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 principles to guide the discussion surrounding a potential U.S. CBDC, as well as outline their… Read more »
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 reiterate their principles to guide the discussion surrounding a potential U.S. CBDC, as well as… Read more »
Today, Congressman Patrick McHenry (NC-10), top Republican on the House Financial Services Committee, and Congressman Blaine Luetkemeyer (MO-03), top Republican on the Subcommittee on Consumer Protection and Financial Institutions, led a letter with House Financial Services Committee Republicans to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra regarding the… Read more »
Today, the House Financial Services Committee is holding a markup of several pieces of legislation. While families across the country are struggling with rising prices and empty store shelves, Committee Democrats are attempting to advance mostly partisan proposals that will do nothing to address the many problems plaguing our economic recovery.
Watch Vice Ranking Member Ann Wagner’s… Read more »
This week, 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), the top Republican on the Subcommittee on Consumer Protection, Blaine Luetkemeyer (MO-03), and the Vice Ranking Member of the Subcommittee on Oversight and Investigations, William Timmons (SC-04), sent… Read more »
Today, the House Financial Services Committee is holding a hearing with Treasury Secretary Janet Yellen in her capacity as Chair of the Financial Stability Oversight Council (FSOC). Committee Republicans will emphasize how FSOC—like other Biden financial regulators—must focus on maintaining the safety and soundness of our financial system, rather than exceeding its statutory authority by… Read more »
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 Acting Comptroller of the Currency Michael Hsu.
The Republican… Read more »
Today, the U.S. House of Representatives passed several pieces of bipartisan financial services legislation, including three bills introduced by Committee Republicans. Among the bipartisan bills passed are Republican-led initiatives to further isolate the Putin regime from the international financial system in response to Russia’s invasion of Ukraine and to make it easier for small… Read more »
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) reiterating their demand for a hearing with the full Securities and Exchange Commission (SEC). Committee Republicans previously… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the Notice of Proposed Rulemaking on the Community Reinvestment Act (CRA) released today by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Federal Reserve:
“Modernization of the CRA is long overdue,” said… Read more »
