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McHenry: We Need to Deliver Temporary, Targeted, and COVID-Related Relief to the People Who Need It Most

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10,) delivered the following opening remarks at the full Committee markup of a portion of President Biden’s $1.9 trillion so-called stimulus package.  Click HERE to watch Republican Leader McHenry’s opening remarks. Read Republican Leader McHenry’s Opening Remarks as prepared for…

No Amount of Stimulus Can Replace Open Businesses, Available Jobs, and Kids in Classrooms

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Today, the Committee is holding a hearing on what our economy needs to fully recover from the COVID-19 crisis. Republican members will discuss alternatives to President Biden’s misguided and outsized stimulus proposal, including following the science to safely reopen our economy and get Americans back to work. Click HERE to watch Subcommittee Ranking Member French…

McHenry: Republicans Stand Ready to Work Across the Aisle to Protect Consumers, Support Small Businesses, Strengthen National Security, and Continue our Economic Recovery

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Today, the House Committee on Financial Services is holding its Organizational Meeting for the 117th Congress to appoint subcommittee members and consider the Committee’s rules for the new Congress. Watch Ranking Member Patrick McHenry’s (NC-10) opening remarks here. Read Ranking Member McHenry’s opening remarks as prepared: “I thank the Chair for her remarks, and I would like…

Committee Holds Organizational Meeting, Democrats Reject Bipartisanship and Historical Fact

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Today, the Committee on Financial Services held its Organizational Meeting for the 117th Congress. Despite having the slimmest majority in nearly a century, Democrats continue to attempt to consolidate power and reject commonsense proposals. Committee Democrats opposed many of Republicans’ non-partisan amendments to the committee rules package, even going so far as to…

McHenry Announces Republican Financial Services Subcommittee Assignments

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Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), announced the committee’s Ranking Member and Subcommittee roster assignments for the 117th Congress: Vice Ranking Member of the Full Committee and Diversity and Inclusion — Ranking Member Ann Wagner (MO-2) Investor Protection, Entrepreneurship, and Capital Markets – Ranking…

McHenry Statement on Nomination of Gary Gensler to Lead the SEC

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Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to President-elect Joe Biden’s decision to nominate former CFTC Chair Gary Gensler to serve as Chairman of the Securities and Exchange Commission (SEC):    “Gary’s acceptance of financial technology and cryptocurrency is a welcome change…

McHenry Statement on Nomination of Rohit Chopra to Lead the CFPB

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Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to President-elect Joe Biden’s decision to nominate a Commissioner on the Federal Trade Commission (FTC), Rohit Chopra, to serve as Director of the Consumer Financial Protection Bureau (CFPB):   “President-elect Biden’s decision to nominate…

McHenry and Toomey Statement on Treasury Changes to Fannie Mae and Freddie Mac

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Today, Ranking Member Patrick McHenry (NC-10), and U.S. Senator Pat Toomey (R-Pa.), the incoming Ranking Member of the Senate Banking Committee, issued the following statement regarding actions taken by the U.S. Department of the Treasury and Federal Housing Finance Agency (FHFA) to begin the process of exiting the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan…

McHenry: Acting Comptroller Brooks Has Been an Advocate for Financial Technology

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Acting Comptroller of the Currency Brian Brooks announced he will step down from his current position at the OCC:   “Acting Comptroller Brooks has been a steadfast advocate for financial technology, regulatory modernization and…

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