WASHINGTON – Today, the House Financial Services Committee passed two pieces of bipartisan legislation to reauthorize the National Flood Insurance Program (NFIP) through September 30, 2024 and implement much-needed reforms to the outdated program.
Watch Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), deliver remarks in support of the bipartisan NFIP… Read more »
Bipartisan bill aims to spur private flood insurance and lower costs for lower-income homeowners
WASHINGTON—Lawmakers in the House advanced a bipartisan plan to overhaul the federal flood-insurance program, which has struggled to keep pace with record disaster payouts in recent years.
The bill, approved unanimously Wednesday by the House Financial Services Committee, aims to… Read more »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), delivered the following opening remarks today at a committee markup of: H.R. 2162, H.R. 2513, H.R. 2763, H.R. 3018, H.R. 3111, H.R. 3141, H.R. 3154, and the “National Flood Insurance Program Reauthorization Act of 2019.”
Ranking Member Patrick McHenry’s opening remarks as delivered:
“I… Read more »
GOP Leaders of Financial Services Panel Lay Out Top Priorities for This Year
WASHINGTON, DC — The Ripon Society hosted a breakfast discussion Wednesday morning with the Ranking Member and subcommittee Ranking Members of the House Financial Services Committee, who discussed the legislative approach they are taking in the 116th Congress and some of the top legislative priorities they… Read more »
WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the U.S. Securities and Exchange Commission’s (SEC) finalization of a package of rulemakings and interpretations on financial advice for retail investors including its Regulation Best Interest (Reg BI) rule:
“Protecting everyday investors who… Read more »
WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), called for the modernization and diversification of the more than 80-year-old U.S. Export-Import (Ex-Im) Bank. He highlighted the increased focus of the Bank today as “a tool of our national interests, and even our national security interests,” in light of China’s “unparalleled… Read more »
WASHINGTON – Today, House Democrats chose to put politics ahead of consumers by passing partisan legislation to alter portions of the Consumer Financial Protection Bureau (CFPB). H.R. 1500, the Consumers First Act, ignores the fundamental flaw of the CFPB, its unaccountability, which Republicans have raised since its establishment under the partisan Dodd-Frank Act.
… Read more »
WASHINGTON – Today, the House Financial Services Committee held a hearing to receive testimony from the Housing and Urban Development (HUD) Secretary, Ben Carson.
The Republican leader of the Committee, Patrick McHenry (NC-10), applauded Secretary Carson’s efforts to bring much needed reform to the agency, including “modernizing… Read more »
WASHINGTON – Today, the House Financial Services Committee held a hearing to receive testimony from the Chair of the National Credit Union Administration, Rodney Hood; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; Comptroller of the Currency, Joseph Otting; and Vice Chair of Supervision of the Board of Governors of the Federal Reserve System, Randal… Read more »
WASHINGTON – Today, the U.S. House of Representatives advanced four bipartisan Financial Services bills: H.R. 389, the Kleptocracy Asset Recovery Rewards Act; H.R. 1037, the Banking Transparency for Sanctioned Persons Act; H.R. 1060, the BUILD Act; and a short-term extension of the National Flood Insurance Program (NFIP), which was set to expire this month.
Republican leader of the… Read more »
