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McHenry Calls for Secretary Yellen to Testify on Emergency Rental Assistance Mismanagement

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Chairwoman Maxine Waters (CA-43) urging her to require Treasury Secretary Janet Yellen to testify at next week’s hearing alongside Housing and Urban Development (HUD) Secretary Marcia Fudge. Committee Republicans want answers from Secretary Yellen on the Treasury…

McHenry Statement on Biden Bank Merger Executive Order

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement on President Biden’s misguided Executive Order that would drive up regulatory costs on financial institutions, leading to further consolidation: “This is nothing more than Democrats’ attempt to clean up their own mess caused by Dodd-Frank,” said Republican Leader…

McHenry Announces New Member of Financial Services Committee

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Today, House Republicans selected Congressman Pete Sessions (TX-17) to serve on the House Financial Services Committee. The top Republican on the Committee, Patrick McHenry (NC-10), issued the following statement in response: “Congressman Sessions brings a wealth of experience as the newest addition to the Financial Services Committee,” said Republican Leader McHenry. “He will…

McHenry at Hearing on Credit Reporting: We Should Be Promoting Competition to Create Better Opportunities for Consumers

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Today, the House Financial Services Committee is holding a hearing on Democrats’ attempt to socialize the credit reporting industry, which would jeopardize the privacy and security of consumer data, as well as politicize the allocation of credit. Instead of a disastrous government run credit reporting agency, we should be working to create more competition and give consumers…

McHenry Requests Documents Regarding SEC’s Politically Motivated Action to Overhaul the PCAOB

| Posted in Press Releases

The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent letters to the Chair of the Securities and Exchange Commission (SEC), Gary Gensler, and the Acting Chair of the Public Companies Accounting Oversight Board (PCAOB), Duane DesParte. In the letters, Republican Leader McHenry requests specific documents and communications regarding the SEC’s…

McHenry & Hill Statement on President Biden’s Decision to Extend the CDC’s Eviction Moratorium

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Subcommittee on Housing, Community Development, and Insurance, French Hill (AR-02), released a statement following President Biden’s decision to extend the Centers for Disease Control and Prevention’s (CDC) eviction moratorium.   To fix the Biden…

McHenry: The True Lender Rule is Good, Bipartisan Policy That Provides Clarity to Banks and FinTechs

| Posted in Press Releases

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), spoke on the House floor in opposition to Democrats’ move to use the Congressional Review Act (CRA) to rescind the Office of the Comptroller of the Currency’s (OCC) True Lender rule. House Democrats’ politically motivated action would make financial services more expensive and less accessible,…

McHenry at Committee Markup: These Bills Are A Grab Bag of So-called Solutions in Search of Problems

| Posted in Press Releases

Today, the House Financial Services Committee is holding a markup of four partisan pieces of legislation that will not support our country’s reopening or get Americans back to work. In a letter from Republican Leader Patrick McHenry (NC-10) to Chair Waters today, he urged the Chair to include Republican bills in Committee markups to “support our shared goal of growing the economy,…

McHenry & Hill Release Statement on Termination of FHFA Director Calabria

| Posted in Press Releases

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Subcommittee on Housing, Community Development, and Insurance, French Hill (AR-02), released the following statement on President Joe Biden’s decision to terminate Dr. Mark Calabria as the Director of the Federal Housing Finance Agency (FHFA):   “By firing…

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