanisms have insulated it from transparency and accountability to Congress and the American people.
Last year’s Supreme Court decision that… Read more »
Today, the House Financial Services Committee is holding a hearing with the new Consumer Financial Protection Bureau (CFPB) Director, Rohit Chopra. While the Biden Administration and Director Chopra seek to return the CFPB to its days of regulation through enforcement, Committee Republicans are taking action to rein in the unaccountable agency.
Watch Republican Leader Patrick McHenry’s… Read more »
Today, Congressman Patrick McHenry (NC-10), Ranking Member of the House Financial Services Committee, and Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Consumer Protection & Financial Institutions Subcommittee, sent a letter to Chairwoman Maxine Waters regarding the urgent need to hold a hearing on Democrats’ IRS reporting requirement proposal. This proposal would… Read more »
Today, Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, and Congresswoman Carolyn B. Maloney (D-NY), Senior Member of the House Financial Services Committee and previous Chair of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, applauded the passage of H.R. 2989, the Financial Transparency Act, in the… Read more »
