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SEC Provides Gig Workers Equity Compensation Options Following McHenry Proposal to Support Non-Traditional Workers

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Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Securities and Exchange Commission’s (SEC) proposal to provide equity compensation options for gig workers: “I’m glad to see the SEC is taking action to provide compensation options for gig workers, who are critical in our…

McHenry Statement on OCC Proposed Rule to Ensure Fair Access to Financial Services

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Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Office of the Comptroller of the Currency’s (OCC) proposed rule to ensure fair access to financial services for lawful businesses: “No lawful company should be denied a bank loan just because Democrats rely on naming and shaming to…

McHenry: Chairman Clayton Has Worked Tirelessly on Behalf of Main Street Investors

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Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Securities and Exchange Commission (SEC) Chairman Jay Clayton announced his departure from the Commission at the end of the year: “Chairman Clayton has worked tirelessly on behalf of Main Street investors throughout his time at the SEC. As…

McHenry: We Should Focus on Financial Stability and the Important Work of Regulators, Not Politics

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Today, 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), Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve System (FRB). Republican Committee Members will discuss the ongoing work by…

McHenry Applauds Move to Simplify Exempt Offering Framework and Increase Access to Capital

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Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Securities and Exchange Commission’s (SEC) finalization of a proposal to simplify and improve the exempt offering framework: “Today’s action by the SEC will help small businesses, their employees, and Main Street investors—while maintaining…

McHenry Statement on CFPB’s Fair Debt Collection Practices Final Rule

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Consumer Financial Protection Bureau’s (CFPB) Debt Collection Practices final rule: “This will provide clear rules of the road for small businesses and consumers. The CFPB is preserving important protections from harassment, while…

McHenry, Huizenga Introduce New Bill to Protect Americans’ Retirement Savings

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Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), and Republican leader of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee, Bill Huizenga (MI-2), introduced new legislation to protect investors from Democrats’ harmful tax proposals. The Protecting Retirement Savers and Everyday Investors Act would prohibit states from…

McHenry: Democrats Are Once Again Leaving Town Without Supporting Small Businesses

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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Speaker Pelosi and House Democrats once again pushed through their partisan bill that does not provide relief to small businesses and workers in need: “It’s shameful that Democrats are once again leaving town without supporting small businesses and their…

Democrats’ Unworkable Bill Does Nothing to Stop CCP’s Human Rights Abuses

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Today, Democrats are pushing through H.R. 6270, the Uyghur Forced Labor Disclosure Act of 2020, in an attempt to appear “tough on China” for political gain. This messaging bill has already been proven unworkable and will only hurt U.S. public companies and does nothing protect the Uyghur people from the Chinese Communist Party’s (CCP) human rights abuses. The top Republican on the…

FinTech Task Force Republicans Push for Regulatory Clarity to Spur Innovation

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Today, the Task Force on Financial Technology is holding a virtual hearing on the importance of providing an up-to-date regulatory framework that fosters innovation and competition to give more Americans access to critical financial services. Watch Task Force Ranking Republican Tom Emmer’s (MN-6) opening remarks here. Read Ranking Republican Emmer’s opening remarks as prepared for…

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