Today, the U.S. House of Representatives passed four bipartisan Financial Services bills, including legislation introduced by the Republican Leader of the Subcommittee on National Security, International Development, and Monetary Policy, French Hill (AR-2), to combat the generational threat posed by China. H.R. 5932, the Ensuring Chinese Debt Transparency Act of 2020, recognizes the… Read more »
Today, the Yes in My Backyard (YIMBY) Act (H.R. 4351) passed the House Financial Services Committee with bipartisan support.
Introduced by Rep. Trey Hollingsworth (R-IN) and Rep. Denny Heck (D-WA) on September 17, 2019, YIMBY requires Community Development Block Grant (CDBG) recipients to report on policies to remove barriers that impact access to housing for Hoosiers and all… Read more »
Today, the House Committee on Financial Services is holding a markup of seven bills, including three bipartisan measures: H.R. 5932, the Ensuring Chinese Debt Transparency Act of 2020, offered by the Republican Leader of the Subcommittee on National Security, International Development, and Monetary Policy, French Hill (AR-2); H.R. 5931, the Improving FHA Support for Small Dollar Mortgages… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined Congressman Dan Crenshaw’s (TX-2) recently launched podcast to discuss the technology behind cryptocurrencies, like Bitcoin, and its potential to foster greater financial inclusion—and help you get to work on time.
Listen to the full episode of Hold These Truths, with Ranking Member McHenry,… Read more »
Today, the House Committee on Financial Services is holding its semi-annual hearing with the Chairman of the Board of Governors of the Federal Reserve System, Jerome Powell, on monetary policy and the state of the economy. Republican Members will highlight the regulatory rightsizing championed by Congressional Republicans, the Trump Administration, and implemented by the Fed over the past… Read more »
Today, Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the indictment of four members of the Chinese military for their involvement in the 2017 Equifax data breach:
“The 2017 Equifax breach jeopardized nearly 150 million Americans’ most sensitive and personal information. It was clear from the start… Read more »
Today, the House Committee on Financial Services is holding its semi-annual hearing with Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger. Republicans will discuss recent actions taken by the Bureau to improve transparency, clarify supervision and enforcement standards, and encourage the responsible use of alternative data in underwriting. Republican Members will… Read more »
Today, the House Financial Services Committee is holding a hearing on the consumer benefits of partnerships between banks and nonbank lenders, including bank-fintech partnerships. When properly regulated, these partnerships can provide greater financial inclusion, spur technological innovation, and foster competition that ultimately benefits consumers.
Watch Republican Leader of the… Read more »
WASHINGTON - Today, Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, released the following statement on the Senate vote acquitting President Donald J. Trump on the two articles of impeachment passed by the House:
"The 2016 election outcome was a shock to many, but none more so than Democrats in Washington. Since then, they’ve been… Read more »
WASHINGTON - Tonight, Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, released the following statement on President Trump's State of the Union address:
“Tonight, President Trump delivered a powerful message highlighting all that has been accomplished over the past three years. Through the new trade agreement with China, the USMCA,… Read more »
