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McHenry investigates Ex-Im Bank's fraud prevention efforts
Feb 7, 2019
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Rep. Patrick McHenry (R-N.C.) today asked the Export-Import Bank for information about the agency's efforts to combat fraud. In a letter to acting Ex-Im Bank President Jeffrey Gerrish, McHenry cited a July 2018 GAO report that made recommendations about how the agency could improve its fraud prevent...
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McHenry Examines Chinese Attempt to Use Complex Financing Scheme to Obtain Restricted Satellite Technology
Feb 1, 2019
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WASHINGTON – Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent a letter requesting information from Boeing Co. to shed light on a potential attempt by the Chinese government to skirt U.S. laws to obtain restricted satellite technology. In the lett...
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McHenry Continues Push for Federal Bureaucracy Oversight
Jan 7, 2019
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WASHINGTON – Today, Congressman Patrick McHenry (NC-10), Republican leader of the House Financial Services Committee, sent letters to the eight Inspectors General (IG) of the agencies within the committee’s jurisdiction requesting an update on the agencies’ efforts to implement the IGs recommendatio...
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Treasury Documents Reveal FSOC Designations of ‘Too Big to Fail’ Firms are Arbitrary and Inconsistent
Feb 28, 2017
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WASHINGTON – The House Financial Services Committee today released a staff report which reveals that the Financial Stability Oversight Council (FSOC) acts inconsistently and arbitrarily in exercising its power to designate certain non-bank companies as “too big to fail.” Based on documents requested...
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Hensarling Statement on State Department Admission That Payment to Iran Was Contingent on Release of Hostages
Aug 18, 2016
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Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on Thursday after the State Department admitted that the United States would not hand over $400 million in cash to Iran until it released four American hostages: “There’s a word for that. It’s called ransom....
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ICYMI: A Bank Too Big to Jail
Jul 18, 2016
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Have you ever wondered why the crippling 2008 financial crisis generated almost no criminal prosecutions of large banks and their top executives? Then take a moment to read the congressional report issued on July 11 titled “Too Big to Jail.” Citing internal documents that the United States Treasury...
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Too Big to Jail: Internal Treasury Documents Reveal Why Justice Department Did Not Prosecute HSBC
Jul 11, 2016
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The House Financial Services Committee on Monday released a staff report of its investigation into the U.S. Department of Justice’s decision not to prosecute HSBC or any of its executives or employees for serious violations of U.S. anti-money laundering laws and related offenses. The Committee init...
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WEEK IN REVIEW
Apr 15, 2016
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Holding Bureaucrats Accountable and Helping Main Street Grow Two committee priorities – holding Washington accountable and growing Main Street’s economy – were on the House floor this week in the form of Rep. Tom Emmer’s (R-MN) “Financial Stability Oversight Council Reform Act” and Rep. Mia Love’s (...
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CFPB’s Mass Data Collection Threatens Consumers’ Financial Safety
Dec 16, 2015
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The Consumer Financial Protection Bureau (CFPB) has undertaken a dozen large-scale data collection efforts, gathering highly sensitive information on millions of American consumers even as the Bureau’s director has acknowledged that data held by the CFPB is “not 100 percent secure.” The Financial S...
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Media Advisory: CFPB Snooping Into Americans' Private Financial Data Subject of Oversight Hearing This Week
Dec 14, 2015
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the Committee’s schedule for this week. Wednesday, December 16 at 10:30 a.m. - The Oversight and Investigations Subcommittee will hold a hearing to examine the Consumer Financial Protection Bureau’s Mass Data Collecti...
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