Today, Democrats are pushing through H.R. 6270, the Uyghur Forced Labor Disclosure Act of 2020, in an attempt to appear “tough on China” for political gain. This messaging bill has already been proven unworkable and will only hurt U.S. public companies and does nothing protect the Uyghur people from the Chinese Communist Party’s (CCP) human rights abuses.
The top Republican on the… Read more »
Today, the Task Force on Financial Technology is holding a virtual hearing on the importance of providing an up-to-date regulatory framework that fosters innovation and competition to give more Americans access to critical financial services.
Watch Task Force Ranking Republican Tom Emmer’s (MN-6) opening remarks here.
Read Ranking Republican Emmer’s opening remarks as prepared for… Read more »
Today, the House Committee on Financial Services held a hybrid hearing with Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell on the Administration’s ongoing response to the COVID-19 pandemic and efforts to rebuild the record-breaking economy Americans experienced before the coronavirus.
Watch Ranking Republican Patrick McHenry’s (NC-10) opening remarks… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced new legislation to expand the category of workers that can benefit from equity compensation to the critical gig workforce. H.R. 8280, the Gig Worker Equity Compensation Act, which complements the Pandemic Unemployment Insurance extended to gig workers in the CARES Act, will allow these… Read more »
Today, the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets is holding a virtual hearing where Republican Members will focus on solutions to strengthen our economic recovery and ensure all hardworking Americans share in our comeback. This morning, Ranking Republican Patrick McHenry (NC-10) introduced H.R. 8280, the Gig Worker Equity Compensation Act, a bill to do… Read more »
Today, the House Committee on Financial Services is holding a virtual hearing with the Director of the Federal Housing Finance Agency (FHFA), Dr. Mark Calabria, to discuss the agency’s response to the coronavirus economic and public health crises, and the proactive steps taken by FHFA to protect renters and homeowners.
Watch Ranking Republican Patrick McHenry’s (NC-10) opening remarks… Read more »
Today, the House Committee on Financial Services is once again holding a partisan hearing on Speaker Pelosi’s socialist wish list, the so-called HEROES Act. Instead of working toward a bipartisan solution to provide aid to small businesses in need, Committee Democrats continue to push for additional funding for states and localities, despite the fact states have only used 25 percent of… Read more »
Today, Republican leader of the House Committee on Financial Services, Patrick McHenry (R-NC), and Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, Mike Crapo (R-ID), urged the Treasury Secretary and Federal Reserve Chairman to utilize the remaining funds in the Exchange Stabilization Fund (ESF) to its fullest extent. The ESF provides a critical economic backstop… Read more »
Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), and Republican leader of the House Small Business Committee, Steve Chabot (OH-1), sent a letter to Speaker Nancy Pelosi calling on her to abandon Democrats’ socialist wish list and focus on bipartisan policies to help small businesses and their employees impacted by COVID-19.
With the bipartisan… Read more »
Today, the House Democrats passed their second package of Fiscal Year 2021 appropriations bills, including financial services funding. The partisan package will negatively impact investors, prop-up unfounded postal banking, and support the Chinese Communist Party.
The Garcia/Waters amendment, a Special Drawing Rights allocation at the International Monetary Fund (IMF), would provide… Read more »
