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McHenry, Toomey Ask SEC to Undertake ‘Good Government’ Reforms

| Posted in Press Releases

U.S. House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) and U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) are urging the Securities and Exchange Commission (SEC) to start or complete seven good government initiatives, several of which have been awaiting action for years. In the letter to Acting Chair Lee, the ranking members wrote: “We hope…

Democrats Advance Bill Without Necessary Amendments to Make Aid Temporary, Targeted, & Tied to COVID

| Posted in Press Releases

This week the Committee held a markup of the Biden “stimulus” plan. Republicans presented a clear alternative to the oversized partisan package by offering amendments to target COVID relief toward Americans most in need, ensure additional funding is temporary, and to tie money directly to the national emergency. Unfortunately, on day two, Democrats again took a largely partisan approach,…

Democrats Reject Providing Temporary, Targeted, & Tied to COVID Relief to Americans in Need

| Posted in Press Releases

Yesterday, the Full Committee began its markup on portions of President Biden’s partisan, $1.9 trillion bill. This misguided, oversized COVID-19 “stimulus” package would do little to provide the temporary, targeted, and COVID-related aid that our communities, schools, and small businesses need to safely reopen. Republicans offered commonsense amendments to target relief toward those most…

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

| Posted in Press Releases

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

| Posted in Press Releases

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

| Posted in Press Releases

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

| Posted in Press Releases

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

| Posted in Press Releases

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

| Posted in Press Releases

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…

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