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

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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

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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

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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 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…

Committee Republicans Introduce Legislation to Protect Renters from Eviction

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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), led all Committee Republicans in introducing the Renter Protection Act. This legislation protects renters who could face eviction when the national eviction moratorium expires this month by consolidating COVID-related Emergency Rental Assistance programs and quickly disbursing the aid. As Ranking…

H.R. 1187 Will Hurt Everyone Saving for Retirement, a College Education, or Just Trying to Build a Better Life

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Today, the top Republican on the Subcommittee on Investor Protection, Capital Markets, and Entrepreneurship, Bill Huizenga (MI-02), delivered remarks on the House floor in opposition to H.R. 1187, Democrats’ attempt to hijack our securities law to push their far-left social agenda. Democrats’ legislation will result in fewer investment opportunities for everyday Americans trying to…

Announcing Investigation, McHenry Instructs the SEC & PCAOB to Preserve Documents Regarding Move to Politicize an Independent PCAOB

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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent letters to Securities and Exchange Commission (SEC) Chair Gary Gensler and Public Companies Accounting Oversight Board (PCAOB) Acting Chair Duane DesParte. These letters follow Chair Gensler’s move last week to blatantly politicize an independent PCAOB by terminating then-PCAOB Chair William Duhnke…

McHenry on the Biden Administration’s Mismanagement of Emergency Rental Assistance: This Is an Abject Failure

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Today, the House Committee on Financial Services is holding a hearing on Democrats’ proposals to create a new, massive federal housing voucher entitlement program, which does nothing to increase the supply of rental housing. Instead, the Committee should be focused on fixing the Biden Administration’s mismanagement of the COVID-19 emergency rental assistance.   Watch…

McHenry Statement on Termination of PCAOB Chair Duhnke and Opening of PCAOB Board Positions

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released a statement regarding the move by Securities and Exchange Commission (SEC) Chair Gary Gensler to terminate William Duhnke as Chairman of the Public Company Accounting Oversight Board (PCAOB) and his intent to fill all five PCAOB Board seats with handpicked appointees.   “This is…

McHenry to CEOs: Rather Than Appeasing the “Woke” Left, We Should Focus on Rebuilding the Greatest Economy in the World

| Posted in Press Releases

Today, the House Financial Services Committee is holding a hearing with the CEOs of six Global Systemically Important Banks (GSIBs), including Citigroup, JP Morgan Chase & Co., Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs. Republicans will emphasize the need for banks to focus on what they do best—providing capital…

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