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

| Posted in Press Releases

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…

ICYMI: McHenry: How Can You Have Economic Growth If You Can’t Get People to Go Back to Work?

| Posted in Press Releases

During today’s House Financial Services Committee hearing, Republican Leader Patrick McHenry (NC-10) questioned the bank CEOs on the outlook for jobs and the economy and the challenges we’re facing as we work to recover. The CEOs of some of America’s leading banks agreed with Republican Leader McHenry and confirmed job dislocation poses a threat to our recovery. …

House Republican Committee Leaders Call for a Serious Approach to Competition with China

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined House Science, Space, and Technology Committee Ranking Member Frank Lucas in a letter to House Speaker Nancy Pelosi and Majority Leader Steny Hoyer urging them to prioritize passing legislation on American competitiveness through regular order. McHenry and Lucas were joined by…

McHenry: Use Advances in Technology to Bring More Unbanked and Underbanked Americans Into the Fold

| Posted in Press Releases

oday, the House Financial Services Committee is holding a hearing with prudential regulators, including the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), the Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve System.    Watch Republican Leader Patrick McHenry’s…

McHenry Announces Republican Committee Leadership Transition

| Posted in Press Releases

Today the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), announced the following changes to the Committee’s Republican leadership team: Ranking Member of the Subcommittee on Housing, Community Development, and Insurance — Rep. French Hill (AR-02) Ranking Member of the Subcommittee on National Security, International Development and…

McHenry Opposes Democrats’ H.R. 2547: Another Attempt to Socialize Our Financial System

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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’ bill to socialize the credit industry, H.R. 2547, the Comprehensive Debt Collection Improvement Act. This legislation will hurt small businesses, increase risk to the financial system, and drive up the cost of credit for all…

McHenry: Democrats’ Policies Are Stalling Our Recovery

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Today, the House Financial Services Committee is holding a markup of several partisan pieces of legislation from Committee Democrats that would lead to the naming-and-shaming of America’s job creators and weaken our financial system, all under the guise of consumer and investor protection. The April jobs report is proof that Democrats’ far-left agenda is stalling our economic…

McHenry Reintroduces Gig Worker Equity Compensation Act

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The Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), reintroduced H.R. 2990, the Gig Worker Equity Compensation Act. This legislation will include the gig workforce in the category of workers who are able to benefit from equity compensation, helping them share in our economic resurgence, while preserving the flexibility and independence…