Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after voting against Democrats’ reckless tax and spending package:
“Today, House Democrats passed a reckless tax and spending bill that will drive up the cost of living for the American people and leave us further in debt,” said Republican Leader McHenry. “This… Read more »
Today, all Republicans on the House Financial Services Committee, led by Ranking Member Patrick McHenry (NC-10), sent a letter to the acting head of the Office of the Comptroller of the Currency (OCC), Michael Hsu. The letter requests the OCC provide clarity on its potential proposal of a climate change related supervision framework for financial institutions.
Read the full letter to… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), has introduced the Keep Innovation in America Act, alongside Congressman Tim Ryan (OH-13) and a bipartisan group of lawmakers. The legislation will fix the digital asset reporting provisions in the Infrastructure Investment and Jobs Act, now law (PL 117-58), and provide clarity to technology innovators… Read more »
Today, the House Financial Services Committee is holding a markup of several pieces of legislation, including three bipartisan bills. However, despite the fact inflation just hit a 30-year record and increasing prices are outpacing the rise in wages—nothing on today’s markup agenda will help American families struggling to make ends meet. Additionally, this week House Democrats are… Read more »
Today, Republicans on the House Financial Services Committee, led by Ranking Member Patrick McHenry (NC-10), released principles to guide Congress’ evaluation of potential proposals for a U.S. Central Bank Digital Currency (CBDC). The principles state that a potential Fed-issued digital currency must maintain the dollar as the world’s reserve currency and the preeminence of the U.S.… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced the Ransomware and Financial Stability Act. By deterring hackers and setting commonsense guardrails for financial institutions to respond to ransomware attacks, this legislation will protect the critical financial infrastructure that makes daily economic activity… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding Randal Quarles’ announcement of his forthcoming departure from the Federal Reserve Board of Governors:
“Governor Quarles has been a tireless advocate for strengthening our financial system throughout his time on the Federal Reserve Board," said… Read more »
Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member on the Consumer Protection & Financial Institutions Subcommittee and House Small Business Committee, held a roundtable discussion with members of the House Financial Services Committee and House Small Business Committee on the Democrats’ IRS financial account reporting regime.
… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement on House Democrats’ vote to pass their partisan spending bill under the guise of infrastructure:
“Today the House voted on a $1.2 trillion dollar bill full of progressive priorities and reckless spending,” said Republican Leader McHenry. Instead… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement, which echoes the concerns expressed by Republican Commissioners Hester Peirce and Elad Roisman, regarding the guidance issued today by the Securities and Exchange Commission (SEC) regarding shareholder proposals:
“This is yet another example of the dangerous… Read more »
