Today, the House Financial Services Committee is holding a hearing with Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell to discuss their continued response to the COVID-19 pandemic and our accelerating economic recovery.
Watch Ranking Member Patrick McHenry’s (NC-10) opening remarks here.
Read Ranking Member McHenry’s… Read more »
Today, the full Committee is holding its second GameStop hearing. While Democrats continue to push progressive priorities—like a harmful financial transaction tax (FTT)—under the guise of “consumer protection,” Republicans want to remove the barriers that limit access to our capital markets and provide more opportunities for everyday investors.
Watch… Read more »
Today, every Republican Member of the House Financial Services Committee signed onto a resolution condemning attempts to impose a federal financial transaction tax (FTT) on investors, savers, or market intermediaries. With growing calls from Democrats to implement FTTs—to either hamper retail investors following the GameStop situation or to pay for their massive spending… Read more »
Today, the Ranking Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined CNBC’s Squawk Box to discuss the committee’s second hearing on the GameStop trading saga and the next steps Congress should take to remove hurdles to everyday investors and democratize financial markets.
… Read more »
House Financial Services Committee leaders Patrick McHenry (NC-10) and Bill Huizenga (MI-02) are receiving widespread support for their efforts to protect Americans from Democrats’ harmful tax proposals. The Protecting Retirement Savers and Everyday Investors Act would block states from imposing financial transaction taxes (FTTs) on certain industry participants, including stock… Read more »
Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to the Acting Chair of the Securities and Exchange Commission (SEC) urging her to uphold the Commission’s independence and follow through on necessary improvements to the Regulation Crowdfunding rules. These changes will support small businesses as they work… Read more »
Ahead of today’s Consumer Protection and Financial Institutions Subcommittee hearing on helping consumers during the pandemic, Republican leader Patrick McHenry (NC-10) reintroduced legislation to support Americans’ access to credit. H.R. 1645, the Protecting Consumer Access to Credit Act, would make commonsense reforms to the Fair Credit Reporting Act (FCRA) to ensure accurate… Read more »
Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) decision to rescind a policy statement that provided clarity on how it applied the "abusiveness" standard in supervision and enforcement matters:
“The CFPB is already backsliding to… Read more »
Today, the House Financial Services Committee is holding a hearing on fair access to housing and financial services, where Republicans will emphasize that economic freedom, full employment, and rising wages are the most effective ways to lift up all communities, including communities of color.
Watch Republican Leader Patrick McHenry’s (NC-10) opening… Read more »
Congressman Patrick McHenry (R-NC), Republican leader of the House Financial Services Committee, and Congressman Stephen F. Lynch (D-MA), Chair of the Financial Technologies Task Force, introduced H.R. 1602, the Eliminate Barriers to Innovation Act this week. This bipartisan bill will require the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)… Read more »
