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McHenry Reintroduces Legislation to Spur Financial Innovation
Dec 19, 2022
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), reintroduced H.R. 9556, the Financial Services Innovation Act, to modernize and streamline how innovators interact with regulators to build a more inclusive financial system. “It’s critical for our regulatory proc...
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McHenry, Davidson Request Assessment of Swap Market’s Threat to Financial Stability
Dec 16, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Task Force on Financial Technology, Warren Davidson (OH-08), sent a letter to Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen. In light of tightening...
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McHenry Raises Concerns with FinCEN’s Proposal Regarding Access to Beneficial Ownership Information
Dec 15, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Financial Crimes Enforcement Network’s (FinCEN) release of a Notice of Proposed Rulemaking regarding access to beneficial ownership information. “Today’s No...
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McHenry Urges Yellen to Use Rulemaking Process to Clarify Misguided Digital Asset Reporting Requirements
Dec 15, 2022
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Treasury Secretary Janet Yellen urging her to prioritize rulemaking under the digital asset reporting provisions of the Infrastructure Investment and Jobs Act and delay the effective date to allow...
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Financial Services Committee Republicans Call on CFPB Director Chopra to Rescind Anti-Consumer Actions on Nonbank Financial Firms
Dec 14, 2022
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Ahead of today’s hearing, all Republicans on the House Financial Services Committee—led by Chairman-elect Patrick McHenry (NC-10)—sent a letter to Consumer Financial Protection Bureau (CFPB) Rohit Chopra. Republicans are raising concerns with Director Chopra’s recent actions related to nonbank finan...
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McHenry to CFPB Director Chopra: Next Congress, You’ll Wish You Tried Harder to Play by the Rules
Dec 14, 2022
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Today, the House Financial Services Committee is holding a hearing with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. In light of Director Chopra’s regulatory overreach and disregard for the rulemaking process, the incoming House Republican majority will pursue aggressive oversi...
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McHenry Slams Gensler’s Proposed Equity Market Structure Overhaul
Dec 14, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the changes to equity market structure proposed today by the Securities and Exchange Commission (SEC): “The U.S. has the most liquid and efficient capital marke...
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McHenry at FTX Hearing: We Have to Separate Out the Bad Actions of an Individual from the Good Created by an Industry and Innovation
Dec 13, 2022
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Today, the House Financial Services Committee is holding a bipartisan hearing to investigate the events surrounding the collapse of digital asset trading platform FTX. Committee Members will question current FTX CEO John Ray to get the answers the firm’s customers and the American people deserve. Wa...
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McHenry Announces Financial Services Republican Priorities Included in FY2023 NDAA
Dec 8, 2022
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), announced several Committee Republican initiatives were included in the final text of the National Defense Authorization Act for fiscal year 2023 (NDAA). The House of Representatives is expected to vote on ...
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McHenry and Maloney Applaud Inclusion of the Financial Transparency Act in FY 2023 NDAA
Dec 8, 2022
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Today, Congressman Patrick McHenry (R-NC, the top Republican on the House Financial Services Committee, and Congresswoman Carolyn B. Maloney (D-NY), a Senior Member of the House Financial Services Committee, applauded the final House passage of the Financial Transparency Act as an amendment to the F...
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