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McHenry, Barr, Huizenga Demand Briefing, Documents from FDIC Regarding Changes to Asset Manager Passivity Agreements

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Today, The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), Chairman of the Subcommittee on Financial Institutions and Monetary Policy, Andy Barr (KY-06), and Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga (MI-04) sent a letter to disgraced Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg demanding his…

McHenry Statement on Treasury’s Outbound Investment Final Rule

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the U.S. Department of the Treasury’s final rule restricting outbound U.S. investment to China. This follows Treasury’s notice of proposed rulemaking implementing the White House’s outbound investment Executive…

McHenry Statement on CFPB’s Final 1033 Rule

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the CFPB’s final rule implementing Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.   “The CFPB’s final 1033 rule is a promising step forward to protect Americans’ financial data privacy,” said Chairman…

McHenry Demands Disgraced FDIC Chair Gruenberg Comply with Congressional Oversight, Schedule Transcribed Interview Immediately

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to disgraced Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg demanding he schedule a transcribed interview with the Committee by 5:00 PM today. Chairman McHenry is also requesting transcribed interviews with the agency’s General Counsel and Director of…

McHenry Requests GAO Audit FinCEN’s Beneficial Ownership Secure System

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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter requesting the Government Accountability Office (GAO) audit the Financial Crimes Enforcement Network’s (FinCEN) Beneficial Ownership Secure System (BOSS). The BOSS registry is intended to be a key national security tool designed to support the national security community,…

Barr Delivers Remarks at Hearing to Examine Basel Endgame and the Onslaught of Hurried Rulemaking Undertaken by the Administration

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Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr (KY-06), is holding a hearing entitled “Regulatory Recipe for Economic Uncertainty: The Endless Basel Endgame and an Onslaught of Hurried Rulemaking Undertaken by the Administration.” Watch Chairman Barr’s opening…

McHenry, Huizenga, Hill, Barr Demand Fed, FDIC, OCC, SEC Provide Interagency Communications Regarding SAB 121

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Ahead of a hearing with the full Securities and Exchange Commission (SEC), the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), Chairman of the Oversight and Investigations Subcommittee, Bill Huizenga (MI-04), Chairman of the Digital Assets, Financial Technology and Inclusion Subcommittee, French Hill (AR-02), and Chairman of the Financial Institutions and…

McHenry to SEC Commissioners: Chair Gensler’s Legacy Will Be Defined by Turning the Once Proud Institution of the SEC Into a Rogue Agency

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Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), is holding a hearing to conduct oversight of the Securities and Exchange Commission with testimony from all five Commissioners.  This is the first time since 2019 that all five Commissioners have testified together before the Committee, providing a unique opportunity to hear the…

POSTPONED: Subcommittee on Housing & Insurance

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Today, the House Financial Services Committee announced the postponement of the following hearing:   POSTPONED: Housing & Insurance Subcommittee Hearing Entitled: “Vanishing Independence: How FHFA’s Political Agenda Endangers Homeowners and Taxpayers” Time: 10:00 AM ET Date: Thursday, September 26, 2024 Place: 2128 Rayburn House Office Building  ###

McHenry, Lummis Demand SEC Rescind SAB 121 Amid Bipartisan, Bicameral Opposition

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Ahead of tomorrow’s hearing with the full Securities and Exchange Commission (SEC), Republicans on the House Financial Services and Senate Banking, Housing, and Urban Affairs Committees—led by Chairman Patrick McHenry (R-NC) and Senator Cynthia Lummis (R-WY)—sent a letter to SEC Chair Gary Gensler demanding the agency rescind its disastrous Staff Accounting Bulletin (SAB)…

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