Today, the House Financial Services Committee is holding a hearing with Acting Financial Crimes Enforcement Network (FinCEN) Director Himamauli “Him” Das. Committee Republicans will demand accountability for FinCEN’s broad statutory authority, transparency for its collection of Americans’ financial data, and protection for small businesses from overly burdensome beneficial ownership… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), the top Republican on the Oversight and Reform Committee, James Comer (KY-01), and the top Republican on the Consumer Protection and Financial Institutions Subcommittee, Blaine Luetkemeyer (MO-03), sent a letter to Postmaster General Louis DeJoy. The Republican Leaders slam the United States… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, Bill Huizenga (MI-02), submitted a public comment letter expressing concerns with how two recent Securities and Exchange Commission (SEC) rulemakings could impact the digital asset ecosystem,… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Biden announced his intent to nominate Michael Barr as Vice Chair for Supervision at the Federal Reserve:
“Michael Barr’s nomination comes after several failed attempts by President Biden to install left-wing financial regulators in some of our most… Read more »
Today, Financial Services Committee Republican Leader Patrick McHenry (R-NC) and Education and Labor Committee Republican Leader Virginia Foxx (R-NC) sent letters to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra and the Office of Federal Student Aid (FSA) Chief Operating Officer Richard Cordray regarding the agencies’ oversight of the federal student loan… Read more »
This week, Ranking Member Patrick McHenry (NC-10), the top Republican on the House Financial Services Committee, hosted a roundtable to mark ten years of the Jumpstart Our Business Startups (JOBS) Act of 2012. The panel—moderated by Martha Miller, Director of the SEC’s Office of the Advocate for Small Business Capital Formation—consisted of a broad array of experts on capital formation.… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the Consumer Financial Protection Bureau’s (CFPB) Notice of Proposed Rulemaking to implement his bill, H.R. 2332, the Debt Bondage Repair Act:
“I’m glad to see the CFPB move quickly to propose this rule to help survivors of human trafficking regain their… Read more »
Today, the House Financial Services Committee is holding a hearing with Treasury Secretary Janet Yellen. Republicans will discuss the state of the international financial system and hold the Biden Administration accountable for the Treasury Department’s international activities, specifically those at the international financial institutions.
Watch Republican Leader Patrick McHenry’s… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released a Staff Report entitled, “Ten Years of the Jumpstart Our Business Startups (JOBS) Act of 2012: How the Law Spurred Capital Formation, and How Congress Can Build on Its Success.”
Read the full report here or by clicking the image… Read more »
Ahead of today’s hearing on financial fees, Committee Republicans sent a letter outlining Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra’s recent actions that could stifle financial inclusion and eliminate consumer choice. A majority of the Republican Members, led by Ranking Member Patrick McHenry (NC-10) and Consumer Protection and Financial Institutions Subcommittee… Read more »
