Today, the House Committee on Financial Services is holding a hearing to evaluate the Emergency Capital Investment Program’s (ECIP) support for Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). Unfortunately, Democrats’ reckless agenda has slowed our economic recovery—harming the communities this program was intended to support.
Watch… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent letters to Treasury Secretary Janet Yellen and Deputy Inspector General of the Treasury Department Richard Delmar regarding oversight of the Emergency Rental Assistance (ERA) programs. The letters blast Treasury’s willful neglect of oversight of the ERA programs and urge Treasury and the… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement on the Executive Order issued today by the Biden Administration regarding Afghanistan’s reserve assets held in the United States:
“This is the result of President Biden’s failed approach to foreign policy in Afghanistan,” said Republican Leader… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement following the Government Accountability Office’s (GAO) release of a new report outlining Treasury’s failure to conduct basic oversight of the Emergency Rental Assistance programs. Republican Leader McHenry requested this GAO report in a letter last year.
“As I said… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the Securities and Exchange Commission’s (SEC) move to propose shortening the settlement cycle for securities trading and including appropriate public comment periods on the rulemakings announced today:
“Today’s move by the SEC to propose shortening the… Read more »
Today, the top Republican on the House Financial Services Committee, released the following statement regarding the District Court for the Northern District of California’s ruling upholding the Office of the Comptroller of the Currency’s (OCC) “Valid-When-Made” rule:
“I’m glad to see the court affirm the OCC’s Valid-When-Made rule,” said Republican Leader McHenry. “By upholding these… Read more »
Today, the House Committee on Financial Services is holding a hearing with Treasury Under Secretary Nellie Liang to examine the President’s Working Group on Financial Markets’ report on stablecoins. With a clear federal regulatory framework, stablecoins hold promise as a potential cornerstone of the modern payments system.
Watch Republican Leader Patrick McHenry’s (NC-10) opening remarks… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after voting against House Democrats’ partisan, so-called China competitiveness legislation:
“Congressional Democrats are more focused on stifling American innovation than confronting the generational threat posed by the Chinese Communist Party,” said Republican… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the Biden Treasury Department’s mismanagement of the Emergency Rental Assistance (ERA) programs, as outlined in a newly released report from the Government Accountability Office (GAO) and public reporting:
“The Biden Treasury Department continues to… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), along with Rep. Tim Ryan (OH-13), and original co-sponsors of the bipartisan Keep Innovation in America Act, sent a letter to Treasury Secretary Janet Yellen ahead of the expected preliminary guidance on the new digital asset reporting requirements. The letter urges her to provide additional clarity to… Read more »
