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McHenry Statement on FDIC Chair McWilliams’ Resignation

| Posted in Press Releases

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement regarding the resignation of Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams: “As Chairman of the FDIC, Jelena McWilliams led with skill and integrity,” said Republican Leader McHenry. “Throughout her career she has been a dedicated public…

McHenry Calls Out SEC Chair Gensler for Limiting Public Comment on Rulemakings

| Posted in Press Releases

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement regarding Securities and Exchange Commission (SEC) Chair Gary Gensler pursuing major rulemakings with inadequate public comment periods:   “I’m disappointed Chair Gensler continues to pursue significant, and often partisan, rulemakings…

Committee Republicans Launch Investigation into Unprecedented Attempted Power Grab by Democrats on the FDIC Board of Directors

| Posted in Press Releases

Today, Republicans on the House Financial Services Committee, led by Patrick McHenry (NC-10), opened an investigation into the unprecedented, attempted power grab by Democrats on the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors, including Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, acting head of the Office of Comptroller of the Currency Michael…

McHenry Statement on Chopra’s Unprecedented Attempted Power Grab at FDIC

| Posted in Press Releases

The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding an attempt by the Consumer Financial Protection Bureau (CFPB) Director, Rohit Chopra, and a Federal Deposit Insurance Corporation (FDIC) Director, Martin Gruenberg, to circumvent FDIC Chairwoman Jelena McWilliams: “Rohit Chopra and the White House are attempting…

McHenry at Digital Assets Hearing: 2021 Was the Year of the Cryptocurrency

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Today, the House Financial Services Committee is holding a hearing with the CEOs of six digital asset organizations. Digital assets have the potential to revolutionize the way Americans participate in our financial system. Lawmakers must fully understand and embrace this new technology, not stifle it with burdensome regulations. Watch Republican Leader Patrick McHenry’s (NC-10) opening…

McHenry Applauds Inclusion of Debt Bondage Repair Act in NDAA

| Posted in Press Releases

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), applauded the inclusion of his bill, H.R. 2332, the Debt Bondage Repair Act, in this year’s National Defense Authorization Act (NDAA) for fiscal year 2022.The bill, which passed the House in June, will help trafficking victims regain their financial freedom and begin to rebuild their lives. Read…

McHenry: It’s Not Just the Pandemic Posing a Threat to Our Full Recovery, It’s Democrats’ Bad Fiscal Policies

| Posted in Press Releases

Today, the House Financial Services Committee is holding a hearing with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen on their pandemic response. Instead of working with Republicans on bipartisan solutions to rebuild the greatest economy of our lifetimes experienced pre-pandemic, Democrats continue to push their far-left agenda that will make rising prices…

McHenry, Huizenga Call on Chair Waters to Join Republicans’ Investigation into Politicization of PCAOB

| Posted in Press Releases

Today, 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), sent a letter to Financial Services Committee Chairwoman Maxine Waters (CA-43) requesting she join Committee Republicans’ investigation of the Biden Administration’s…

McHenry Celebrates Renomination of Jerome Powell as Federal Reserve Chair

| Posted in Press Releases

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statements regarding President Biden announcing his renomination of Jerome Powell to serve as Chair of the Federal Reserve Board of Governors: “I’m glad to see President Biden recognize what I’ve said all along: Chair Powell earned and deserves another term leading the…

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